Investigating the Role of Flexibility Options in Multi-vector Energy Systems

Shabazbegian, Vahid; Ameli, Hossein; Ameli, Mohammad Taghi

doi:10.1007/978-3-030-87653-1_9

Cited by 1 publication

(1 citation statement)

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“…Energy Storage is a technology that can charge and discharge energy at different time periods, thereby contributing to the economical grid operation [89]. The benefits of energy storage result from its ability to participate in energy arbitrage while at the same time providing reserve and frequency regulation services, as well as other balancing and network services [90].…”

Section: Energy Storagementioning

confidence: 99%

Modelling Smart Grid Technologies in Optimisation Problems for Electricity Grids

et al. 2023

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The decarbonisation of the electricity grid is expected to create new electricity flows. As a result, it may require that network planners make a significant amount of investments in the electricity grids over the coming decades so as to allow the accommodation of these new flows in a way that both the thermal and voltage network constraints are respected. These investments may include a portfolio of infrastructure assets consisting of traditional technologies and smart grid technologies. One associated key challenge is the presence of uncertainty around the location, the timing, and the amount of new demand or generation connections. This uncertainty unavoidably introduces risk into the investment decision-making process as it may lead to inefficient investments and inevitably give rise to excessive investment costs. Smart grid technologies have properties that enable them to be regarded as investment options, which can allow network planners to hedge against the aforementioned uncertainty. This paper focuses on key smart technologies by providing a critical literature review and presenting the latest mathematical modelling that describes their operation.

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Section: Energy Storagementioning

confidence: 99%