Towards Financial Risk Management for Intermittent Renewable Generation with Battery Storage Henni, Sarah Staudt, Philipp Jaquart, Patrick Weinhardt, Christof 2020-12-24T19:40:47Z 2020-12-24T19:40:47Z 2021-01-05
dc.description.abstract As levelized costs of electricity for many renewable generation sources are continuing to fall and as feed-in tariffs are consequently being phased out, financial risk hedging for intermittent renewable generators takes a central stage. Battery storage as complementary capacity can support renewable generators regarding a more stable supply of electricity. In this study, we take first steps in modelling battery storage options as service products that are provided by battery storage operators to renewable generation operators. We model the situation theoretically, develop corresponding hedging strategies and apply the models to a fictional solar PV plant. The results show that battery storage options can reduce the risk for intermittent renewable generators and that the options can be financially beneficial for both the battery storage and the renewable capacity operator.
dc.format.extent 10 pages
dc.identifier.doi 10.24251/HICSS.2021.402
dc.identifier.isbn 978-0-9981331-4-0
dc.language.iso English
dc.relation.ispartof Proceedings of the 54th Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.subject Policy, Markets and Analytics
dc.subject risk hedging
dc.subject intermittent renewable generation
dc.subject battery storage
dc.subject storage as a service
dc.title Towards Financial Risk Management for Intermittent Renewable Generation with Battery Storage
prism.startingpage 3311
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