Optimal storage policies with wind forecast uncertainties

@article{Gast2012OptimalSP,
  title={Optimal storage policies with wind forecast uncertainties},
  author={Nicolas Gast and Dan-Cristian Tomozei and Jean-Yves Le Boudec},
  journal={SIGMETRICS Performance Evaluation Review},
  year={2012},
  volume={40},
  pages={28-32}
}
The increase in penetration of wind in the current energy mix is hindered by its high volatility and poor predictability. These shortcomings lead to energy loss and increased deployment of fast ramping generation. The use of energy storage compensates to some extent these negative effects; it plays a buffer role between demand and production. We revisit a model of real storage proposed by Bejan et al.[1]. We study the impact on performance of energy conversion efficiency and of wind prediction… CONTINUE READING

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