Stochastic optimal sizing of distributed energy resources for a cost-effective and resilient Microgrid

Di Wu, Xu Ma, Sen Huang, Tao Fu and Patrick Balducci

Energy, 2020, vol. 198, issue C

Abstract: Recent developments and advances in distributed energy resources (DERs) make them more affordable, accessible, and prevalent in microgrids. Research on designing and operating a microgrid with various DERs has received increasing attention during the past few years. This paper proposes a two-stage stochastic mixed-integer programming method for jointly determining optimal sizes of various DERs, considering both economic benefits and resilience performance. The proposed method explicitly models the interaction between DER sizing at the planning stage and hourly or sub-hourly microgrid dispatch at the operating stage in both grid-connected and island modes, considering stochastic grid disturbances, load, and renewable generation. A formulation method is then proposed to convert the stochastic sizing problem to an equivalent mix-integer linear programming problem, which can be efficiently solved even with a large number of system operating conditions. Using the proposed stochastic sizing method, a resource planning analysis for a military base in the U.S. is presented. It is found that the proposed method can effectively determine the optimal DER sizes to meet a required resilience goal at the maximum net-benefit. Impacts of several key factors including tariff rates, discount rate, and survivability level on optimal DER sizes are analyzed through case studies.

Keywords: Economic analysis; Energy storage systems; Distributed energy resources; Microgrid; Resilience; Stochastic programming (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544220303911
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:198:y:2020:i:c:s0360544220303911

DOI: 10.1016/j.energy.2020.117284

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().