Overview
Project industry partner Geni.Energy would like to run a desktop modelling study which can reveal the operational and financial performance of a community battery. The modelling practices will require load and PV generation data from representative households as a minimum of one year for at least a couple hundred sites.
The community battery could be operated in several different ways; accessing different revenue streams. Potential revenue streams include the provision of network support, participation in spot and/or FCAS markets, the provision of virtual storage capacity to households and businesses with solar and the sale of stored electricity to any households or businesses. The modelling will compare these options and identify the circumstances in which different operational models are preferred. There are different payment models for how customers would use the community battery, some of which require tracking of electricity flows. The make-up of ideal community battery participants will be identified – number required to make it efficient, solar-only, solar and battery, or no solar. The impacts on customers are affected by the tariffs they are on, for both imported and exported electricity. The model will be able to individually track the financial flows to all stakeholders and so will be able to determine the financial impacts on Essential, Enova, Transgrid and each customer.
Funders
ARC Research Hub for Integrated Energy Storage Solutions and Australian Centre for Advanced Photovoltaics (ACAP)
List of researchers
Dr. Baran Yildiz (Lead CI)
Samhan Samhan
Siddharth Nair
Status
The project is completed.