A stochastic sizing approach for sharing-based energy storage applications

Islam Safak Bayram, Mohamed Abdallah, Ali Tajer, Khalid A. Qaraqe

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

In order to foster renewable energy integration, improve power quality and reliability, and reduce hydrocarbon emissions, there is a strong need to deploy energy storage systems (ESSs), which can provide a control medium for peak hour utility operations. ESSs are especially desirable at the residential level, as this sector has the most untapped demand response potential. However, considering their high acquisition, operation, and maintenance costs, isolated deployment of ESSs is not economically viable. Hence, this paper proposes a sharing-based ESS architecture, in which the demand of each customer is modeled stochastically and the aggregate demand is accommodated by a combination of power drawn from the grid and the storage unit when the demand exceeds grid capacity. The optimal size of ESSs is analyzed and an analytical method is developed for a group of customers with a single type of appliances. This framework is also extended to any network size with an arbitrary number of customers and appliance types, where the analytical method provides a tractable solution to the ESS sizing problem. Finally, a detailed cost-benefit analysis is provided, where the results indicate that sharing-based ESSs are practical and yield significant savings in terms of ESS size.

LanguageEnglish
Pages1075-1084
Number of pages10
JournalIEEE Transactions on Smart Grid
Volume8
Issue number3
Early online date21 Aug 2015
DOIs
Publication statusPublished - 31 May 2017

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Energy storage
Cost benefit analysis
Power quality
Hydrocarbons
Costs

Keywords

  • demand response
  • energy storage systems
  • stochastic sizing

Cite this

Bayram, Islam Safak ; Abdallah, Mohamed ; Tajer, Ali ; Qaraqe, Khalid A. / A stochastic sizing approach for sharing-based energy storage applications. In: IEEE Transactions on Smart Grid. 2017 ; Vol. 8, No. 3. pp. 1075-1084.
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A stochastic sizing approach for sharing-based energy storage applications. / Bayram, Islam Safak; Abdallah, Mohamed; Tajer, Ali; Qaraqe, Khalid A.

In: IEEE Transactions on Smart Grid, Vol. 8, No. 3, 31.05.2017, p. 1075-1084.

Research output: Contribution to journalArticle

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