Renewable energy is a promising solution to address the energy crisis and environmental issues, but it comes with challenges due to its inherent volatility and limited dispatchability. Advanced adiabatic compressed air energy storage (AA-CAES) is a favorable partner for centralized renewable integration, due to its numerous benefits, such as large capacity, long lifetime, fast response capability, and zero carbon emissions. For the economic management of a wind-AACAES system, a battery-like AA-CAES dispatch model is proposed, where the charging/discharging efficiencies and capacities are dependent on the operating power and state-of-charge (SoC) to capture the part-load characteristics. A hybrid control strategy is proposed to enhance the flexibility and efficiency of the compression side under off-design conditions caused by simultaneous changes in back pressure and load. To provide dispatch and control strategies of AA-CAES, a multi-timescale optimization problem is established. The slow timescale determines the baseline output scheduling on an hourly basis to maximize total revenue, while the fast timescale updates the real-time adjustment every five minutes to minimize the penalty of tracking error. A bi-level stochastic dynamic programming (SDP) framework is formulated to incorporate the wind uncertainties and multi timescale coordination, where terminal SoCs and value functions are essential to integrate decisions across slow and fast timescales. A non-iterative parametric programming-based method is proposed to solve the slow-timescale SDP, and a simulation-based rollout algorithm is applied to extract the fast-timescale actions, which yields evident improvement over any heuristic base policy that is sequentially consistent. The numerical results demonstrate that the proposed method has a performance gap of approximately 7.1%, which outperforms the rule-based method by 32.6%. The installation of AA-CAES improves the total revenue by 11.9%. Additionally, the hybrid control strategy enhances the charging flexibility and efficiency by 30.7% and 4.3%, respectively, resulting in a 3.9% reduction in tracking deviation penalty.
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