Smart Grid 2016
DOI: 10.1201/b19664-17
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Toward the Minimization of the Levelized Energy Costs of Microgrids Using Both Long-Term and Short-Term Storage Devices

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Cited by 15 publications
(11 citation statements)
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“…The algorithm offers no practical optimality guarantees, and even if the global optimum was reached, the resulting design would be optimal only with respect to a rule-based operational strategy, which is not economically and technically-optimal. A microgrid featuring solar PV generation along with both short-term and long-term storage in the form of batteries and hydrogen tanks is considered in [10]. Optimal technology sizes are identified via a multi-year LP formulation, but no dispatchable technologies or methanation are considered.…”
Section: Related Workmentioning
confidence: 99%
“…The algorithm offers no practical optimality guarantees, and even if the global optimum was reached, the resulting design would be optimal only with respect to a rule-based operational strategy, which is not economically and technically-optimal. A microgrid featuring solar PV generation along with both short-term and long-term storage in the form of batteries and hydrogen tanks is considered in [10]. Optimal technology sizes are identified via a multi-year LP formulation, but no dispatchable technologies or methanation are considered.…”
Section: Related Workmentioning
confidence: 99%
“…More than 160 microgrid project are currently active world-wide (see http://www.resilientproject.eu/). A growing research community is investigating business cases related with electricity microgrids François-Lavet et al (2016a).…”
Section: The Future Of Electric Power Systems: Even More Control and mentioning
confidence: 99%
“…In RL problems, the goal is to find an optimal policy, h * , that minimizes the sum of costs or penalties over the entire optimization horizon, Equation (6).…”
Section: Problem Formulationmentioning
confidence: 99%
“…Microgrids can be a good base for the study and implementation of smart grid solutions [3][4][5]. Microgrids are electrical systems consisting of loads and distributed energy resources (like energy storage facilities and RES) that can operate in parallel with or disconnected from the main utility grid [6]. It is expected that the future power grid will be a combination of multiple microgrids collaborating with each other [7,8].…”
Section: Introductionmentioning
confidence: 99%