F.-Javier Heredia - Academic web site

Publication Type	Conference Paper
Year of Publication	2017
Authors	F.-Javier Heredia; Marlyn D. Cuadrado
Conference Name	WindFarms 2017
Conference Date	31/05-02/06/2017
Conference Location	Madrid, Spain
Type of Work	Invited presentation
Key Words	research; wind farms; Ion-Li battery; multistage stochastic programming; stochastic programming
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Last September 16 2016 Mr Maksims Sisovs, student of the "KIC InnoEnergy" Master of Science in Smart Electrical Networks and Systems defended their MSc Thesis A Study on Feasibility of the Distributed Battery Energy Storage Systems in Spanish Retail Electricity Market. This project was proposed by Minsait, an advanced technological consultancy from the Indra's group, and developed under my academical supervision. The objective of the study was to analyse the business opportunity of distributed battery energy storage systems deployed in residential neighbourhoods (LiIon batteries, both static devices and mobile through electrical vehicle). The methodology applied was based on the adaptation of the mathematical optimization model presented in the paper Economic analysis of battery electric storage systems operating in electricity markets (Heredia et al. 2015) to the data of the smart meters deployed by several electrical utilities (more than 20 millions of consumption readings). This work deserved the maximum grade, A+ with honours.

Publication Type	Tesis de Grau i Màster // BSc and MSc Thesis
Year of Publication	2016
Authors	Maksims Sisovs
Director	F.-Javier Heredia
Tipus de tesi	MSc Thesis
Titulació	"KIC InnoEnergy" Master of Science in Smart Electrical Networks and Systems
Centre	Escola Tècnica Superior d'Enginyeria Industrial de Barcelona (ETSEIB)
Data defensa	16/09/2016
Nota // mark	10 MH (A+ with honours)
Key Words	teaching; BEES; battery energy storage systems; electrical vehicle; smart meters; retail energy market; MSc Thesis
Abstract	The main focus of this master thesis project is to evaluate the economic, technical and regulatory feasibility of distributed battery energy storage systems (BESS) and the potential opportunity of electricity companies to increase their prots through advanced operation in energy services, such as electric energy time-shift, ancillary or electric vehicle incentives in Spanish electricity market. To assess the feasibility, an optimization tool has been developed. This tool simulates energy trading between different market participants with particular features extracted from data analysis and literature. Load consumption proles had been developed from smart meter real data by applying several data mining techniques. This part had been guided by external collaborating entity Minsait. Electricity market analysis includes the overview of its functionality principles and regulatory side regarding storage adaptation and specific service applicability. Market historical prices were used for further electricity trading simulation. A brief technical insight explains current storage situation and tells about high-potential technologies in emerging markets. Benchmark analysis covers several products of battery manufacturers with relevant technical and price information. Spanish electricity market showed low adaptability to distributed BESS solutions: energy arbitrage incomes have resulted being insuficient. Ancillary services, despite promising economic gures, are to a large extent prohibited to be provided by distributed storage. Electric vehicle incentives, though, resulted being of a high interest due to absence of direct investment.
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Publication Type	Conference Paper
Year of Publication	2016
Authors	F.-Javier Heredia; Cristina Corchero; Marlyn D. Cuadrado
Conference Name	28th European Conference on Operational Research
Series Title	Conference Handbook
Pagination	322
Conference Date	3-6/07/2016
Conference Location	Poznan, Poland
Type of Work	contributed presentation.
Key Words	research; VPP; wind generation; battery energy storage system; stochastic programming; electricity market; optimal bid
Abstract	The recent cost reduction and technologic advances in medium to large scale Battery Energy Storage Systems (BESS) makes these devices a real choice alternative for wind producers operating in electricity markets. The association of a wind power farm with a BESS (the so called Virtual Power Plant VPP) provides utilities with a tool to turn the uncertainty wind power production into a dispatchable technology enabled to operate not only in the spot and adjustment markets (day-ahead and intraday markets) but also in ancillary services markets that, up to now, was forbidden to non-dispatchable technologies. Even more, recent studies have shown that the capital cost investment in BESS can only be recovered through the participation of such a VPP in the ancillary services markets. We present in this study a stochastic programming model to find the optimal participation of a VPP to the day-ahead market and secondary reserve markets (the most relevant ancillary service market) where the uncertainty in wind power generation and markets prices (day-ahead ancillary services) has been considered. A case study with real data from the Iberian Electricity Market is presented.
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Publication Type	Proceedings Article
Year of Publication	2015
Authors	F.-Javier Heredia; Jordi Riera; Montserrat Mata; Joan Escuer; Jordi Romeu
Conference Name	12th International Conference on the European Energy Market (EEM15)
Pagination	1- 5
Conference Start Date	19/05/2015
Publisher	IEEE
Conference Location	Lisbone, Portugal.
ISBN Number	978-1-4673-6692-2/15
Key Words	virtual power plants; energy economy; battery energy storage systems; electricity markets; SAS/OR; wind power; research; paper
Abstract	Battery electric storage systems (BESS) in the range of 1-10 MWh is a key technology allowing a more efficient operation of small electricity market producer. The aim of this work is to assess the economic viability of Li-ion based BESS systems for small electricity producers. The results of the ex-post economic analysis performed with real data from the Iberian Electricity Market shows the economic viability of a Li-ion based BESS thanks to the optimal operation in day-ahead and ancillary electricity markets.
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DOI	10.1109/EEM.2015.7216739
Preprint	http://hdl.handle.net/2117/82524
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Publication Type	Conference/School/Seminar attendance
Year of Publication	2015
Authors	F.-Javier Heredia
Event Type	Seminar
Conference Organiser	Fundación gas Natural fenosa
Conference Dates	17/02/2015
Conference Location	Madrid, Spain
Key Words	research; MTM2013-48462-C2-1; electricity storage systems
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Publication Type	Conference Paper
Year of Publication	2015
Authors	F.-Javier Heredia; Jordi Riera; Montserrat Mata; Joan Escuer; Jordi Romeu
Conference Name	12th International Conference on the European Energy Market
Conference Date	19-22/05/2015
Conference Location	Lisbon, Portugal
Type of Work	contributed presentation
Key Words	research; MTM2013-48462-C2-1; battery electricity storage systems; electricity markets; day-ahead market; secondary reserve market; SAS/OR; wind power plants; energy economy; virtual power plant
Abstract	Battery electric storage systems (BESS) in the range of 1-10 MWh is a key technology allowing a more efficient operation of small electricity market producer. The aim of this work is to assess the economic viability of Li-ion based BESS systems for small electricity producers. The results of the ex-post economic analysis performed with real data from the Iberian Electricity Market shows the economic viability of a Li-ion based BESS thanks to the optimal operation in day-ahead and ancillary electricity markets.
URL	Click Here
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