Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce.
Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement.
- Provides integrated techno-economic analysis of energy storage systems and the energy markets
- Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market
- Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business
- Applies advanced methods to the economic integration of large-scale energy storage systems
- Develops an evaluation framework for energy market storage systems
Dr. Behnam Mohammadi-Ivatloo, PhD, is a Professor of sector coupling in energy systems at LUT University, Lappeenranta, Finland. He has a mix of high-level experience in research, teaching, administration and voluntary jobs at the national and international levels. He was PI or CO-PI in more than 20 externally funded research projects including grants from EU Horiozn and Business Finland. He is a Senior Member of IEEE since 2017 and a Member of the Governing Board of Iran Energy Association since 2013, where he was elected as President in 2019. He is Editor of IEEE Transactions on Power Systems and IEEE Transactions of Transportation Electrifications. His main areas of interest are integrated energy systems, sector coupling, renewable energies, energy storage systems, microgrids, and smart grids.
Amin Mohammadpour Shotorbani is a postdoctoral research fellow in energy systems at the University of British Columbia. He is interested in Smart Grid technologies and nonlinear control methods to microgrids, FACTS, VSC-HVDC, HV-MTDC Grid, Renewable Integration, WADC and WAMS. His experience includes designing robust adaptive nonlinear control using CLF, CVLF, SMC, TSMC, FOC, and developing adaptive observer techniques for power system applications. He has also been involved in the implementation of distributed optimization techniques and designing decentralized control for power system applications.
Amjad Anvari-Moghaddam PhD, SMIEEE, received the Ph.D. degree (Hons.) in Power Systems Engineering from the University of Tehran, in 2015. He is currently an Associate Professor and the vice leader of PESYS and iGRIDS research groups at the Department of Energy (AAU Energy), Aalborg University, where he is also the coordinator for the Integrated Energy Systems Laboratory (IES-Lab). He has published more than 200 technical articles, 4 books, and 8 book chapters. His research interests include planning, control, and operation management of microgrids, renewable/hybrid power systems, and integrated energy systems with appropriate market mechanisms. He was a recipient of the 2020 DUO-India Fellowship Award, the DANIDA Research Fellowship grant from the Ministry of Foreign Affairs of Denmark, in 2018, the IEEE-CS Outstanding Leadership Award 2018 (Halifax, Nova Scotia, Canada), and the 2017 IEEE-CS Outstanding Service Award (Exeter-UK).
