Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)

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Research on Optimization Methods for User-Side Energy Storage Configuration in New Power Systems

Authors
Sujuan Wang1, *
1Shanghai Institute of Technology, Shanghai, China
*Corresponding author. Email: sujaunwang@126.com
Corresponding Author
Sujuan Wang
Available Online 9 October 2023.
DOI
10.2991/978-94-6463-262-0_119How to use a DOI?
Keywords
User-side energy storage; requirements management; demand response; energy storage optimization; Energy storage configuration
Abstract

The global economy is steadily rising, and the power industry is rapidly developing, leading to a significant increase in global electricity consumption. However, the difference between peak and off-peak electricity demand is becoming more pronounced, causing an imbalance in the supply-demand relationship. Therefore, new solutions are urgently needed. This paper proposes an optimization model for user-side energy storage allocation that considers multiple revenue streams. The model takes into account the full life cycle cost income of user-side energy storage, along with different auxiliary revenue streams. Using an optimization algorithm, we calculate the net lifetime income of a major industrial user and optimize the capacity allocation for user-side energy storage in the Nanjing energy storage service market. Finally, we compare various service types and provide optimal investment recommendations.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
9 October 2023
ISBN
978-94-6463-262-0
ISSN
2589-4943
DOI
10.2991/978-94-6463-262-0_119How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sujuan Wang
PY  - 2023
DA  - 2023/10/09
TI  - Research on Optimization Methods for User-Side Energy Storage Configuration in New Power Systems
BT  - Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
PB  - Atlantis Press
SP  - 1169
EP  - 1177
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-262-0_119
DO  - 10.2991/978-94-6463-262-0_119
ID  - Wang2023
ER  -