2023
DOI: 10.1007/s43979-023-00054-8
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Economic evaluation of energy storage integrated with wind power

Abstract: Energy storage can further reduce carbon emission when integrated into the renewable generation. The integrated system can produce additional revenue compared with wind-only generation. The challenge is how much the optimal capacity of energy storage system should be installed for a renewable generation. Electricity price arbitrage was considered as an effective way to generate benefits when connecting to wind generation and grid. This wind-storage coupled system can make benefits through a time-of-use (TOU) t… Show more

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Cited by 6 publications
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“…Studies [32][33][34][35], which provide results on optimising the size and placement of the energy storage system with the aim of further increasing the economic efficiency and competitiveness of the system as a whole [26,36,37], are of great importance. Paper [38] proposes a method for determining the optimal location and size of a battery energy storage system to reduce voltage fluctuations and total active losses in the distribution system, and study [39] analyses the economic benefits of integrating energy storage systems with wind generation to maximise revenues.…”
Section: Introductionmentioning
confidence: 99%
“…Studies [32][33][34][35], which provide results on optimising the size and placement of the energy storage system with the aim of further increasing the economic efficiency and competitiveness of the system as a whole [26,36,37], are of great importance. Paper [38] proposes a method for determining the optimal location and size of a battery energy storage system to reduce voltage fluctuations and total active losses in the distribution system, and study [39] analyses the economic benefits of integrating energy storage systems with wind generation to maximise revenues.…”
Section: Introductionmentioning
confidence: 99%