Project Grant 2420988

Award Date 7/1/25
Completion Date 6/30/28
Dollars Obligated $350K
Federal Grant Program
47.049
Assistance Type
Project Grant
Place of Performance
Santa Barbara, CA 93106, USA
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This $350,000 federal Project Grant was awarded by the National Science Foundation (NSF) under the Mathematical and Physical Sciences (CFDA 47.049) program. The grant supports research to develop new tools and models for optimizing the dispatch, ancillary services bidding, and strategic interactions of battery energy storage systems (BESS) in modern power grids. The key products and services to be delivered include:

  1. New stochastic modeling frameworks for managing the short-term operation of single BESS units, their joint bidding for day-ahead and intra-day ancillary services and energy trading markets, and the aggregate behavior of competitive price-making BESS.

  2. Innovative algorithms for intra-day BESS management that account for operating-scale uncertainty in grids with high renewable energy penetration.

  3. Numeric algorithms and realistic-scale simulations to test the proposed mathematical frameworks, which draw on methods from quantitative finance and data-driven stochastic control.

The research activities aim to support an efficient, sustainable, and resilient power grid by providing tools to fairly incentivize private BESS operators to deliver valuable grid services. This 3-year award runs from July 2025 through June 2028.

Generated 4/29/25, 3:11 AM