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The concept of shared energy storage in power generation side has received significant interest due to its potential to enhance the flexibility of multiple renewable energy stations and optimize the use of energy storage resources. However, the lack of a well-set operational framework and a cost-sharing model has hindered its widespread implementation and large-scale development. This paper introduces three distinct cost-sharing methods, namely the uniform allocation method, the predictive weighted allocation method, and the dynamic weighted allocation method, which are laterly applied to develop a combined operational and cost distribution model. The objective is to improve the efficiency of the power generation system by incorporating shared energy storage assistance and allocating the associated costs based on the use of various renewable energy stations. Furthermore, the viability of the suggested operational framework for shared energy storage and the methods for allocating costs are confirmed through numerical simulation. The findings indicate that the uniform allocation method represents the most straightforward approach for distributing costs evenly. In contrast, the second model introduces a cost allocation method that addresses the issue of fairness by considering the predicted generation level of each renewable energy plant. However, the third model takes into account the actual generation level of the plants when determining their respective costs. Sensitivity analysis is further conducted to offer valuable insights into cost-saving policies for four representative regions in China. The proposed operation and cost-sharing model is anticipated to serve as a useful reference for the widespread implementation of shared energy storage in power generation side. • Design three cost-sharing methods to allocate costs among various entities. • Formulate a combined operational and cost allocation model. • Optimize operational and cost allocation strategies for various entities. • Reduce total costs by up to 36% through the dynamic weighted allocation method. [ABSTRACT FROM AUTHOR]

Highlights • The complex EH model can be divided into several simple EH models. • The complex MES is highly decoupled. • The nonlinearity of a complex EH model caused dispatch factors can be eliminated. • The energy storage, demand respond and renewable energy are all integrated in the coupling matrix of EH model. Abstract The integration energy and information technology has prompted the development of the multi-carrier energy system. Energy hub model is widely used in the multi-carrier energy system study. However, it is the difficult to formulate coupling matrix and optimize operation state of complex energy hub model. This paper proposes an efficient standardized multi-step modelling method and linearized optimization method for the energy hub model. Firstly, a complex energy hub model is separated into several simple energy hub models based on nodes arrangement and virtual nodes insertion methods; then the coupling matrix of each simple energy hub model can be easily modelled; the coupling matrix of the complex energy hub model can be obtained by multiplying the coupling matrix of each simple energy hub model. In addition, energy storage, demand response and renewable energy are considered and integrated in the energy hub model. Further, the nonlinear optimal operation model of energy hub is reformulated to a linear programming problem by using variable substitution in each simple energy hub model. Cases study is performed on a resident district in a city of China on a typical summer day with the energy storage devices, demand response and renewable energy considered. Compared with the traditional calculation method, the computational burden is significantly reduced based on the proposed calculation method, which can guarantee the global optimal operation decision. [ABSTRACT FROM AUTHOR]

This paper examines both the potential of and barriers to grid-scale energy storage playing a substantive role in transitioning to an efficient, reliable and cost-effective power system with a high penetration of renewable energy sources. Grid-scale storage is a term that describes a number of different technologies with a wide range of characteristics. This versatility leads to the use of storage to perform a number of grid-services. We first enumerate these services, with an emphasize on those that are best suited to mitigate the effects of uncertainty and variability associated with intermittent, non-dispatchable renewable energy sources. We then provide an overview of the current methods to evaluate grid-integrated storage, summarize key findings, and highlight ongoing challenges to large-scale adoption of grid-scale energy storage. We focus on one particular area that is critical to both the efficient use of energy storage in the power grid and its long-term economic viability: the conflict between the technical benefits of this resource, which can provide both power and energy related grid-services (in some cases simultaneously), and the economic challenges of compensating these services within the current market structures. We then examine recent progress in addressing these issues through regulatory changes and other initiatives designed to mitigate previous market failures. This discussion is followed by some remarks about ongoing regulatory and market design challenges. The paper closes with a summary of the ideas presented and a discussion of critical research needs. [ABSTRACT FROM AUTHOR]

