Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/3922
Title: Measuring the value of energy storage systems in a power network
Authors: Ağralı, Cansu
Gültekin, Hakan
Tekin, Salih
Öner, Nihat
19313
157107
Keywords: Renewable energy
Energy storage
Mixed integer linear programming
Heuristics
Issue Date: Sep-2020
Publisher: Elsevier Ltd.
Source: Agrali, C., Gultekin, H., Tekin, S., & Oner, N. (2020). Measuring the value of energy storage systems in a power network. International Journal of Electrical Power & Energy Systems, 120, 106022.
Abstract: The increased use of renewable generators and their intermittent behavior motivates network operators to deploy energy storage systems. In this study, energy storage types, locations, and capacities are optimized for a capacitated electric power network with renewable generation. Short term operational decisions that include charging/discharging schedules and capacity management of the storage systems are included in this optimization framework to capture hourly, daily, and seasonal fluctuations of the demand, renewable generation, and energy prices. A Mixed Integer Linear Programming (MILP) formulation is developed but because of the computational complexity, a mathematical programming based metaheuristic algorithm is proposed. With a numerical study, the proposed heuristic method is proved to be highly effective compared to the MILP formulation and an existing state of the art algorithm. The effects of storage installation costs, line capacities, demand and generation variance on the values of storage systems and on the installation decisions are analyzed through numerical studies.
URI: https://hdl.handle.net/20.500.11851/3922
https://doi.org/10.1016/j.ijepes.2020.106022
ISSN: 0142-0615
Appears in Collections:Endüstri Mühendisliği Bölümü / Department of Industrial Engineering
Malzeme Bilimi ve Nanoteknoloji Mühendisliği Bölümü / Department of Material Science & Nanotechnology Engineering
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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