Abstract
Large scale energy storage installations have seen a rise in recent years, especially in combination with renewable power plants. Their increasing integration is contingent on successful market participation. So far, a common objective in energy resource scheduling is the maximization of profit from market participation, which requires high storage utilization and, consequently, leads to their degradation. This contribution presents a multi-objective mixed-integer program for operational planning of solar-storage plants that maximizes profit and minimizes the number of charge cycles. In a case study, solar-storage plants are studied in a short-term market environment. Pareto optimal solutions are determined using the epsilon constraint method. Analysis of the pareto-front shows that even minor sacrifices in profit allow to significantly reduce the number of charge cycles and therefore increase the lifetime of the battery.
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Acknowledgement
This work was supported by the European Union and the Free State of Saxony under SAB-Nr. 100331224.
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Kuttner, L. (2020). Tradeoffs Between Battery Degradation and Profit from Market Participation of Solar-Storage Plants. In: Neufeld, J.S., Buscher, U., Lasch, R., Möst, D., Schönberger, J. (eds) Operations Research Proceedings 2019. Operations Research Proceedings. Springer, Cham. https://doi.org/10.1007/978-3-030-48439-2_33
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DOI: https://doi.org/10.1007/978-3-030-48439-2_33
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