Linearized Physics-Based Lithium-Ion Battery Model for Power System Economic Studies

This paper proposes the linearized physics-based model of a lithium-ion battery that can be incorporated into the optimization framework for power system economic studies. The proposed model is a linear approximation of the single particle model and it allows to characterize dynamics of the physical processes inside the battery that impact the battery operation. There is a need for such model as a simplistic power-energy model that is widely employed in operation and planning studies with the lithium-ion battery energy storage system (LIBESS) results in infeasible operation and misleading economic assessment. The proposed linearized model is computationally beneficial compared with a recently used nonlinear physics-based model. The energy arbitrage application is used to assess the advantages of the proposed model over a simple power-energy model.