Building on past work seeking to value emerging energy storage technologies in grid-based applications, this paper introduces a dynamic model-based framework to value a vanadium redox flow battery (VRFB) participating in Texas’ organized electricity market. Our model describes the dynamic...

Several ‘Advanced Rechargeable Battery Technologies’ (ARBT) have been evaluated in terms of various energy, environmental, economic, and technical criteria. Their suitability for different applications, such as electric vehicles (EV), consumer electronics, load levelling, and stationary...

To connect energy storage operational planning with real-time battery control, this paper integrates a dynamic battery model with an optimization program. First, we transform a behavioral circuit model designed to describe a variety of battery chemistries into a set of coupled nonlinear...

Due to the global economic crisis, cost management and cost cutting have once again become central concerns for many companies. The main objective of this paper is to propose a cost reduction model that would ensure maximum benefit and minimum damage to the company. The cost reduction model in a...