Management of grid-scale energy storage systems for multiple services
Abstract:
Systems and methods for energy distribution for one or more grid-scale Energy Storage Systems (ESSs), including generating one or more time series models to provide forecasted pricing data for one or more markets, determining battery life and degradation costs for one or more batteries in or more ESSs to provide battery life and degradation costs, optimizing bids for the one or more markets to generate optimal bids based on at least one of the forecasted pricing data or the battery life and degradation costs, and distributing energy to or from the one or more ESSs based on the optimal bids generated.
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