Using Optimization, Simulation to Manage Risk in Variable Generation Systems
|4 Jun 2013||Linda Webb||
By Graham Dudgeon, MathWorks
Understanding the uncertainty associated with operating variable generation systems helps manage the level of risk associated with delivering services. Moreover, appropriate selection of the rating and charge/discharge characteristics of an energy storage device, coupled with appropriate operational management, can improve the ability of a variable generation system to participate in certain markets. For example, energy storage may be used to help provide firm power over certain periods of time, which can improve the ability of the variable generation system to participate in a frequency response market.
This article explores the use of simulation and optimization techniques for investigating the characteristics that a variable generation system with energy storage should have for given operational profiles.
This article was published in Renew Grid.