Optimal Allocation and Economic Analysis of Energy Storage System in Microgrids

@article{Chen2011OptimalAA,
  title={Optimal Allocation and Economic Analysis of Energy Storage System in Microgrids},
  author={Changsong Chen and Shanxu Duan and Tao Cai and Bangyin Liu and Guozhen Hu},
  journal={IEEE Transactions on Power Electronics},
  year={2011},
  volume={26},
  pages={2762-2773}
}
This paper presents a methodology for the optimal allocation and economic analysis of energy storage system (ESS) in microgrids (MGs) on the basis of net present value (NPV). As the performance of an MG strongly depends on the allocation and arrangement of its ESS, optimal allocation methods and economic operation strategies of the ESS devices are required for the MG. To optimize the operation strategies and capacities of ESS in MGs, the financial benefit and dynamic models of ESS are discussed… CONTINUE READING

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