Optimal Placement of Energy Storage and Wind Power under Uncertainty

Optimal Placement of Energy Storage and Wind Power under Uncertainty

Due to the rapid growth in the amount of wind energy connected to distribution grids, they are exposed to higher network constraints, which poses additional challenges to system operation. Based on regulation, the system operator has the right to curtail wind energy in order to avoid any violation of system constraints. Energy storage systems (ESS) are considered to be a viable solution to solv...

Optimal Wind Power Plant Bidding under Consideration of Storage

In this master thesis, a model is proposed to enable profitable market participation of wind power plants considering the availability of second-party owned energy storage. A novel concept of storage capacity reservations is presented using which the wind power producer hedges against wind outcomes which are unfavourable with respect to its day-ahead market bids. The idea that wind power produc...

Optimal Time to Invest Energy Storage System under Uncertainty Conditions

This paper proposes a model to determine the optimal investment time for energy storage systems (ESSs) in a price arbitrage trade application under conditions of uncertainty over future profits. The adoption of ESSs can generate profits from price arbitrage trade, which are uncertain because the future marginal prices of electricity will change depending on supply and demand. In addition, since...

Optimal planning and scheduling of energy hub in presence of wind, storage and demand response under uncertainty

Unit Commitment in Presence of Wind Power Plants and Energy Storage

As renewable energy increasingly penetrates into power grid systems, new challenges arise for system operators to keep the systems reliable under uncertain circumstances, while ensuring high utilization of renewable energy. This paper presents unit commitment (UC) which takes into account the volatility of wind power generation. The UC problem is solved with the forecasted intermittent wind pow...