Evaluation of the behind-the-meter benefits of energy storage systems with consideration of ancillary market opportunities

Abstract In this study, we analyze behind the meter benefits and resiliency capability of the price-taking energy storage devices in order to understand the impact of the facility's electricity and thermal demand behavior, energy providers pricing structure, DER configuration, storage capacity, and facility criticality on the storage evaluation assessment. We develop an integrated design considering ancillary market opportunities that accounts for different facilities with variant thermal and electrical loads, different DER configurations and energy tariff structures.

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