Incorporate robust optimization and demand defense for optimal planning of shared rental energy storage in multi-user industrial park

Y.X. Wang, J.J. Chen, Y.L. Zhao and B.Y. Xu

Energy, 2024, vol. 301, issue C

Abstract: The increasing uncertainty and volatility of net load caused by the high penetration of renewable energy leads to higher demand tariffs for industrial park and potentially impacts their economic benefits. To tackle these issues, this paper develops a novel business mode to enable rental energy storage sharing among multiple users within an industrial park, and propose a robust optimization and demand defense-based iterative bi-layer planning framework. The upper layer focuses on the maximization of the investment profitability of shared rental energy storage by developing a robust information gap decision theory optimization. Meanwhile, the lower layer is dedicated to enhancing the demand defense ability of shared rental energy storage in real-time operation through the formulation of a distributed model predictive control. After that, the synchronous alternating direction multiplier method with consistency theory is derived for solving the distributed optimization. Numerical results demonstrate that the proposed shared rental energy storage is 6.391% and 7.714% more economical than shared and self-built energy storage, respectively. Moreover, the iterative bi-layer planning enables flexible energy storage capacity configuration, reduces the impact of net load uncertainty, improves the ability of demand defense, and enhances the system’s overall economy.

Keywords: Bi-layer planning; Industrial park; Demand defense; Shared rental energy storage; Robust optimization (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:301:y:2024:i:c:s0360544224014944

DOI: 10.1016/j.energy.2024.131721

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