Stochastic multi-stage multi-objective expansion of renewable resources and electrical energy storage units in distribution systems considering crypto-currency miners and responsive loads

Vahid Sohrabi Tabar, Hamidreza Banazadeh, Marcos Tostado-Véliz, Ahmad Rezaee Jordehi, Mohammad Nasir and Francisco Jurado

Renewable Energy, 2022, vol. 198, issue C, 1131-1147

Abstract: In order to mitigate the influence of global warming and greenhouse gasses emission, different proceedings are suggested such as utilizing renewable energies and demand response programs. This paper investigates the expansion of renewable resources and electrical energy storage units in distribution systems towards reducing investment costs and environmental pollution. Since the development of components is not possible in a single-stage due to the limitation of staff and funds, a multi-stage programming is applied to consider various restrictions. According to the penetration of crypto-currency miners in recent years, their impact is evaluated on the problem as the high-rate energy consumers. Moreover, the demand side management strategy and risk-averse scenario-based approach are implemented to analyze the role of responsive loads and model the renewable resources uncertainty, respectively. The results approve that simultaneous expansion of wind turbines, photovoltaics and electrical storage systems decreases the total pollution and cost by 100% and 99.98% after the third year, respectively. The simulations also validate that crypto-currency miners reduce the total revenue by 4.16%, whereas the responsive loads increase it by 9.89%. As well, the fluctuations of wind and solar power decrease the total revenue by 13.27%, in return, the robustness notably improves.

Keywords: Crypto-currency miners; Electrical storage systems; Multi-stage expansion; Renewable resources; Uncertainty management; Zero energy structure (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148122012940
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:renene:v:198:y:2022:i:c:p:1131-1147

DOI: 10.1016/j.renene.2022.08.119

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

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