Impact of Energy Storage Useful Life on Intelligent Microgrid Scheduling

Baron, Carlo; Al-Sumaiti, Ameena Saad; Rivera, Sergio

doi:10.3390/en13040957

Cited by 14 publications

(6 citation statements)

References 37 publications

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“…In traditional power markets, for example, power surcharges and taxes account for a considerable percentage of the price. However, renewable energies usually have minor costs (Baron et al, 2020), in which prosumers may earn extra benefits by properly selecting the tariff pricing of their energies. However, pricing methods must reflect the status of energy inside the P2P network, i.e., an increasing electricity excess for the users inside the system must decrease the electricity cost.…”

Section: Pricing Proceduresmentioning

confidence: 99%

RETRACTED: Recent Trends, Challenges, and Future Aspects of P2P Energy Trading Platforms in Electrical-Based Networks Considering Blockchain Technology: A Roadmap Toward Environmental Sustainability

et al. 2022

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Peer-to-peer (P2P) energy trading platform is an upcoming energy generation and effective energy managing strategy that rewards proactive customers (acting as prosumers) in which individuals trade energy for products and services. On the other hand, P2P trading is expected to give multiple benefits to the grid in minimizing the peak load demand, energy consumption costs, and eliminating network losses. However, installing P2P energy trading on a broader level in electrical-based networks presents a number of modeling problems in physical and virtual network layers. As a result, this article presents a thorough examination of P2P studies of energy trade literature. An overview is given with the essential characteristics of P2P energy trading and comparatively analyzed with multiple advantages for the utility grid and individual prosumers. The study then addresses the physical and virtual levels that systematically categorize the available research. Furthermore, the technological techniques have been gone through multiple problems that need to overcome for P2P energy trading in electrical networks. Finally, the article concludes with suggestions for further research.

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Section: Pricing Proceduresmentioning

confidence: 99%

RETRACTED: Recent Trends, Challenges, and Future Aspects of P2P Energy Trading Platforms in Electrical-Based Networks Considering Blockchain Technology: A Roadmap Toward Environmental Sustainability

et al. 2022

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“…The technical feasibility analysis of the centralized energy storage system for operating economic benefits is presented in [47]. The economic results have been analyzed using mixed-integer linear programming in [47]- [49] for the centralized and distributed energy storage in the day ahead electricity market. In [50] a linear programming model has been developed to reduce the operating cost of storage by optimizing the community energy.…”

Section: A Literature Reviewmentioning

confidence: 99%

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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“…On the other hand, MG performance was observed by Baron in [ 56 ], where the research aimed to increase the optimal scheduling of various types of grids. It included operational costs of the system and costs associated with the loss of energy storage.…”

Section: Energy Management Of Campus Microgrids With Distributed Gene...mentioning

confidence: 99%

Sustainable Solutions for Advanced Energy Management System of Campus Microgrids: Model Opportunities and Future Challenges

Muqeet

Javed

Akhter

et al. 2022

Sensors

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Distributed generation connected with AC, DC, or hybrid loads and energy storage systems is known as a microgrid. Campus microgrids are an important load type. A university campus microgrids, usually, contains distributed generation resources, energy storage, and electric vehicles. The main aim of the microgrid is to provide sustainable, economical energy, and a reliable system. The advanced energy management system (AEMS) provides a smooth energy flow to the microgrid. Over the last few years, many studies were carried out to review various aspects such as energy sustainability, demand response strategies, control systems, energy management systems with different types of optimization techniques that are used to optimize the microgrid system. In this paper, a comprehensive review of the energy management system of campus microgrids is presented. In this survey, the existing literature review of different objective functions, renewable energy resources and solution tools are also reviewed. Furthermore, the research directions and related issues to be considered in future microgrid scheduling studies are also presented.

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Impact of Energy Storage Useful Life on Intelligent Microgrid Scheduling

Cited by 14 publications

References 37 publications

RETRACTED: Recent Trends, Challenges, and Future Aspects of P2P Energy Trading Platforms in Electrical-Based Networks Considering Blockchain Technology: A Roadmap Toward Environmental Sustainability

RETRACTED: Recent Trends, Challenges, and Future Aspects of P2P Energy Trading Platforms in Electrical-Based Networks Considering Blockchain Technology: A Roadmap Toward Environmental Sustainability

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

Sustainable Solutions for Advanced Energy Management System of Campus Microgrids: Model Opportunities and Future Challenges

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