Renewable energy (RE) penetration growth without energy storage system (ESS) is restricted due to its poor dispatchability. Compressed air energy storage system (CAES) is one of the promising ESS technologies. But, low energy density and high mechanical inertia confined its application as a bulk ESS. In this paper, a novel hybrid thermal-compressed supercritical carbon dioxide energy storage (T-CCES) system is proposed to address CAES shortcomings. In this system, a stratified water thermal energy storage (TES) is employed to store both released heat of compression process and high-frequency reluctant power of a wind farm (which cannot be followed by CCES) using electrical heaters. A dynamic simulation is performed to evaluate system characteristics in steady wind generation condition and in a real wind generation condition. Stochastic simulation of the proposed system integrated with a real wind farm is also fulfilled to assess its characteristics and performance by considering uncertainties using sparse polynomial chaos expansion. Additionally, global sensitivity analysis via Sobol’ indices is conducted to identify the most important parameters of the system. Results show that the system can store wind power during off-peak hours and smoothly releases it into the grid with 57.55% round-trip efficiency (RTE) and 84.1 kWh/m 3 energy density. Uncertainty quantification results indicate that the system can properly work under uncertainties with standard deviation of 55.72–58.16% RTE and 83.7–86.5 kWh/m 3 energy density. Moreover, results show that the random production of wind turbine has a negligible effect on performance characteristics of the T-CCES which makes it a promising solution for integration with wind farms. [ABSTRACT FROM AUTHOR]

Exploiting renewable energy is a critical greenhouse gases reduction strategy for China, especially in areas where new power plants are needed. Challenges in energy storage, however, always complicate the design of renewable energy-dominated power generation systems. This study attempt to provide a solution to the energy storage problem through the synergy of both the power supply and demand sides. Based on local natural energy resources endowments, this paper applies the hybrid optimization model for multiple energy resources and load types to analyse the feasibility of satisfying energy demand. To verify the model’s technological and economic feasibility, this research applies its synergy model to a 2.8 km 2 isolated island in the South China Sea. The simulation results demonstrate that the cost of energy and net present cost of the power supply system are $0.212/kW h and $127 M when hydrogen energy storage equipment is used, and $0.178/kW h and $101 M when traditional-battery energy storage equipment is utilized. This study also reveals that using flywheels to supplement the hydrogen and traditional-battery energy storage equipment could reduce the cost of energy by 5.6% and 3.4%, respectively. In addition, power system demand-side management can further reduce the cost of energy by approximately 20% for all technology scenarios considered in this study. A carbon emissions analysis demonstrates that the carbon reduction rates of the proposed power systems are between 87.7% and 95.1% compared with a fossil-energy based power system. In brief, this study indicates that solar and wind energy combined with appropriate energy storage equipment can meet the energy demand of the island. [ABSTRACT FROM AUTHOR]

Solving power system scheduling is crucial to ensure smooth operations of the electric power industry. Effective utilization of available conventional and renewable energy sources (RES) by tri-generation and with the aid of energy storage facilities (ESF) can ensure clean and energy efficient power generation. Such power generation can play an important role in countries, like Saudi Arabia, where abundant fossil fuels (FF) and renewable energy sources (RES) are available. Hence, effective modeling of such hybrid power systems scheduling is essential in such countries based on the available fuel resources. The intent of this paper is to present a simple model for tri-generation based hybrid power system scheduling for energy resources rich area in presence of ESF, to ensure optimum fuel utilization and minimum pollutant emissions while meeting the power demand. This research points an effective operation strategy which ensure a clean and energy efficient power scheduling by exploiting available energy resources effectively. Hence, it has an important role in current and future power generation. In order to illustrate the benefits of the presented approach a clean and energy efficient hybrid power supply scheme for King Saud University (KSU), Saudi Arabia, is proposed and analyzed here. Results show that the proposed approach is very suitable for KSU since adequate solar power is available during its peak demand periods. [ABSTRACT FROM AUTHOR]

The paper presents results of design parameters optimisation of a wood chips fired steam boiler based heat and power block in a sample project of coal fired municipal heating plant modernisation. The project assumes the conversion of the heating plant into a dual fuel heat and power plant. The problem that is presented is selection of cogeneration block structure and thermodynamic parameters taking into account financial support mechanisms for cogeneration and renewable energy technologies. There are examined energy conversion and financial performances of the project. The results show that without the financial support the project is not profitable although it generates savings of primary energy of fossil fuels. If an administrative incentives are applied the optimal technical solution is different than suggested by energy conversion efficiency or fossil fuel savings. Financial calculations were performed for Polish marked conditions in the years 2011 and 2014 showing the impact of relatively short term variations of prices and support intensity on optimal plant design parameters. [ABSTRACT FROM AUTHOR]