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Optimized Power and Capacity Configuration Strategy of a Grid-Side Energy Storage System for Peak Regulation

Author

Listed:
  • Feng Guo

    (Taizhou Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Taizhou 318000, China)

  • Jian Li

    (Taizhou Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Taizhou 318000, China)

  • Chi Zhang

    (Taizhou Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Taizhou 318000, China)

  • Yizhi Zhu

    (Taizhou Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Taizhou 318000, China)

  • Caiyang Yu

    (Taizhou Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Taizhou 318000, China)

  • Qingsong Wang

    (School of Electrical Engineering, Southeast University, Nanjing 210096, China)

  • Giuseppe Buja

    (Department of Industrial Engineering, University of Padova, 35131 Padova, Italy)

Abstract

The optimal configuration of the rated capacity, rated power and daily output power is an important prerequisite for energy storage systems to participate in peak regulation on the grid side. Economic benefits are the main reason driving investment in energy storage systems. In this paper, the relationship between the economic indicators of an energy storage system and its configuration is first analyzed, and the optimization objective function is formulated. Then, according to the objective limitations of the energy storage system configuration and operation, the constraints are formulated. A set of typical parameters is selected, and the CPLEX (IBM ILOG CPLEX Optimization Studio) solver is used in MATLAB to solve the optimal configuration results. Several sets of optimization results are obtained by taking different subjective coefficient β values, and the economic and social benefits of the optimization results are analyzed. When the economic benefits of the energy storage system are more important, the value of β needs to be smaller, such as a value of 1000. Conversely, when the peak-regulation effect is more important, the value of β should be larger. Finally, configuration results of the control groups are given, and the effect of optimizing the calculation for improving economic benefits is verified.

Suggested Citation

  • Feng Guo & Jian Li & Chi Zhang & Yizhi Zhu & Caiyang Yu & Qingsong Wang & Giuseppe Buja, 2023. "Optimized Power and Capacity Configuration Strategy of a Grid-Side Energy Storage System for Peak Regulation," Energies, MDPI, vol. 16(15), pages 1-13, July.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:15:p:5644-:d:1203822
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    References listed on IDEAS

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    1. Athinarayanan Balasankar & Sathya Elango Arthiya & Subramaniyan Ramasundaram & Paramasivam Sumathi & Selvaraj Arokiyaraj & Taehwan Oh & Kanakaraj Aruchamy & Ganesan Sriram & Mahaveer D. Kurkuri, 2022. "Recent Advances in the Preparation and Performance of Porous Titanium-Based Anode Materials for Sodium-Ion Batteries," Energies, MDPI, vol. 15(24), pages 1-16, December.
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