Version 1
: Received: 14 December 2023 / Approved: 27 December 2023 / Online: 27 December 2023 (11:26:40 CET)
How to cite:
Lee, Y.; Jo, H. A Method for Determining Optimal Capacity of Virtual Energy Storage System Based on Grid-connected Microgrid for Participation in Electricity Market. Preprints2023, 2023122104. https://doi.org/10.20944/preprints202312.2104.v1
Lee, Y.; Jo, H. A Method for Determining Optimal Capacity of Virtual Energy Storage System Based on Grid-connected Microgrid for Participation in Electricity Market. Preprints 2023, 2023122104. https://doi.org/10.20944/preprints202312.2104.v1
Lee, Y.; Jo, H. A Method for Determining Optimal Capacity of Virtual Energy Storage System Based on Grid-connected Microgrid for Participation in Electricity Market. Preprints2023, 2023122104. https://doi.org/10.20944/preprints202312.2104.v1
APA Style
Lee, Y., & Jo, H. (2023). A Method for Determining Optimal Capacity of Virtual Energy Storage System Based on Grid-connected Microgrid for Participation in Electricity Market. Preprints. https://doi.org/10.20944/preprints202312.2104.v1
Chicago/Turabian Style
Lee, Y. and Hyung-Chul Jo. 2023 "A Method for Determining Optimal Capacity of Virtual Energy Storage System Based on Grid-connected Microgrid for Participation in Electricity Market" Preprints. https://doi.org/10.20944/preprints202312.2104.v1
Abstract
With the increasing prominence of renewable energy sources providing flexibility to the power grid, there is a growing recognition of the need to expand virtual Energy Storage Systems (ESS) to replace traditional ESS, which faces challenges in terms of supply and scalability. Grid-connected microgrids can supply power stably and are being built, so they can be used as virtual ESS to provide flexibility to the power system. This study proposes an approach to determine the optimal Power Conversion System (PCS) and battery capacity for a Virtual Energy Storage System(VEES) based on a grid-connected microgrid incorporating Photovoltaic (PV) and ESS. In this paper, it is assumed that microgrids can provide flexibility to the grid by participating in the energy trading market, there are corresponding profits and penalties for order.Numerical examples are performed to demonstrate the effectiveness of the proposed method.
Keywords
Virtual Energy Storage System; Grid-Connected Microgrid; Grid Flexibility; PV, Energy Storage System; Electricity Market
Subject
Engineering, Electrical and Electronic Engineering
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
