Online battery scheduling for grid-connected photo-voltaic systems. (October 2020)
- Record Type:
- Journal Article
- Title:
- Online battery scheduling for grid-connected photo-voltaic systems. (October 2020)
- Main Title:
- Online battery scheduling for grid-connected photo-voltaic systems
- Authors:
- Nath, Samrat
Wu, Jingxian - Abstract:
- Highlights: Identifies optimum charging/discharging schedule of battery energy storage system. Provides periodic policies for every 24-hour period based on load and solar energy. 41.6% reduction in annual utility bill than systems without solar panel or battery. Abstract: We study the problem of determining optimum policy for managing battery energy storage system (BESS) in grid-connected photo-voltaic (PV) systems, where the stochastic electricity demands from the load are met from three sources: grid, PV energy, and BESS. BESS is used either to store excess energy generated from PV systems for later use, or to purchase energy from the grid when the time-of-use (TOU) pricing is lower. The objective is to identify the optimum charging/discharging schedule of BESS so that the long-term cost of energy purchased from the grid is minimized. The stochastic variabilities in loads and PV energy are captured by employing probabilistic models of periodic stochastic process with parameters estimated using historical data. The optimization problem is formulated under the framework of periodic discounted Markov decision process (MDP), and the problem formulation includes the aging effects of batteries and solar panels. The online optimization problem is solved by adopting a policy iteration approach tailored for periodic MDP. The proposed online scheduling algorithm provides periodic policies for a period of 24-hour, where the system model is updated every day based on load and PVHighlights: Identifies optimum charging/discharging schedule of battery energy storage system. Provides periodic policies for every 24-hour period based on load and solar energy. 41.6% reduction in annual utility bill than systems without solar panel or battery. Abstract: We study the problem of determining optimum policy for managing battery energy storage system (BESS) in grid-connected photo-voltaic (PV) systems, where the stochastic electricity demands from the load are met from three sources: grid, PV energy, and BESS. BESS is used either to store excess energy generated from PV systems for later use, or to purchase energy from the grid when the time-of-use (TOU) pricing is lower. The objective is to identify the optimum charging/discharging schedule of BESS so that the long-term cost of energy purchased from the grid is minimized. The stochastic variabilities in loads and PV energy are captured by employing probabilistic models of periodic stochastic process with parameters estimated using historical data. The optimization problem is formulated under the framework of periodic discounted Markov decision process (MDP), and the problem formulation includes the aging effects of batteries and solar panels. The online optimization problem is solved by adopting a policy iteration approach tailored for periodic MDP. The proposed online scheduling algorithm provides periodic policies for a period of 24-hour, where the system model is updated every day based on load and PV energy from the previous day in a rolling horizon fashion. Simulation results demonstrate that the proposed algorithm can achieve a 41.6% reduction in annual utility bills compared to conventional systems without PV and BESS, thus ascertaining the values of installing BESS and PV systems. … (more)
- Is Part Of:
- Journal of energy storage. Volume 31(2020)
- Journal:
- Journal of energy storage
- Issue:
- Volume 31(2020)
- Issue Display:
- Volume 31, Issue 2020 (2020)
- Year:
- 2020
- Volume:
- 31
- Issue:
- 2020
- Issue Sort Value:
- 2020-0031-2020-0000
- Page Start:
- Page End:
- Publication Date:
- 2020-10
- Subjects:
- Battery energy storage system (BESS) -- Markov decision process (MDP) -- Optimization -- Photo-voltaic (PV) -- Scheduling -- Time-of-use (TOU)
Energy storage -- Periodicals
Energy storage -- Research -- Periodicals
621.3126 - Journal URLs:
- http://www.sciencedirect.com/science/journal/2352152X ↗
http://www.sciencedirect.com/ ↗ - DOI:
- 10.1016/j.est.2020.101713 ↗
- Languages:
- English
- ISSNs:
- 2352-152X
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
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