The DOI matches its Crossref record; 15 of the 15 references it cites were found in a registry or an index.
Optimal Allocation of Energy Storage System for Risk Mitigation of DISCOs With High Renewable Penetrations
Abstract
Along with the increasing penetration of renewable energy, distribution system power flow may be significantly altered in terms of direction and magnitude. This will make delivering reliable power, on demand, a major challenge. In this paper, a novel battery energy storage system (BESS) based energy acquisition model is proposed for the operation of distribution companies (DISCOs) in regulating price or locational marginal price (LMP) mechanisms, while considering energy provision options within DISCO controlled areas. Based on this new model, a new battery operation strategy is proposed for better utilization of energy storage system (ESS) and mitigation operational risk from price volatility. Meanwhile, optimal sizing and siting decisions for BESS is obtained through a cost-benefit analysis method, which aims at maximizing the DISCO's profit from energy transactions, system planning and operation cost savings. The proposed energy acquisition model and ESS control strategy are verified on a modified IEEE 15-bus distribution network, and risk mitigation is also quantified in two different markets. The promising results show that the capacity requirement for ESS can be reduced and the operational risk can also be mitigated.
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Cited by
Zidar, M., Georgilakis, P. S., Hatziargyriou, N. D., Capuder, T., & Škrlec, D. (2016) · IET Generation, Transmission & Distribution · doi:10.1049/iet-gtd.2015.0447 · Cited by 275
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Wali, S. B., Hannan, M. A., Reza, M. S., Ker, P. J., Begum, R. A., Rahman, M. S. A., & Mansor, M. (2021) · Journal of Energy Storage · doi:10.1016/j.est.2021.102296 · Cited by 149
Bilayer multi-objective optimal allocation and sizing of electric vehicle parking garage
Faddel, S., Elsayed, A. T., & Mohammed, O. A. (2018) · IEEE Transactions on Industry Applications · doi:10.1109/tia.2018.2803151 · Cited by 38
The Comparative Study on the Li-S and Li-ion Batteries Cooperating with the Photovoltaic Array
Siczek, K., Siczek, K., Piersa, P., Adrian, Ł., Szufa, S., Obraniak, A., Kubiak, P., Zakrzewicz, W., & Bogusławski, G. (2020) · Energies · doi:10.3390/en13195109 · Cited by 10
Metadata
- Authors
- Zheng, Y., Dong, Z. Y., Luo, F. J., Meng, K., Qiu, J., & Wong, K. P.
- Venue
- IEEE Transactions on Power Systems
- Published
- 2014-01
- Volume
- 29
- Issue
- 1
- Pages
- 212-220
- ISSN
- 0885-8950 (ISSN-L)
- 1558-0679
- OpenAlex
- W2035144378
- Cited by
- 320
- References
- 15
- FWCI
- 14.38
- Type
- journal article
- Language
- en
- Open access
- closed
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- Zheng, Y., Dong, Z. Y., Luo, F. J., Meng, K., Qiu, J., & Wong, K. P. (2014). Optimal Allocation of Energy Storage System for Risk Mitigation of DISCOs With High Renewable Penetrations. IEEE Transactions on Power Systems. https://doi.org/10.1109/tpwrs.2013.2278850
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