The exploitation of renewable energy and the development of intelligent electricity network have become the main concerns worldwide. This paper aims to integrate renewable energy sources, local loads, and energy storage devices into smart microgrids. It proposes a new microgrid configuration required to realise high-performance of distributed generations and will realise innovative control tech...

The recent advances in the state of the art of storage technology have led to wider deployment of storage technologies. In this project we developed models and a simulation methodology for analyzing the effects of storage integration on transmission constrained electricity markets over longer-term periods. Our goal was to assess the use of storage as a system resource that provides the flexibil...

In this work, we study the profitability of energy storage operated in German electricity day-ahead market during 2006–2016. We build a linear optimization model which maximizes profits from arbitraging hourly prices and use outputs further econometric analyses. Among others find that wind generation drives cycles whereas solar reduces overall.

Electricity arbitrage involves the storage of energy at times when prices are low, and offering it on markets high. The development renewable technologies may provide a promising business opportunity for electricity arbitrage. In this regard, study analyses current viability (via Li-Ion batteries) using sample European countries in year 2019; where (day-ahead market) financial conditions show c...

In this paper, we investigate whether and under which conditions jointly owning a variable renewable source of electricity (VRES) an storage generates economies scope in competitive markets. Using simple stochastic optimization model that assumes frictionless markets, analytically show no economic benefit arises from combining the two assets. This finding is contradiction to large parts literat...

e electricity supply chain is changing, due to increasing awareness for sustainability and an improved energy e›ciency. e traditional infrastructure where demand is supplied by centralized generation is subject to a transition towards a Smart Grid. In this Smart Grid, sustainable generation from renewable sources is accompanied by controllable distributed generation, distributed storage and dem...