Advances in Battery Energy Storage Management: Control and Economic Synergies

TL;DR

This paper reviews advances in Battery Energy Storage Systems, emphasizing the integration of control, economic optimization, and digital twin technologies to improve grid stability, revenue, and operational safety.

Contribution

It provides a comprehensive review linking economic and control strategies in BESS, highlighting potential synergies and future research directions.

Findings

Identification of key synergies between economic and control strategies.

Analysis of digital twin applications for BESS performance enhancement.

Highlighting research gaps and emerging trends in BESS management.

Abstract

The existing literature on Battery Energy Storage Systems (BESS) predominantly focuses on two main areas: control system design aimed at achieving grid stability and the techno-economic analysis of BESS dispatch on power grid. However, with the increasing incorporation of ancillary services into power grids, a more comprehensive approach to energy management systems is required. Such an approach should not only optimize revenue generation from BESS but also ensure the safe, efficient, and reliable operation of lithium-ion batteries. This research seeks to bridge this gap by exploring literature that addresses both the economic and operational dimensions of BESS. Specifically, it examines how economic aspects of grid duty cycles can align with control schemes deployed in BESS systems. This alignment, or synergy, could be instrumental in creating robust digital twins virtual representations of BESS systems that enhance both grid stability and revenue potential. The literature review is organized into five key categories: (1) ancillary services for BESS, exploring support functions that BESS can provide to power grids; (2) control systems developed for real-time BESS power flow management, ensuring smooth operations under dynamic grid conditions; (3) optimization algorithms for BESS dispatch, focusing on efficient energy allocation strategies; (4) techno-economic analyses of BESS and battery systems to assess their financial viability; and (5) digital twin technologies for real-world BESS deployments, enabling advanced predictive maintenance and performance optimization. This review will identify potential synergies, research gaps, and emerging trends, paving the way for future innovations in BESS management and deployment strategies.