Application of economic operation strategy on battery energy storage system at Jeju

Hwangbo, Seung-Wook; Kim, Beung-Jin; Kim, Jung-Han

doi:10.1109/isgt-la.2013.6554367

Cited by 11 publications

(2 citation statements)

References 21 publications

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“…As an important part of microgrid, energy storage equipment has the characteristics of absorbing dynamic power, which is generated by distributed generation, and release it timely [2, 3]. As the power buffer segment of microgrid, it can improve the power quality, optimise the operation of the system, and maintain the safe and stable operation of microgrid [4, 5]. In addition, the energy storage equipment can also satisfy the diversified demand of users, such as enhancing the reliability of power supply, reducing the power loss, being an uninterruptible power supply (UPS) [6].…”

Section: Introductionmentioning

confidence: 99%

Power requirement and control characteristics of energy storage equipment in a microgrid operating in island mode

Zhao

Zhou

2017

J. eng.

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Section: Introductionmentioning

confidence: 99%

Power requirement and control characteristics of energy storage equipment in a microgrid operating in island mode

Zhao

Zhou

2017

J. eng.

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“…Many problems related to the scheduling of the charging and discharging of an ESS have been studied recently [9,14,22,23,30]. Various optimization techniques can be applied to the operation of ESSs.…”

Section: Introductionmentioning

confidence: 99%

Charge Scheduling of an Energy Storage System under Time-of-Use Pricing and a Demand Charge

Yoon

Kim

2014

The Scientific World Journal

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A real-coded genetic algorithm is used to schedule the charging of an energy storage system (ESS), operated in tandem with renewable power by an electricity consumer who is subject to time-of-use pricing and a demand charge. Simulations based on load and generation profiles of typical residential customers show that an ESS scheduled by our algorithm can reduce electricity costs by approximately 17%, compared to a system without an ESS and by 8% compared to a scheduling algorithm based on net power.

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Cloud Energy Storage Based Embedded Battery Technology Architecture for Residential Users Cost Minimization

et al. 2022

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This paper presents a cloud energy storage (CES) architecture for reducing energy costs for residential microgrid users. The former of this article concentrates on identifying an appropriate battery technology from various battery technologies with the aid of a simulation study. The later part addresses the economic feasibility of the storage architecture with three different scenarios namely grid connected energy storage, distributed energy storage (DES) and CES. The performance of the proposed architecture has been evaluated by considering five residential users with suitable battery technology identified from the former part of the study. For the purpose of the analysis, PV and load profiles including seasonal effects and grid price were taken from IIT Mumbai, India and IEX portal, respectively. In addition, this article also examines the impact of increased number of users with CES. The value of this study is that the proposed CES architecture is capable of reducing the cost of electricity experienced by the user by 11.37% as compared to DES. With this, CES operator's revenue can be increased by 6.70% in summer and 16.97% in winter in the case of fixed number of users. Finally, based on the analysis and simulation results, this paper recommends CES with Li-ion battery technology for residential application.

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Application of economic operation strategy on battery energy storage system at Jeju

Cited by 11 publications

References 21 publications

Power requirement and control characteristics of energy storage equipment in a microgrid operating in island mode

Power requirement and control characteristics of energy storage equipment in a microgrid operating in island mode

Charge Scheduling of an Energy Storage System under Time-of-Use Pricing and a Demand Charge

Cloud Energy Storage Based Embedded Battery Technology Architecture for Residential Users Cost Minimization

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