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IEEE P2814 Recommended Practices on Techno-economics Terminology for Hybrid Energy and Storage Systems Date: August 14, 2019 Time: 10:00 (EDT) Venue: join.me

IEEE P2814 Recommended Practices on Techno-economics

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Page 1: IEEE P2814 Recommended Practices on Techno-economics

IEEE P2814

Recommended Practices on

Techno-economics Terminology for Hybrid

Energy and Storage Systems

Date: August 14, 2019

Time: 10:00 (EDT)

Venue: join.me

Page 2: IEEE P2814 Recommended Practices on Techno-economics

Agenda

1. Call to Order

2. Roll call of individuals & declaration of affiliation (working group establishment)

3. Approval of agenda

4. IEEE Patent Policy

5. Review of PAR

6. Appointment of officers (Vice-Chair and Secretary)

7. WG Policies and Procedures (P&P)

8. AOB

9. Future meetings

10. Meeting adjourned

Page 3: IEEE P2814 Recommended Practices on Techno-economics

Participants have a duty to inform the IEEE• Participants shall inform the IEEE (or cause the IEEE to be informed) of the

identity of each holder of any potential Essential Patent Claims of which they are personally aware if the claims are owned or controlled by the participant or the entity the participant is from, employed by, or otherwise represents

• Participants should inform the IEEE (or cause the IEEE to be informed) of the identity of any other holders of potential Essential Patent Claims

Early identification of holders of potential Essential Patent Claims is encouraged

Slide #1

Page 4: IEEE P2814 Recommended Practices on Techno-economics

Ways to inform IEEE

• Cause an Letters of Assurance (LOA) to be submitted to the IEEE-SA ([email protected]); or

• Provide the chair of this group with the identity of the holder(s) of any and all such claims as soon as possible; or

• Speak up now and respond to this Call for Potentially Essential Patents

If anyone in this meeting is personally aware of the holder of any patent claims that are potentially essential to implementation of the proposed standard(s) under consideration by this group and that are not already the subject of an Accepted Letter of Assurance, please respond at this time by providing relevant information to the WG Chair

Slide #2

Page 5: IEEE P2814 Recommended Practices on Techno-economics

Other guidelines for IEEE WG meetings

• All IEEE-SA standards meetings shall be conducted in compliance with all applicable laws, including antitrust and competition laws.

• Don’t discuss the interpretation, validity, or essentiality of patents/patent claims.

• Don’t discuss specific license rates, terms, or conditions.

• Relative costs of different technical approaches that include relative costs of patent licensing terms may be discussed in standards development meetings.

• Technical considerations remain the primary focus

• Don’t discuss or engage in the fixing of product prices, allocation of customers, or division of sales markets.

• Don’t discuss the status or substance of ongoing or threatened litigation.

• Don’t be silent if inappropriate topics are discussed … do formally object.---------------------------------------------------------------

For more details, see IEEE-SA Standards Board Operations Manual, clause 5.3.10 and Antitrust and Competition Policy: What You Need to Know at

http://standards.ieee.org/develop/policies/antitrust.pdf

Slide #3

Page 6: IEEE P2814 Recommended Practices on Techno-economics

Patent-related information

The patent policy and the procedures used to execute that policy are documented in the:

• IEEE-SA Standards Board Bylaws(http://standards.ieee.org/develop/policies/bylaws/sect6-7.html#6)

• IEEE-SA Standards Board Operations Manual(http://standards.ieee.org/develop/policies/opman/sect6.html#6.3)

Material about the patent policy is available at http://standards.ieee.org/about/sasb/patcom/materials.html

If you have questions, contact the IEEE-SA Standards Board Patent Committee Administrator at [email protected]

Slide #4

Page 7: IEEE P2814 Recommended Practices on Techno-economics

Working Group

• Sponsoring Society and Committee:

• IEEE Systems, Man and Cybernetics Society

• Sponsor Chair: Prof Loi Lei Lai (P. R. China)

• WG Chair: Dr Chun Sing Lai (UK)

• WG Vice Chair: Vacant

• WG Secretary: Vacant

• IEEE Program Manager: Ms Christy Bahn (USA)

Page 8: IEEE P2814 Recommended Practices on Techno-economics

Biography

Previous Experience

• DPhil in Engineering Science, University of Oxford, UK

Thesis title: “Hybridisation of high penetration photovoltaic,anaerobic digestion biogas power plant and electrical energystorage”

• BEng (1st Hons) in Electronic and Electrical Engineering,Brunel University London, UK

Current Employment

• Energy Storage Economics Research Fellow, Faulty ofEngineering, University of Leeds

• Visiting Research Fellow, School of Automation, GuangdongUniversity of Technology, P. R. China

Page 9: IEEE P2814 Recommended Practices on Techno-economics

Why this Standard?

Page 10: IEEE P2814 Recommended Practices on Techno-economics

IEEE Standards on Energy Storage

• IEEE 1679-2010 - IEEE Recommended Practice for theCharacterization and Evaluation of Emerging EnergyStorage Technologies in Stationary Applications:provides a common basis for the expression ofperformance characteristics and the treatment of life-testing data

• IEEE 2030.2-2015 - IEEE Guide for the Interoperabilityof Energy Storage Systems Integrated with theElectric Power Infrastructure: provides useful industry-derived definitions for ESS characteristics, applications,and terminology that, in turn, simplify the task of definingsystem information and communications technology (ICT)requirements.

