Related papers: Optimal scheduling of energy storage resources
Energy usage optimal scheduling has attracted great attention in the power system community, where various methodologies have been proposed. However, in real-world applications, the optimal scheduling problems require reliable energy…
The combined increase of energy demand and environmental pollution at a global scale is entailing a rethinking of the production models in sustainable terms. As a consequence, energy suppliers are starting to adopt strategies that flatten…
An increasing number of retail energy markets show price fluctuations, providing users with the opportunity to buy energy at lower than average prices. We propose to temporarily store this inexpensive energy in a battery, and use it to…
Economic withholding in electricity markets refers to generators bidding higher than their true marginal fuel cost, and is a typical approach to exercising market power. However, existing market designs require storage to design bids…
This paper addresses the problem of how best to coordinate, or `stack,' energy storage services in systems that lack centralized markets. Specifically, its focus is on how to coordinate transmission-level congestion relief with local,…
High penetrations of intermittent renewable energy resources in the power system require large balancing reserves for reliable operations. Aggregated and coordinated behind-the-meter loads can provide these fast reserves, but represent…
Energy storage can be used for many applications in the Smart Grid such as energy arbitrage, peak demand shaving, power factor correction, energy backup to name a few, and can play a major role at increasing the capacity of power networks…
Electrification of heavy-duty vehicles places substantial stress on distribution grids, and Charging Energy Hubs (CEHs) mitigate these impacts by integrating charging infrastructure with renewable energy sources and battery storage. Optimal…
Users can arbitrage against Time-of-Use (ToU) pricing with storage by charging in off-peak period and discharge in peak periods. In this paper we design the optimal control policy and the solve optimal investment for general ToU scheme. We…
This work studies synergies arising from combining industrial demand response and local renewable electricity supply. To this end, we optimize the design of a local electricity generation and storage system with an integrated demand…
This paper studies an optimal workload allocation problem for a network of renewable energy-powered edge clouds that serve users located across various geographical areas. Specifically, each edge cloud is furnished with both an on-site…
This paper presents a real time control strategy for dynamically balancing electric demand and supply at local level, in a scenario characterized by a HV/MV substation with the presence of renewable energy sources in the form of…
Electricity prices and the end user net load vary with time. Electricity consumers equipped with energy storage devices can perform energy arbitrage, i.e., buy when energy is cheap or when there is a deficit of energy, and sell it when it…
This paper investigates the energy management problem for multiple self-interested users, each with renewable energy generation as well as both the fixed and controllable loads, that all share a common energy storage system (ESS). The…
Time-of-use (ToU) pricing is widely used by the electricity utility. A carefully designed ToU pricing can incentivize end-users' energy storage deployment, which helps shave the system peak load and reduce the system social cost. However,…
Energy storage resources must consider both price uncertainties and their physical operating characteristics when participating in wholesale electricity markets. This is a challenging problem as electricity prices are highly volatile, and…
Energy storage has been proven to yield positive effects on planning, operation and control of electric grids. It has become a crucial task to properly model the energy storage systems (ESS) under the framework of grid optimization on…
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…
Constant rise in energy consumption that comes with the population growth and introduction of new technologies has posed critical issues such as efficient energy management on the consumer side. That has elevated the importance of the use…
As an environment-friendly substitute for conventional fuel-powered vehicles, electric vehicles (EVs) and their components have been widely developed and deployed worldwide. The large-scale integration of EVs into power grid brings both…