Cloud Energy Storage Investment by Collaboration of Microgrids for Profit and Reliability Enhancement Considering a TSO-DSO Yearly Reward

Haghighi, Rouzbeh; Jalalzad, Seyed Hamed; Salehizadeh, Mohammad Reza; Alhelou, Hassan Haes; Siano, Pierluigi

doi:10.1109/access.2023.3252900

Cited by 8 publications

(4 citation statements)

References 59 publications

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“…This integration of energy storage with demand-side resources presents numerous opportunities for a more sustainable and resilient energy system in the future. In a study by [89], the authors proposed a framework where neighboring microgrids form a multi-microgrid (multi-MG) to install a shared Cloud Energy Storage (CES) with the aim of increasing profit and improving reliability. They went further to evaluate different investment scenarios, considering the yearly reward from Transmission System Operators (TSO) and Distribution System Operators (DSO), and provided a decision table for selecting the best investment scenario.…”

Section: Energy Storage For Demand-side Resourcesmentioning

confidence: 99%

A Review of Demand-Side Resources in Active Distribution Systems: Communication Protocols, Smart Metering, Control, Automation, and Optimization

Ratshitanga,

Orumwense,

Krishnamurthy

et al. 2023

Applied Sciences

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Power systems have been going through a barrage of transformations due to the recent developments in the field, such as deregulation and restructuring of the electric power supply chain, the proliferation of distributed generation (DG), and advancements in information and communications technologies. These have significantly impacted the approach to the planning, design, and operation of active distribution networks or systems. Due to this constant change, the system has become more complex to plan, maintain, and control. In this paper, the benefits and challenges of active distribution systems relative to traditional passive and active distribution systems are evaluated and investigated while the management and operational characteristics of demand-side resources in active distribution systems (ADS) are studied. In a typical ADS, there exist several vulnerabilities and threats that eventually pose a challenge in the control and automation of substations. These vulnerabilities and threats are reviewed, and potential mitigation measures are suggested. Also in this paper, the communication technologies and their implementation in terms of control and automation capabilities in active distribution networks are also studied. From this work, it is concluded that communication technologies play an integral role in the realization of more active distribution networks and that the Internet of Energy (IoE) is a major player in ADS in the reduction of faults due to human error, fast responses, and improving the stability of power supply. Cyber threats are also and will still be a continuous challenge in smart metering technologies and in substation automation systems (SAS), which will require frequent evaluation and mitigation measures so as not to prevent the power supply system from collapsing.

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Section: Energy Storage For Demand-side Resourcesmentioning

confidence: 99%

A Review of Demand-Side Resources in Active Distribution Systems: Communication Protocols, Smart Metering, Control, Automation, and Optimization

Ratshitanga,

Orumwense,

Krishnamurthy

et al. 2023

Applied Sciences

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“…Equations (9) and (10) are the mathematical representations for assessing the cost and revenue associated with electricity buy and sell transactions in P2P for all prosumers. These calculations are subject to limits (11)(12)(13)(14)(15)(16)(17)(18).…”

Section: Mathematical Modelmentioning

confidence: 99%

“…To mention an important dimension of energy storage, the suggested strategy in [8] illustrates the potential of energy storage as an efficient tool for managing congestion and operating cost optimization in distribution networks by offering financial advantages to both the microgrid and the distribution system operator through thorough simulations and analyses. The research in [9] suggested a method for taking the solution to the next level, in which nearby microgrids in a distribution network cooperate and create a multi-microgrid to construct a shared energy storage to boost their revenue and raise their dependability. The annual compensation received from system operators is taken into account while comparing various investment possibilities.…”

Section: Introductionmentioning

confidence: 99%

Six-Segment Strategy for Prosumers’ Financial Benefit Maximization in Local Peer-to-Peer Energy Trading

Mochi,

Pandya,

Faia

et al. 2023

Mathematics

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The notion of prosumers, people who create and consume energy, has emerged in the energy sector as a result of the fast integration of renewable energy sources and advances in digital technology. Platforms for peer-to-peer (P2P) energy trading have come to light as viable ways to allow prosumers to conduct direct energy transactions within small groups. Existing P2P trading models, however, frequently lack an optimized approach to maximize the advantages for prosumers. In this article, we provide a novel six-segment strategy (SSS) that is intended to increase prosumers′ ability to maximize their benefits in P2P energy trading systems. Additionally, the SSS promotes prosumers′ active market engagement by supporting community-driven energy exchanges. Through extensive mathematical modeling, simulations, and case studies, we demonstrate the effectiveness of the six-segment strategy in enhancing the economic benefits of prosumers participating in P2P energy trading. The proposed optimization strategy holds the potential to revolutionize the energy landscape by promoting more sustainable and consumer-centric energy trading. The cost savings of 12.9% are distributed among prosumers by the SSS, which is an improvement compared with previously proposed strategies.

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“…Haghighi et al proposed an approach in which neighboring microgrids in a distribution network collaborate and form a multimicrogrid to install a shared cloud energy storage to increase their profit and improve their reliability. [ 26 ] Zhang et al proposed a two‐stage energy storage optimization configuration method that comprehensively considers the reliability and operational economy of distribution networks to address the issues of improving system reliability and reducing operational economy through energy storage. [ 27 ] Guo et al proposed a solar–wind–hydro hybrid power system with double energy storages and investigated the optimal coordinated operational strategy and multiobjective sizing.…”

Section: Introductionmentioning

confidence: 99%

Optimal Planning of Energy Storage in Distribution Feeders Considering Economy and Reliability

Xie,

Xiang,

et al. 2024

Energy Tech

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The capacity of distributed photovoltaic impacts the safe and reliable operation of the distribution feeders. The energy storage is one solution for addressing that challenge. To balance the financial viability of investing in the energy storage projects in distribution feeders with grid reliability, an optimal planning method for energy storage considering economy and reliability is proposed. First, an economic model is established. Second, a grid reliability simulation is performed based on the economic optimization results of energy storage capacity in distribution feeders. Finally, considering the comprehensive indexes of economy and reliability, the technique for order preference by similarity to ideal solution method is used, and the final scheme is determined by the cumulative distribution curve. The simulation results show that it can effectively improve the distributed photovoltaic consumption capacity of the distribution feeders and better balance the financial viability of investing in energy storage considering reliability, which can be used as a reference for the reasonable determination of ratios of the energy storage for renewables.

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Cloud Energy Storage Investment by Collaboration of Microgrids for Profit and Reliability Enhancement Considering a TSO-DSO Yearly Reward

Cited by 8 publications

References 59 publications

A Review of Demand-Side Resources in Active Distribution Systems: Communication Protocols, Smart Metering, Control, Automation, and Optimization

A Review of Demand-Side Resources in Active Distribution Systems: Communication Protocols, Smart Metering, Control, Automation, and Optimization

Six-Segment Strategy for Prosumers’ Financial Benefit Maximization in Local Peer-to-Peer Energy Trading

Optimal Planning of Energy Storage in Distribution Feeders Considering Economy and Reliability

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