Page 11: IEEE P2814 Recommended Practices on Techno-economics

IEEE Standards on Energy Storage

• P1547.9 - Guide to Using IEEE Standard 1547 for

Interconnection of Energy Storage Distributed Energy

Resources with Electric Power Systems: provides

information on and examples of how to apply the IEEE

Std 1547, for the interconnection of Energy Storage

Distributed Energy Resources

• P2686 - Recommended Practice for Battery

Management Systems in Energy Storage

Applications: includes information on the design,

installation, and configuration of battery management

systems in stationary applications, including both grid-

interactive, standalone cycling and standby modes

Page 12: IEEE P2814 Recommended Practices on Techno-economics

Purpose

• There is no consistent definition of techno-economic

terms that have arisen in the evolution of renewable

energy and electrical energy storage systems

• There is a need to define techno-economic terminology

so that stakeholders can use a common language when

planning standards and for understanding published

industrial and technical reports

• This standard is intended to serve as a basic reference

for policy makers, developers, and users of such

systems, for planning industry standards, and for the

interpretation of published technical and industrial reports

Page 13: IEEE P2814 Recommended Practices on Techno-economics

Scope

• This standard defines techno-economic terminologies

used in the development, construction, and operation

of renewable energy and electrical energy storage

systems

Page 14: IEEE P2814 Recommended Practices on Techno-economics

My research works related to this

standardFinancing + techno-economics (Now)

• Lai, C.S., Locatelli, G., Pimm, A., Tao, Y., Li, X. and Lai, L.L., 2019. A financial model forlithium-ion storage in a photovoltaic and biogas energy system. Applied Energy, 251,p.113179.

Techno-economics (DPhil/PhD era)

• Lai, C.S., Jia, Y., Xu, Z., Lai, L.L., Li, X., Cao, J. and McCulloch, M.D., 2017. Levelized cost ofelectricity for photovoltaic/biogas power plant hybrid system with electrical energy storagedegradation costs. Energy Conversion and Management, 153, pp.34-47.

• Lai, C.S., Jia, Y., Lai, L.L., Xu, Z., McCulloch, M.D. and Wong, K.P., 2017. A comprehensivereview on large-scale photovoltaic system with applications of electrical energystorage. Renewable and Sustainable Energy Reviews, 78, pp.439-451.

• Lai, C.S. and McCulloch, M.D., 2017. Levelized cost of electricity for solar photovoltaic andelectrical energy storage. Applied Energy, 190, pp.191-203.

• Lai, C.S. and McCulloch, M.D., 2016. Sizing of stand-alone solar PV and storage system withanaerobic digestion biogas power plants. IEEE Transactions on Industrial Electronics, 64(3),pp.2112-2121.

Google scholar: https://scholar.google.com/citations?user=YKqxWgYAAAAJ&hl=en&oi=ao

Page 15: IEEE P2814 Recommended Practices on Techno-economics

Traditional vs Future Power Generation

Page 16: IEEE P2814 Recommended Practices on Techno-economics

A simple example

Page 17: IEEE P2814 Recommended Practices on Techno-economics

Techno-economic metrics

• Levelized cost of energy/electricity (LCOE) (Since 1980s?)

LCOE =Lifetime cost

Lifetime energy production

Cost: fixed and variable cost

Capital cost, fixed, and variable (operating and maintenance)

Energy: capacity factor or annual average

• Levelized cost of storage (LCOS) (Since 2015?)

Organizations adopted: Lazard and NREL

Issue: a simple variation of the LCOE. This requires more

thoughts!

Page 18: IEEE P2814 Recommended Practices on Techno-economics

Why we need a new standard on techno-

economic metrics?• Energy infrastructure is transforming

• Energy storage systems provide a range of services to

generate revenue, create savings, and improve electricity

resiliency. Not reflected in the techno-economic studies

• Co-location of generation and energy storage, a unified

techno-economic metric?

Page 19: IEEE P2814 Recommended Practices on Techno-economics

P2814 status

• IMPORTANT DATES

• PAR Request Date:14 Feb 2019

• PAR Approval Date: 21 May 2019

• PAR Expiration Date: 31 Dec 2023

Page 20: IEEE P2814 Recommended Practices on Techno-economics

Vacant voluntary positions available

• Vice Chair: assists the Chair in all areas, including

running the meeting when the Chair is absent or wishes to

recuse themselves.

• Secretary: serves as record keeper, taking and

maintaining minutes of meetings, lists of action items, and

rosters of attendees. The Secretary may also send out

mailings of minutes, papers, and drafts to the committee.

Ref: https://standards.ieee.org/develop/mobilizing-working-

group/governedwg.html

Page 21: IEEE P2814 Recommended Practices on Techno-economics

Tasks

• Complete WG Policies and Procedures (based on IEEE

templates): these Policies and Procedures outline the

orderly transaction of business by the IEEE P2814

Working Group, hereinafter referred to as “the Working

Group”. Also affirms the responsibilities of the volunteers

(e.g. Chair, Vice-Chair, and Secretary)

• Initial Draft document – (important to establish the ideas

that fired the proposal)

• Meeting (join me, approx. every 1-2 months)

Page 22: IEEE P2814 Recommended Practices on Techno-economics

Conclusion

• We will send to all the participants a brief survey that will

help us to define the role in the WG

• Send us your interest in volunteering positions (personal

statement and CV)

• AOB

• Schedule of the next teleconference: 6th-9th Oct 2019

IEEE SMC 2019, Time TBD

• Thank you for your interest and participation in this WG!

Page 23: IEEE P2814 Recommended Practices on Techno-economics

Chun Sing Lai, WG Chair

[email protected]

Contacts