Schematic diagram of the independent shared energy storage power station project in ireland

What is the operation process of power flow regulation and shared energy storage?

The operation process of power flow regulation and shared energy storage of bus 1 after obtaining the solution to the bilevel optimization operation model is depicted in Fig. 9. During the periods of 01:00–05:00 and 23:00–24:00, the load is jointly supplied by the power flow transfer and the superior power grid.

Can shared community energy storage systems be used in residential areas?

A novel energy cooperation framework was proposed to operate and distribute profits from shared community energy storage systems in residential areas . Mediwaththe et al. conducted a study on SES-based demand side management in a neighborhood network, demonstrating the benefits for the SES provider, users, and electricity retailer .

How energy storage and non-fault side power grid regulated power flow?

In this mode, the power flow can be regulated by the energy storage or non-fault side power grid through the FESPS to ensure uninterrupted power supply. In addition, the energy storage and non-fault side power grid could jointly realize uninterrupted power supply for the load.

What is a sharing economy (SES) energy storage system?

By incorporating the concept of the sharing economy into energy storage systems, SES has emerged as a new business model . Typically, large-scale SES stations with capacities of more than 100 MW are strategically located near renewable energy collection stations and are funded by one or more investors .

How is the load supplied by the superior power grid?

The load is supplied by the superior power grid separately from 01:00 to 05:00. During the period from 06:00 to 08:00, the load is transferred by the power flow. Period of 09:00 and during the period 18:00–19:00, the load is jointly supplied by the renewable energy, energy storage or/and power flow transfer.

What is energy storage/reuse based on shared energy storage?

Energy storage/reuse based on the concept of shared energy storage can fundamentally reduce the configuration capacity, investment, and operational costs for energy storage devices. Accordingly, FESPS are expected to play an important role in the construction of renewable power systems.