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| Content Provider | IET Digital Library |
|---|---|
| Author | Psarros, Georgios N. Papathanassiou, Stavros A. |
| Abstract | Hybrid power stations (HPSs) are virtual power plants comprising storage and renewable energy source facilities operated in a coordinated manner as dispatchable stations. The HPS concept has been introduced as a means to increase renewable penetration in saturated island systems. The main objective of this study is to shed light on the operation of battery-based HPSs in small-island systems and their investment feasibility. Anticipated benefits for the island system are quantified in terms of system production cost and renewable penetration, while the exploitation of available renewable energy by the HPS is analyzed and the internal operation of its components is evaluated. A mixed integer linear programming generation scheduling approach is used to conduct daily and annual simulations of the entire island generation system, while at the same time optimising the internal management of the HPS as well. Based on the operating results thus obtained, the economic feasibility of battery-based HPS investments using wind, photovoltaics or their combination as the renewable generation component is assessed, by utilising the levelised cost of energy as the primary evaluation index and accounting for the life expectancy of the HPS battery storage system. |
| Starting Page | 39 |
| Ending Page | 51 |
| Page Count | 13 |
| ISSN | 17521416 |
| Volume Number | 14 |
| e-ISSN | 17521424 |
| Issue Number | Issue 1, Jan (2020) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-rpg/14/1 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-rpg.2019.0212 |
| Journal | IET Renewable Power Generation |
| Publisher Date | 2019-06-28 |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | Accounting Annual Simulations Anticipated Benefits Available Renewable Energy Battery-based HPS Investments Battery-based HPSs Battery-renewable Hybrid Stations Coordinated Manner Daily Simulations Dispatchable Stations Distributed Power Generation Economic Feasibility Entire Island Generation System HPS Battery Storage System HPS Concept Hybrid Power Stations Hybrid Power System Integer Programming Internal Management Internal Operation Investment Feasibility Island System Linear Programming Mixed Integer Linear Programming Generation Scheduling Approach Operating Result Optimisation Optimisation Technique Power Generation Economics Power Generation Planning Power Generation Scheduling Power Grid Power System Economics Power System Managemen Power System Operation Power System Planning And Layout Primary Evaluation Index Pumped Storage Stations And Plant Pumped-storage Power Stations Renewable Energy Source Renewable Energy Source Facilities Renewable Generation Component Renewable Penetration Saturated Island System Small-island System Small-isolated System System Production Cost Virtual Power Plant Wind Power Plant |
| Content Type | Text |
| Resource Type | Article |
| