A New Cooperation Framework With a Fair Clearing Scheme for Energy Storage Sharing

This article proposes a new cooperation framework of energy storage sharing that comprises prosumers, energy storage providers (ESPs), and a middle agent to achieve social energy optimality. In this framework, the prosumers share multiple energy storages of the ESPs via the agent. An energy sharing optimization problem minimizing the total energy cost is formulated involving the energy storage operation, the shiftable load schedule, and the energy trading with the utility. To solve the problem, a fast alternating direction multiplier method (ADMM) with restart which converges faster than traditional ADMM is adopted. Furthermore, a clearing scheme, named as an ideal profit realization ratio distribution model is introduced to distribute the participants’ net profits fairly. Simulation results show that the energy costs can be substantially reduced, and the net profit distribution is relatively fairer compared with the widely used Nash bargaining scheme, which ensures the feasibility of our framework in real applications.