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Development of Optimal Energy Storage System Sizing Algorithm for Photovoltaic Supplier in South Korea
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Publication Year
2018-12-21
Journal
IEEE Power and Energy Society General Meeting
Publisher
IEEE Computer Society
Citation
IEEE Power and Energy Society General Meeting, Vol.2018-August
Keyword
Energy Storage System (ESS)Optimal ESS SizingRenewable Energy Certificate (REC)System Marginal Price (SMP)
Mesh Keyword
Energy storage systemsKorean GovernmentOptimal energyOptimal ESS SizingRenewable energy certificatesRenewable energy generationSizing algorithmsSystem marginal price
All Science Classification Codes (ASJC)
Energy Engineering and Power TechnologyNuclear Energy and EngineeringRenewable Energy, Sustainability and the EnvironmentElectrical and Electronic Engineering
Abstract
The South Korean government makes huge efforts to accelerate the utilization of Energy Storage System (ESS) along with renewable energy generation. In this manner, this paper presents the optimal ESS sizing algorithm for Photovoltaic (PV) supplier under current government policy and compensation rule. This algorithm determines if the installation of ESS is beneficial and then, suggests the optimal size of ESS to maximize the revenue when PV generator combines with ESS. The actual PV generation profiles are used to verify the effectiveness of the proposed algorithm.
Language
eng
URI
https://aurora.ajou.ac.kr/handle/2018.oak/36311
https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85060793205&origin=inward
DOI
https://doi.org/10.1109/pesgm.2018.8586289
Journal URL
http://ieeexplore.ieee.org/xpl/conferences.jsp
Type
Conference
Funding
ACKNOWLEDGMENT This work was supported by the Korea Institute of Energy Technology Evaluation and Planning(KETEP) and the Ministry of Trade, Industry & Energy(MOTIE) of the Republic of Korea (No. 20172410100040).
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Jung, Jaesung  Image
Jung, Jaesung 정재성
Department of Electrical and Computer Engineering
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