Optimal Capacity Configuration of Energy Storage in PV Plants Considering Multi-Stakeholders

Abstract

With the integration of large-scale renewable energy generation, some new problems and challenges are brought for the operation and planning of power systems with the aim of mitigating the adverse effects of integrating photovoltaic plants into the grid and safeguarding the interests of diverse stakeholders. In this paper, a methodology for allotting capacity is introduced, which takes into account the active involvement of multiple stakeholders in the energy storage system. The objective model for maximizing the financial proceeds of the PV plant, the system for the storage of energy, and a power grid company is studied. Then, in order to maximize the benefit of three stakeholders, a modified particle swarm optimization algorithm is devised, employing the prevailing typical allocation strategy. Finally, a case study is provided based on the modified IEEE 14-bus and the actual power grid from South Xinjiang, China. The simulation results and findings of the case study conclusively illustrate that the proposed methodology adeptly ensures the maximization of interests for the triad of stakeholders.