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Sizing and Management of Energy Storage Systems in Large-Scale Power Plants Using Price Control and Artificial Intelligence

Author

Listed:
  • Carlos García-Santacruz

    (Electronical Engineering Department, University of Seville, 41092 Seville, Spain)

  • Luis Galván

    (Electronical Engineering Department, University of Seville, 41092 Seville, Spain)

  • Juan M. Carrasco

    (Electronical Engineering Department, University of Seville, 41092 Seville, Spain)

  • Eduardo Galván

    (Electronical Engineering Department, University of Seville, 41092 Seville, Spain)

Abstract

Energy storage systems are expected to play a fundamental part in the integration of increasing renewable energy sources into the electric system. They are already used in power plants for different purposes, such as absorbing the effect of intermittent energy sources or providing ancillary services. For this reason, it is imperative to research managing and sizing methods that make power plants with storage viable and profitable projects. In this paper, a managing method is presented, where particle swarm optimisation is used to reach maximum profits. This method is compared to expert systems, proving that the former achieves better results, while respecting similar rules. The paper further presents a sizing method which uses the previous one to make the power plant as profitable as possible. Finally, both methods are tested through simulations to show their potential.

Suggested Citation

  • Carlos García-Santacruz & Luis Galván & Juan M. Carrasco & Eduardo Galván, 2021. "Sizing and Management of Energy Storage Systems in Large-Scale Power Plants Using Price Control and Artificial Intelligence," Energies, MDPI, vol. 14(11), pages 1-17, June.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:11:p:3296-:d:568911
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    References listed on IDEAS

    as
    1. Holger C. Hesse & Volkan Kumtepeli & Michael Schimpe & Jorn Reniers & David A. Howey & Anshuman Tripathi & Youyi Wang & Andreas Jossen, 2019. "Ageing and Efficiency Aware Battery Dispatch for Arbitrage Markets Using Mixed Integer Linear Programming †," Energies, MDPI, vol. 12(6), pages 1-28, March.
    2. Marija Miletić & Hrvoje Pandžić & Dechang Yang, 2020. "Operating and Investment Models for Energy Storage Systems," Energies, MDPI, vol. 13(18), pages 1-33, September.
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