Abstract:
The paper proposes a tool for the optimal sizing of an end user's battery energy storage system. The sizing is performed considering demand response applications with rea...Show MoreMetadata
Abstract:
The paper proposes a tool for the optimal sizing of an end user's battery energy storage system. The sizing is performed considering demand response applications with real time energy prices. The procedure, which takes into account also the battery degradation due to some stress factors, is performed based on uncertainties of generation, load, weather conditions, discount rate and energy price. Particularly, the sizing of the storage device is aimed at maximizing the economic benefit of the end user.
Published in: 2019 IEEE 5th International forum on Research and Technology for Society and Industry (RTSI)
Date of Conference: 09-12 September 2019
Date Added to IEEE Xplore: 11 November 2019
ISBN Information: