Related papers: Cost Minimizing Online Algorithms for Energy Stora…
This paper proposes online algorithms for dynamic matching markets in power distribution systems, which at any real-time operation instance decides about matching -- or delaying the supply of -- flexible loads with available renewable…
Demand response management has become one of the key enabling technologies for smart grids. Motivated by the increasing demand response incentives offered by service operators, more customers are subscribing to various demand response…
We consider allocation problems that arise in the context of service allocation in Clouds. More specifically, we assume on the one part that each computing resource is associated to a capacity constraint, that can be chosen using Dynamic…
This paper presents a computation-efficient stochastic dynamic programming algorithm for solving energy storage price arbitrage considering variable charge and discharge efficiencies. We formulate the price arbitrage problem using…
Recent studies show that the fast growing expansion of wind power generation may lead to extremely high levels of price volatility in wholesale electricity markets. Storage technologies, regardless of their specific forms e.g. pump-storage…
It is likely that electricity storage will play a significant role in the balancing of future energy systems. A major challenge is then that of how to assess the contribution of storage to capacity adequacy, i.e. to the ability of such…
In this study, an optimization problem is proposed in order to obtain the maximum economic benefit from wind farms with variable and intermittent energy generation in the day ahead and balancing electricity markets. This method, which is…
With the rapid growth in renewable energy and battery storage technologies, there exists significant opportunity to improve energy efficiency and reduce costs through optimization. However, optimization algorithms must take into account the…
With increasingly favorable economics and bundling of different grid services, energy storage systems (ESS) are expected to play a key role in integrating renewable generation. This work considers the coordination of ESS owned by customers…
This work proposes a conformal approach for energy storage arbitrage to control the downside risk arising from imperfect price forecasts. Energy storage arbitrage relies solely on predictions of future market prices, while inaccurate price…
In this letter, we address the problem of controlling energy storage systems (ESSs) for arbitrage in real-time electricity markets under price uncertainty. We first formulate this problem as a Markov decision process, and then develop a…
In this paper we provide non-simultaneous charging and discharging guarantees for a linear energy storage system (ESS) model for a model predictive control (MPC) based home energy management system (HEMS) algorithm. The HEMS optimally…
The microgrids design for remote locations represents one of the most important and critical applications of the microgrid concept. It requires the correct sizing and the proper utilization of the different sources to guarantee the…
The large-scale integration of plug-in electric vehicles (PEVs) to the power grid spurs the need for efficient charging coordination mechanisms. It can be shown that the optimal charging schedule smooths out the energy consumption over time…
Flexible loads, i.e. the loads whose power trajectory is not bound to a specific one, constitute a sizable portion of current and future electric demand. This flexibility can be used to improve the performance of the grid, should the right…
This paper studies the problem of stochastic dynamic pricing and energy management policy for electric vehicle (EV) charging service providers. In the presence of renewable energy integration and energy storage system, EV charging service…
Battery energy storage is an essential component of a microgrid. The working temperature of the battery is an important factor as a high-temperature condition generally increases losses, reduces useful life, and can even lead to fire…
In response to the increasing deployment of battery storage systems for cost reduction and grid stress mitigation, this study presents the development of a new real-time Markov decision process model to efficiently schedule battery systems…
This work considers energy management in a grid-connected microgrid which consists of multiple conventional generators (CGs), renewable generators (RGs) and energy storage systems (ESSs). A two-stage optimization approach is presented to…
In this paper, we propose a model of decentralized energy storages, who serve as instruments to shift energy supply intertemporally. From storages' perspective, we investigate their optimal buying or selling decisions under market…