IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v17y2024i9p2026-d1382540.html
   My bibliography  Save this article

Value Evaluation Model of Multi-Temporal Energy Storage for Flexibility Provision in Microgrids

Author

Listed:
  • Zhe Chai

    (State Grid Henan Economic Research Institute, Zhengzhou 450052, China)

  • Yihan Zhang

    (State Grid Henan Economic Research Institute, Zhengzhou 450052, China)

  • Lanyi Wei

    (School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

  • Junhui Liu

    (State Grid Henan Economic Research Institute, Zhengzhou 450052, China)

  • Yao Lu

    (State Grid Henan Economic Research Institute, Zhengzhou 450052, China)

  • Chunzheng Tian

    (State Grid Henan Economic Research Institute, Zhengzhou 450052, China)

  • Zhaoyuan Wu

    (School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

Abstract

With the advancement of distributed power generation technology and the deepening of the low-carbon transformation of energy structure, a high proportion of renewable energy has become an inevitable trend in future energy systems, especially for microgrids. However, the volatility and uncertainty associated with renewable energy pose significant challenges to the secure and stable operation of power systems, necessitating the exploration of the flexible regulation of resources. Energy storage, as a crucial flexible resource characterized by technological diversity and a variety of regulation capabilities, has been extensively studied and applied. Nonetheless, the high investment costs and limited returns of energy storage technology, coupled with the ambiguous utility in different scenarios under the current electricity market’s framework, complicate its broader application. To thoroughly analyze the utility of energy storage in facilitating flexible adjustments in microgrids, this study developed a composite weight-TODIM (an acronym in Portuguese for interactive and multi-criteria decision making) model for assessing the utility of energy storage that incorporates heterogeneity in the risk preferences. This model enabled a comparative analysis of the utility of energy storage technology across multiple scenarios, taking the risk preferences of decision-makers into account, thereby providing strategic insights for the application of multi-temporal energy storage in microgrids. The feasibility and effectiveness of the model were validated through a case study analysis.

Suggested Citation

  • Zhe Chai & Yihan Zhang & Lanyi Wei & Junhui Liu & Yao Lu & Chunzheng Tian & Zhaoyuan Wu, 2024. "Value Evaluation Model of Multi-Temporal Energy Storage for Flexibility Provision in Microgrids," Energies, MDPI, vol. 17(9), pages 1-16, April.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:9:p:2026-:d:1382540
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/17/9/2026/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/17/9/2026/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pablo L. Tabosa da Silva & Pedro A. Carvalho Rosas & José F. C. Castro & Davidson da Costa Marques & Ronaldo R. B. Aquino & Guilherme F. Rissi & Rafael C. Neto & Douglas C. P. Barbosa, 2023. "Power Smoothing Strategy for Wind Generation Based on Fuzzy Control Strategy with Battery Energy Storage System," Energies, MDPI, vol. 16(16), pages 1-16, August.
    2. Ziad M. Ali & Martin Calasan & Shady H. E. Abdel Aleem & Francisco Jurado & Foad H. Gandoman, 2023. "Applications of Energy Storage Systems in Enhancing Energy Management and Access in Microgrids: A Review," Energies, MDPI, vol. 16(16), pages 1-41, August.
    3. Alvarez, Gonzalo E., 2020. "Operation of pumped storage hydropower plants through optimization for power systems," Energy, Elsevier, vol. 202(C).
    4. Llamazares, Bonifacio, 2018. "An analysis of the generalized TODIM method," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1041-1049.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gharibvand, Hossein & Gharehpetian, G.B. & Anvari-Moghaddam, A., 2024. "A survey on microgrid flexibility resources, evaluation metrics and energy storage effects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 201(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yang, Biao & Li, Deyou & Wang, Chuanchao & Zhang, Yi & Fu, Xiaolong & Wang, Hongjie, 2024. "Performance analysis of a novel multi-machine compensable pumped hydro compressed air energy storage system," Energy, Elsevier, vol. 310(C).
    2. Sakthivel, V.P. & Thirumal, K. & Sathya, P.D., 2022. "Short term scheduling of hydrothermal power systems with photovoltaic and pumped storage plants using quasi-oppositional turbulent water flow optimization," Renewable Energy, Elsevier, vol. 191(C), pages 459-492.
    3. Prasenjit Mandal & Leo Mrsic & Antonios Kalampakas & Tofigh Allahviranloo & Sovan Samanta, 2024. "Multicriteria Group Decision Making Based on TODIM and PROMETHEE II Approaches with Integrating Quantum Decision Theory and Linguistic Z Number in Renewable Energy Selection," Mathematics, MDPI, vol. 12(23), pages 1-27, November.
    4. He, Xianghui & Yang, Jiandong & Yang, Jiebin & Zhao, Zhigao & Hu, Jinhong & Peng, Tao, 2023. "Evolution mechanism of water column separation in pump turbine: Model experiment and occurrence criterion," Energy, Elsevier, vol. 265(C).
    5. Lingling Hu & Junming Zhou & Feng Jiang & Guangming Xie & Jie Hu & Qinglie Mo, 2023. "Research on Optimization of Valley-Filling Charging for Vehicle Network System Based on Multi-Objective Optimization," Sustainability, MDPI, vol. 16(1), pages 1-25, December.
    6. Irina Picioroaga & Madalina Luca & Andrei Tudose & Dorian Sidea & Mircea Eremia & Constantin Bulac, 2023. "Resilience-Driven Optimal Sizing of Energy Storage Systems in Remote Microgrids," Sustainability, MDPI, vol. 15(22), pages 1-16, November.
    7. Kedar Pandurang Joshi & Amol Dhaigude, 2021. "Revenue management for homestay with TODIM-integrated EMSR-b," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 20(2), pages 134-148, April.
    8. Víctor Blanco & Román Salmerón & Samuel Gómez-Haro, 2018. "A Multicriteria Selection System Based on Player Performance: Case Study—The Spanish ACB Basketball League," Group Decision and Negotiation, Springer, vol. 27(6), pages 1029-1046, December.
    9. Leoneti, Alexandre Bevilacqua & Gomes, Luiz Flavio Autran Monteiro, 2021. "Modeling multicriteria group decision making as games from enhanced pairwise comparisons," Operations Research Perspectives, Elsevier, vol. 8(C).
    10. Hamed Binqadhi & Waleed M. Hamanah & Md Shafiullah & Md Shafiul Alam & Mohammad M. AlMuhaini & Mohammad A. Abido, 2024. "A Comprehensive Survey on Advancement and Challenges of DC Microgrid Protection," Sustainability, MDPI, vol. 16(14), pages 1-22, July.
    11. Luo, Xiaolin & Huang, Li & Sui, Xin, 2025. "Capacity optimization of existing reservoir hydropower expansion and its impact on power system flexibility," Applied Energy, Elsevier, vol. 377(PD).
    12. Jingang Han & Shiwei Lin & Boyu Pu, 2024. "Hierarchical Energy Management of DC Microgrid with Photovoltaic Power Generation and Energy Storage for 5G Base Station," Sustainability, MDPI, vol. 16(6), pages 1-19, March.
    13. Zhao, Zhigao & Yang, Jiandong & Chung, C.Y. & Yang, Weijia & He, Xianghui & Chen, Man, 2021. "Performance enhancement of pumped storage units for system frequency support based on a novel small signal model," Energy, Elsevier, vol. 234(C).
    14. Yigit Kazancoglu & Cisem Lafci & Anil Kumar & Sunil Luthra & Jose Arturo Garza‐Reyes & Yalcin Berberoglu, 2024. "The role of agri‐food 4.0 in climate‐smart farming for controlling climate change‐related risks: A business perspective analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 2788-2802, May.
    15. Jefferson Costa & Maisa Silva, 2024. "Multicriteria Decision-Making in Public Security: A Systematic Review," Mathematics, MDPI, vol. 12(11), pages 1-21, June.
    16. Yuan Xu & Yun Li & Xiaogang Wang & Jianmin Zhang & Zhengxian Zhang, 2025. "Developing a Novel Robust Model to Improve the Accuracy of River Ecosystem Health Assessment in the Qinghai–Tibet Plateau," Sustainability, MDPI, vol. 17(5), pages 1-24, February.
    17. Jang, Dohyung & Cho, Hyun-Seok & Kang, Sanggyu, 2021. "Numerical modeling and analysis of the effect of pressure on the performance of an alkaline water electrolysis system," Applied Energy, Elsevier, vol. 287(C).
    18. Indre Siksnelyte-Butkiene & Dalia Streimikiene & Tomas Balezentis & Virgilijus Skulskis, 2021. "A Systematic Literature Review of Multi-Criteria Decision-Making Methods for Sustainable Selection of Insulation Materials in Buildings," Sustainability, MDPI, vol. 13(2), pages 1-21, January.
    19. Chen, Fei & Ding, Chen & Hu, Xiaoxi & He, Xianghui & Yin, Xiuxing & Yang, Jiandong & Zhao, Zhigao, 2025. "Tensor Poincaré plot index: A novel nonlinear dynamic method for extracting abnormal state information of pumped storage units," Reliability Engineering and System Safety, Elsevier, vol. 254(PB).
    20. Akan Narabin & Phairoj Samutrak, 2023. "Teaching assistant selection in Thailand by using an extended VIKOR based on piecewise linear approximation of fuzzy numbers," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 33(3), pages 89-104.

    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:gam:jeners:v:17:y:2024:i:9:p:2026-:d:1382540. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.