Operation scheduling for an energy storage system considering reliability and aging

Maximum income resulting from energy arbitrage by battery systems subject to cycle aging and price uncertainty from a dynamic programming perspective

“…Incorporating aging into an optimization program is further complicated if the stochasticity of the state variables is considered. Most of the times, unique historical time series have been employed (instances are [26,4,27,28]), or single realizations of time-of-use tariffs [29]. However, this procedure entails that there is a perfect knowledge about the evolution of electricity price; which is a particularly inaccurate assumption in spot electricity markets.…”

“…Optimization programs Economic valuation Programming details [17], [18], [19], [16], [42], [43], [20], [41], [44] [43], [25], [24], [26], [4], [27], [28], [30], [33], [34], [22] [39], [40], [7], [8], [21], [22], [23], [24], [25], [38], [9], [10] [35], [36], [37], [45], [46], [47], [48], [49] Another two recent papers dealing with the same problem-the valuation of ESS employed in energy arbitrage considering cycle aging-are [39,40]. Our paper shows a different approach again because we integrated Musallam's model to categorize the damage caused by different switching policies rather than using the number of yearly cycles [40] or the transferred energy [39].This integration is made seamlessly in the dynamic program.…”

Analysis and optimisation of a diesel‐PV‐wind‐electric storage system for a standalone power solution

“…The aim of the study is achieved by considering the monthly ambient temperature and averaged solar irradiation. Kim et al [11] have presented an optimal scheme for BS by considering the reliability and economy of a microgrid system. The state of charge (SOC) of the BS is taken into consideration while investigating the effect of BS on the reliability of a power system without capturing the attenuation effect of the state of health of the BS.…”

A Review on Peak Load Shaving in Microgrid—Potential Benefits, Challenges, and Future Trend

“…However, these approaches have significant flaws. Therefore, ESS is still require a robust and fully functional scheduling strategy for providing peak shaving service[87][88][89][90].•Sizing of ESS-Economic benefit of storage-based peak shaving technique is directly impacted by the size of ESS. Also, size of ESS has major effect on peak shaving ability.…”