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We consider the problem of characterizing the locational marginal value of energy storage capacity in electric power networks with stochastic renewable supply and demand. The perspective taken is that of a system operator, whose objective…

Optimization and Control · Mathematics 2016-12-07 Subhonmesh Bose , Eilyan Bitar

We investigate the problem of characterizing the economic value of energy storage capacity to a wind power producer (WPP) that sells its energy in a conventional two-settlement electricity market. The WPP can offer a forward contract to…

Optimization and Control · Mathematics 2018-10-01 Eilyan Bitar , Pramod Khargonekar , Kameshwar Poolla

We formulate the optimal placement, sizing and control of storage devices in a power network to minimize generation costs with the intent of load shifting. We assume deterministic demand, a linearized DC approximated power flow model and a…

Optimization and Control · Mathematics 2014-08-18 Christos Thrampoulidis , Subhonmesh Bose , Babak Hassibi

Mobile energy storage devices (MESDs) operate as medium- or large-sized batteries that can be loaded onto electric trucks and connected to charging stations to provide various ancillary services for distribution grids. This paper proposes a…

Systems and Control · Electrical Eng. & Systems 2019-11-20 Young-Jin Kim

This paper proposes a simple and flexible storage model for use in a variety of multi-period optimal power flow problems. The proposed model is designed for research use in a broad assortment of contexts enabled by the following key…

Systems and Control · Electrical Eng. & Systems 2020-05-01 Frederik Geth , Carleton Coffrin , David M Fobes

The fluctuations of electricity prices in demand response schemes and intermittency of renewable energy supplies necessitate the adoption of energy storage in microgrids. However, it is challenging to design effective real-time energy…

Data Structures and Algorithms · Computer Science 2017-09-25 Chi-Kin Chau , Guanglin Zhang , Minghua Chen

As distribution systems move towards being more actively managed there is increased potential for regional markets and the application of locational marginal prices (LMPs) to capture spatial variation in the marginal cost of electricity at…

Computational Engineering, Finance, and Science · Computer Science 2019-06-06 Calum Edmunds , Waqquas Bukhsh , Simon Gill , Stuart Galloway

This study addresses the transmission value of energy storage in electric grids. The inherent connection between storage and transmission infrastructure is captured from a "cumulative energy" perspective, which enables the reformulating of…

Systems and Control · Electrical Eng. & Systems 2024-07-15 Qian Zhang , P. R. Kumar , Le Xie

The problem of pricing utility-scale energy storage resources (ESRs) in the real-time electricity market is considered. Under a rolling-window dispatch model where the operator centrally dispatches generation and consumption under…

Systems and Control · Electrical Eng. & Systems 2021-01-26 Cong Chen , Lang Tong , Ye Guo

Electric power generation, transmission, and distribution systems are attracting a large amount of interest from researchers with the development of the smart grid technologies. A smart grid aims at effective control and conditioning of the…

Systems and Control · Electrical Eng. & Systems 2020-09-01 Abhishek Tyagi , Ram Bhagat

In order to increase the penetration of electric vehicles, a network of fast charging stations that can provide drivers with a certain level of quality of service (QoS) is needed. However, given the strain that such a network can exert on…

Optimization and Control · Mathematics 2014-06-20 I. Safak Bayram , George Michailidis , Michael Devetsikiotis , Fabrizio Granelli

The power networks are evolving with increased active components such as energy storage and flexibility derived from loads such as electric vehicles, heat pumps, industrial processes, etc. Better models are needed to accurately represent…

Systems and Control · Electrical Eng. & Systems 2024-09-13 Md Umar Hashmi , Dirk Van Hertem , Aleen van der Meer , Andrew Keane

This paper presents a method to determine the optimal location, energy capacity, and power rating of distributed battery energy storage systems at multiple voltage levels to accomplish grid control and reserve provision. We model…

Systems and Control · Electrical Eng. & Systems 2020-04-21 Stefano Massucco , Paola Pongiglione , Federico Silvestro , Mario Paolone , Fabrizio Sossan

The integration of large shares of electricity produced by non-dispatchable Renewable Energy Sources (RES) leads to an increasingly volatile energy generation side, with temporary local overproduction. The application of energy storage…

Optimization and Control · Mathematics 2016-03-14 Lars Siemer , Frank Schöpfer , David Kleinhans

In an isolated power grid or a micro-grid with a small carbon footprint, the penetration of renewable energy is usually high. In such power grids, energy storage is important to guarantee an uninterrupted and stable power supply for end…

Optimization and Control · Mathematics 2013-09-24 Peng Yang , Arye Nehorai

Large scale electricity storage is set to play an increasingly important role in the management of future energy networks. A major aspect of the economics of such projects is captured in arbitrage, i.e. buying electricity when it is cheap…

Optimization and Control · Mathematics 2015-05-25 James Cruise , Lisa Flatley , Richard Gibbens , Stan Zachary

Fair distribution of benefits in electric power systems is a pertinent energy policymaking problem; however, these efforts cannot be easily quantified in power system engineering studies. Therefore, we propose locational marginal burden…

Systems and Control · Electrical Eng. & Systems 2024-05-21 Samuel Talkington , Amanda West , Rabab Haider

The integration of intermittent and volatile renewable energy resources requires increased flexibility in the operation of the electric grid. Storage, broadly speaking, provides the flexibility of shifting energy over time; network, on the…

Optimization and Control · Mathematics 2015-04-23 Junjie Qin , Yinlam Chow , Jiyan Yang , Ram Rajagopal

Energy storage in data centers has mainly been used as devices to backup generators during power outages. Recently, there has been a growing interest in using energy storage devices to actively shape power consumption in data centers to…

Distributed, Parallel, and Cluster Computing · Computer Science 2016-06-07 Yuanyuan Shi , Bolun Xu , Baosen Zhang , Di Wang

A key obstacle to increasing renewable energy penetration in the power grid is the lack of utility-scale storage capacity. Transportation electrification has the potential to overcome this obstacle since Electric Vehicles (EVs) that are not…

Systems and Control · Electrical Eng. & Systems 2020-12-22 Bharadwaj Satchidanandan , Munther A. Dahleh
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