Business Models for Battery Storage Systems on Multidimensional Markets. A Structured Literature Review

Contents

1 Introduction

2 Overview and Defining Dimensions

2.1 Location

2.2 Technology

2.3 Battery Size

2.4 RES

2.5 Method

2.6 Revenue Streams

3 Methodology

3.1 Included Studies

3.2 Initial Literature pool

3.3 Design of a Search String and Evaluation of Relevant Databases

3.4 Manual Filtering

3.5 Backward and Forward Search

4 The current landscape of multi-tasking literature: A high level overview

5 Qualitative Analysis of HES and CES

5.1 HES

5.1.1 Operator

5.1.2 Services and Revenue Streams

5.1.3 Method

5.1.4 Forecasting

5.1.5 Battery Degradation

5.2 CES

5.2.1 Operator

5.2.2 Services and Revenue Streams

5.2.3 Method

5.2.4 Forecasting

5.2.5 Battery Degradation

6 Conclusion & Outlook

Objectives & Topics

This thesis examines the concept of "multi-tasking" or "multi-use" of Battery Storage Systems (BSS) to improve their financial profitability, as single-use scenarios often prove unprofitable due to high investment costs. The primary research goal is to review existing literature, create a high-level overview structured by specific dimensions, and perform a qualitative analysis of key residential clusters (Household Energy Storage - HES and Community Energy Storage - CES) to provide a foundation for future research.

• Review and structural analysis of multi-tasking BSS literature
• Categorization of BSS research based on location, technology, size, RES integration, methodology, and revenue streams
• Focus on the profitability of HES and CES configurations
• Comparison of optimization and simulation methods for management of storage systems
• Assessment of current forecasting and battery degradation considerations in research

Excerpt from the Book

Summary of Chapters

1 Introduction: Provides motivation for the study, defines the research problem regarding BSS profitability, and outlines the thesis goals.

2 Overview and Defining Dimensions: Establishes a taxonomy for analyzing BSS literature by defining six core dimensions including location, technology, size, RES, method, and revenue streams.

3 Methodology: Details the systematic literature review process, covering the selection of databases, the search string design, and the manual filtering criteria.

4 The current landscape of multi-tasking literature: A high level overview: Presents a descriptive analysis and visual clustering of the gathered research based on the predefined dimensions.

5 Qualitative Analysis of HES and CES: Offers a deep-dive analysis into the specific operation, services, methodologies, forecasting, and degradation modeling for Household and Community Energy Storage.

6 Conclusion & Outlook: Summarizes the key findings regarding the profitability of multi-use BSS and identifies gaps for future research, particularly regarding forecasting and degradation integration.

Keywords

Battery Storage Systems, BSS, Multi-tasking, Multi-use, Energy Storage, HES, CES, Self-consumption, Demand-side-management, Profitability, Renewable Energy Sources, Optimization, Ancillary Services, Battery Degradation, Forecasting

Frequently Asked Questions

What is the core focus of this bachelor thesis?

The thesis focuses on the concept of "multi-tasking" or "multi-use" of Battery Storage Systems. It investigates how using a single BSS for multiple applications can improve financial profitability in residential and community contexts.

What are the central thematic fields covered in the work?

The main themes include BSS location, battery technology, storage size, integration with renewable energy sources (RES), mathematical methods used for optimization, and various revenue streams such as arbitrage, ancillary services, and self-consumption.

What is the primary objective of this research?

The goal is to systematically review and categorize existing literature on multi-use BSS, provide a high-level overview of the field, and conduct a detailed qualitative analysis of the most relevant residential storage clusters (HES and CES).

Which research methodology is applied here?

The thesis employs a systematic literature review approach. This includes the definition of a relevant paper pool, strict manual filtering, and the evaluation of studies based on specific structural dimensions to ensure scientific validity.

What does the main part of the thesis address?

The main part provides a high-level overview of the current scientific landscape followed by a qualitative assessment of how HES and CES operators choose services, utilize forecasting, and account for battery degradation in their models.

Which specific keywords define this study?

Key terms include multi-tasking BSS, HES, CES, self-consumption, demand-side-management, optimization, and battery degradation modeling.

How does the profitability of BSS improve through multi-tasking?

Studies show that relying on a single revenue stream like self-consumption is often not profitable due to high capital costs. Combining self-consumption with other services like DSM, ancillary services, or energy arbitrage significantly boosts the economic performance of battery installations.

How do the authors treat battery degradation in the reviewed literature?

Only a subset of the literature incorporates degradation models. Approaches range from simplified estimations (assuming a fixed number of life years) to complex active optimization models that include parameters like depth of discharge, state of charge, and temperature.