Multi-Objective Optimized Operation of Energy Storage Devices

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Abstract

In this work, we present a novel modular approach for control of an energy storage device towards multiple objectives simultaneously. The proposed control method is explained and its usefulness is demonstrated using simulations of a 16 house neighbourhood. The simulation results of the proposed approach are compared to those using a standard battery setup. It is concluded that, when a storage device is divided in virtual storage devices, which each have their own goal (e.g. peak-shaving, grid-balancing and economic benefits in energy markets) and their own (dedicated) fraction of the storage device capacity, improvements in storage device utilization can be achieved.
Original languageEnglish
Title of host publication2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)
PublisherIEEE
Number of pages5
ISBN (Electronic)978-1-6654-4875-8
ISBN (Print)978-1-6654-4876-5
DOIs
Publication statusPublished - 21 Dec 2021
Event2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe) - Aalto University, Espoo, Finland
Duration: 18 Oct 202121 Oct 2021
https://ieee-isgt-europe.org/

Conference

Conference2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)
Abbreviated titleISGT Europe
Country/TerritoryFinland
CityEspoo
Period18/10/2121/10/21
Internet address

Keywords

  • Energy storage
  • Optimization
  • Multi-objective operation
  • Control strategy
  • Economics
  • Simulation
  • Smart grids
  • Batteries
  • Standards

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