Rental strategy for energy storage to participate in frequency regulation market

Energy storage (ES) can help the renewable energy sources to smooth their output and enhance profits, which promotes installation of ES. However, it is inappropriate for small-scale communities (REC) invest costly ES, requests a new business model explore possibility rent ES more returns. This paper proposes an rental strategy REC participate in frequency regulation market (FRM). Firstly, FRM modelled considering capacity mileage price. Then, built costs using costs. The correlation with reserved through revenue FRM. operation method carried out maximise total profits REC. Finally, whole demonstrated has 35 MW photovoltaic 113 wind turbine. results show that under different prices, effectively choose optimal its mostly be raised by 19.63%.