This paper aims to provide an optimal location, power, and energy rating for a battery energy storage system (BESS) in a grid-connected microgrid. The microgrid is pre-installed with heavy renewable distributed generations like solar and wind power plants. The paper suggests a straightforward optimal operating schedule for BESS, considering real-time data on solar irradiance, wind speed, load profile, and electricity tariff obtained from the US Energy Information Administration. The proposed method analytically identifies the optimal size and location of the storage system using the modified Q-PQV load flow technique. The method also proposes incorporating seasonal variations of the real-time data to obtain the optimal BESS size. A detailed cost-benefit analysis is exhibited to validate the economic feasibility. The methodological superiority is established by comparing the proposed algorithm with other soft computing techniques like PSO, GA, and JAYA algorithms. The novel technique is executed on 33-bus and 136-bus test systems with multiple cases of solar and wind-distributed generations. The proposed method provided a significant reduction in annual energy loss with a definite improvement in the voltage profile and overall profit of the system.
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