wind turbines on fields sun
Articles

Case Study VERBUND

March 24, 2022

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

wind turbines on fields sun
Download the content
No items found.
No items found.

twaicetech

TWAICE helped me to learn more about: read article here:

www.twaice.com/article/

#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

Download the full case study
ESS Battery Simulation Models
Featured Resources · Webinar

Unveiling the critical role of Simulation Models in ESS

As the world accelerates toward sustainable energy solutions, selecting the right cell is vital to ensure efficient performance, longevity & cost-effectiveness.

Free & On-Demand
View Webinar
Recent Posts:

Related Resources

Batteries and sustainability
June 28, 2024

Battery second life

Prolonging the lifespan of batteries through second life applications is a promising strategy to lower CO2 emissions. The battery second life ecosystem is manifold with diverse stakeholders including automotive OEMs, integrators, battery energy storage system (BESS) operators, insurance providers, battery cell manufacturers, recycling experts, and (technology) service providers. Among these, companies like TWAICE play a pivotal role by providing crucial analytics that guide the decision-making process in battery repurposing and reuse.
Battery Passport
June 28, 2024

EU Battery Passport: Performance and durability data

The EU Battery Passport is coming up. TWAICE is part of the Battery Pass Consortium and advises on the performance and durability parameters. This article summarizes the current landscape when it comes to the requirements for performance and durability data for the Battery Passport.
Electric Bus charging optimization
February 11, 2021

E-Bus Battery Optimization

The e-bus market is already moving fast in 2021. Established bus manufacturers are setting the pace. E-bus manufacturers are currently facing a plethora of questions and uncertainties. Major challenges include the development of the highly complex batteries, warranty management, sustainable fleet management and the issue of battery reuse and recycling.