Optimal Management and Sizing of Energy Storage Under Dynamic Pricing for the Efficient Integration of Renewable Energy

We address the optimal energy storage management and sizing problem in the presence of renewable energy and dynamic pricing associated with electricity from the grid. We formulate the problem as a stochastic dynamic program that aims to minimize the long-run average cost of electricity used and inve...

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Bibliographic Details

Published in:	IEEE transactions on power systems Vol. 30; no. 3; pp. 1164 - 1181
Main Authors:	Harsha, Pavithra, Dahleh, Munther
Format:	Journal Article
Language:	English
Published:	IEEE 01.05.2015
Subjects:	Dynamic programming/optimal control Electricity Energy storage Equations infinite horizon Investment management operations Pricing renewable energy Renewable energy sources Storage management
ISSN:	0885-8950, 1558-0679
Online Access:	Get full text
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