wind turbines on fields sun
Articles

Case Study VERBUND

Learn how VERBUND increased profitability of battery energy storage systems by incorporating battery aging into its operating strategy.

TWAICE / Mar 24, 2022

twaicetech

TWAICE helped me to learn more about: Case Study VERBUND read article here:

www.twaice.com/article/case-study-verbund

#thinktwaice

Maximizing profitability of energy storage systems

How VERBUND increased profitability of battery energy storage systems by incorporating battery aging into its operating strategy

Introduction

VERBUND owns and commercially operates battery energy storage systems (BESS) on its own behalf and for third parties. The Austrian utility is currently rapidly increasing its BESS deployment. VERBUND enhances its commercializing efforts and operating strategies using its algo trader, which is one of the best performing algo traders in the German speaking markets.

The market VERBUND is operating in is constantly changing. Traditional use cases such as frequency response are becoming less popular while markets such as energy arbitrage or intraday trading are becoming more profitable. Additionally, it is now possible to commercialize battery energy storage systems in multiple use cases at once. This increases the revenue potential but also the complexity for algo traders.

Traditionally, the best possible approach for choosing a strategy was based on its revenue potential. However, different operating strategies have different impacts on how the battery ages, and a battery that ages faster will result in a less profitable battery energy storage system long term. Therefore, it is now vital that battery degradation is a factor in choosing an operating strategy.

“By optimizing our operating strategy with the TWAICE Battery Analytics Platform, we expect a 2 year longer lifetime of our energy storages. This would result in € 1.6 million more revenue for every 10MWh of Energy Storage!” - Karl Potz, Head of Battery Solutions Center at VERBUND

Interested in the details about operating strategies? Download the full case study:

Recent Posts:
No items found.

Related Resources

Energy Storage Systems
March 27, 2023

De-risk deployment & operations of energy storage systems

On average battery energy storage systems are only available 82% of the time. Many issues however can already be detected before deployment, in the commissioning phase. The article explains the advantages of digital commissioning, like a quicker analysis and more detailed insights into KPIs and potential manufacturing failures.
Electric fleet management
March 27, 2023

In-life mobility solutions

Most fleet managers in the public sector, and operators of larger commercial fleets are now opting for electric vehicles. Nevertheless, there are still some concerns about this new technology regarding battery failure costs. This is when battery analytics becomes a key-value driver to unleash the full potential of battery-powered fleets.
battery development testing lab
August 8, 2019

Battery development

This article looks at the development of batteries and how virtual testing and software solutions can accelerate and improve the development of battery-powered products while keeping the time to market low.