A hierarchical EMS for aggregated BESSs in energy and performance-based regulation markets

T Zhang, SX Chen, HB Gooi & Jan Maciejowski
The battery energy storage systems (BESSs) have been increasingly installed in the power system, especially with the growing penetration rate of the renewable energy sources. However, it is difficult for BESSs to be profitable due to high capital costs. In order to boost the economic value of BESSs, this paper proposes a hierarchical energy management system (HiEMS) to aggregate multiple BESSs, and to achieve multi-market business operations. The proposed HiEMS optimizes the multi-market bids considering...
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