IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v218y2023ics0960148123011862.html
   My bibliography  Save this article

Distributed energy storage system planning in relation to renewable energy investment

Author

Listed:
  • Tsao, Yu-Chung
  • Vu, Thuy-Linh

Abstract

In a microgrid, an efficient energy storage system is necessary to maintain a balance between uncertain supply and demand. Distributed energy storage system (DESS) technology is a good choice for future microgrids. However, it is a challenge in determining the optimal capacity, location, and allocation of storage devices (SDs) for a DESS. This paper proposes a two-stage approach to solve these SD decision-making problems in a microgrid. In the first stage, a continuous approximation approach was used to formulate the SD location, capacity, and renewable energy investment problems from a long-term perspective. In the second stage, the dispatch quantity problems are addressed to minimize the operational cost based on the results of Stage 1. Some examples and real data are used to illustrate the model and solution approaches. The results show that our approach can achieve the cost minimization. The optimal SD location and capacity strategy and the renewable energy investment level are close to the real data obtained from Liu et al. (2018) after 20 runs.

Suggested Citation

  • Tsao, Yu-Chung & Vu, Thuy-Linh, 2023. "Distributed energy storage system planning in relation to renewable energy investment," Renewable Energy, Elsevier, vol. 218(C).
    • Handle: RePEc:eee:renene:v:218:y:2023:i:c:s0960148123011862
    DOI: 10.1016/j.renene.2023.119271
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148123011862
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2023.119271?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:218:y:2023:i:c:s0960148123011862. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.