Cart (Loading....) | Create Account
Close category search window

Cross-market optimization for hybrid energy storage systems

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

4 Author(s)
Chunlian Jin ; Pacific Northwest Nat. Lab., Richland, WA, USA ; Shuai Lu ; Ning Lu ; Dougal, R.A.

A method is developed to generate optimal bid schedules for a hybrid energy storage system participating in both energy and regulation service markets. The hybrid energy storage system includes a fast-response component, such as a flywheel or battery, and a slow response component, such as a pumped-hydro or a conventional generator. This paper describes the objective function and constraints of the cross-market optimization problem. A genetic algorithm is used to solve the problem with a nonlinear penalty curve applied to the energy constraints. A single market optimization method based on priority search is used as a baseline. The results show that the cross-market optimization can improve revenue of the energy storage system by 6.9% over the baseline. Although the method was applied to a hybrid energy storage system, it can be generalized to any energy storage systems.

Published in:

Power and Energy Society General Meeting, 2011 IEEE

Date of Conference:

24-29 July 2011

Need Help?

IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.