Energy storage systems have the potential to deliver value in multiple ways, and these must be traded off against one another. An operational strategy that aims to maximize the …
Z Shu, P Jirutitijaroen - IEEE Transactions on Sustainable …, 2013 - ieeexplore.ieee.org
This paper proposes an adaptive optimal policy for hourly operation of an energy storage system (ESS) in a grid-connected wind power company. The purpose is to time shift wind …
S Grillo, A Pievatolo, E Tironi - IEEE Transactions on …, 2015 - ieeexplore.ieee.org
The paper presents a method based on Markov decision processes to optimally schedule energy storage devices in power distribution networks with renewable generation. The time …
Distributed energy resources have been proposed as a promising solution to make households self-sufficient and increase power supply reliability. In this paper, we examine …
To investigate the impact of the strategic operation of grid-level energy storage systems on wholesale electricity markets, we study a Cournot competition model where each merchant …
In recent years energy storage systems (ESSs) have been used widely in most European and American countries because of their economic and technical benefits. One of their most …
Q Huang, Y Xu, T Wang… - IEEE Transactions on …, 2017 - ieeexplore.ieee.org
We explore the integration of large-scale, grid-level energy storage into wholesale electricity markets. We conduct a comparative analysis on three natural market mechanisms that have …
B Li, T Chen, X Wang… - IEEE Transactions on …, 2017 - ieeexplore.ieee.org
Energy storage units hold promise to transform the electric power industry, since they can supply power to end customers during peak demand times, and operate as customers upon …
J Jin, Y Xu - IEEE Transactions on Power Systems, 2016 - ieeexplore.ieee.org
We study the optimal operation of energy storage operated by a consumer who owns intermittent renewable generation and faces (possibly random) fluctuating electricity prices …