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Research on Optimal Configuration and Economic Evaluation of User-Side Energy Storage

In: Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

Author

Listed:
  • Yifan Ding

    (State Grid Energy Research Institute, State Grid Corporation of China)

  • Binbin Wang

    (State Grid Energy Research Institute, State Grid Corporation of China)

Abstract

The user-side energy storage plays an increasingly important role in the development of the power grid. This paper focuses on the user-side energy storage configuration strategy and the economic evaluation of energy storage projects. The optimal model of the user-side photovoltaic energy storage system is established in this paper, with the solution of the particle swarm optimization algorithm. The results illustrate that configuration of the user-side energy storage system has good economy when the electricity price has obvious peak-valley difference.

Suggested Citation

  • Yifan Ding & Binbin Wang, 2024. "Research on Optimal Configuration and Economic Evaluation of User-Side Energy Storage," Advances in Economics, Business and Management Research, in: Suhaiza Hanim Binti Dato Mohamad Zailani & Kosga Yagapparaj & Norhayati Zakuan (ed.), Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), pages 1137-1148, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-256-9_114
    DOI: 10.2991/978-94-6463-256-9_114
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