A stochastic sizing approach for sharing-based energy storage applications

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Bayram, Islam Safak and Abdallah, Mohamed and Tajer, Ali and Qaraqe, Khalid A. (2017) A stochastic sizing approach for sharing-based energy storage applications. IEEE Transactions on Smart Grid, 8 (3). pp. 1075-1084. ISSN 1949-3053 (https://doi.org/10.1109/TSG.2015.2466078)

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Abstract

In order to foster renewable energy integration, improve power quality and reliability, and reduce hydrocarbon emissions, there is a strong need to deploy energy storage systems (ESSs), which can provide a control medium for peak hour utility operations. ESSs are especially desirable at the residential level, as this sector has the most untapped demand response potential. However, considering their high acquisition, operation, and maintenance costs, isolated deployment of ESSs is not economically viable. Hence, this paper proposes a sharing-based ESS architecture, in which the demand of each customer is modeled stochastically and the aggregate demand is accommodated by a combination of power drawn from the grid and the storage unit when the demand exceeds grid capacity. The optimal size of ESSs is analyzed and an analytical method is developed for a group of customers with a single type of appliances. This framework is also extended to any network size with an arbitrary number of customers and appliance types, where the analytical method provides a tractable solution to the ESS sizing problem. Finally, a detailed cost-benefit analysis is provided, where the results indicate that sharing-based ESSs are practical and yield significant savings in terms of ESS size.

ORCID iDs

Bayram, Islam Safak ORCID logoORCID: https://orcid.org/0000-0001-8130-5583, Abdallah, Mohamed, Tajer, Ali and Qaraqe, Khalid A.;
  • Item type:Article
    ID code:70644
    Dates:
    Date
    Event
    31 May 2017
    Published
    21 August 2015
    Published Online
    30 July 2015
    Accepted
    Notes:© 2015 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
    Subjects:Technology > Electrical engineering. Electronics Nuclear engineering
    Department:Faculty of Engineering > Electronic and Electrical Engineering
    Depositing user: Pure Administrator
    Date deposited:26 Nov 2019 09:05
    Last modified:11 Nov 2024 12:31
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/70644
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