 Distributed energy storage system planning in relation to renewable energy investmentYu-Chung Tsao and Thuy-Linh Vu Renewable Energy, 2023, vol. 218, issue C Abstract: In a microgrid, an efficient energy storage system is necessary to maintain a balance between uncertain supply and demand. Distributed energy storage system (DESS) technology is a good choice for future microgrids. However, it is a challenge in determining the optimal capacity, location, and allocation of storage devices (SDs) for a DESS. This paper proposes a two-stage approach to solve these SD decision-making problems in a microgrid. In the first stage, a continuous approximation approach was used to formulate the SD location, capacity, and renewable energy investment problems from a long-term perspective. In the second stage, the dispatch quantity problems are addressed to minimize the operational cost based on the results of Stage 1. Some examples and real data are used to illustrate the model and solution approaches. The results show that our approach can achieve the cost minimization. The optimal SD location and capacity strategy and the renewable energy investment level are close to the real data obtained from Liu et al. (2018) after 20 runs. Keywords: OR in energy; Energy storage; Renewable energy investment; Location; Allocation; Microgrid (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:218:y:2023:i:c:s0960148123011862 DOI: 10.1016/j.renene.2023.119271 Access Statistics for this article Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides More articles in Renewable Energy from Elsevier |
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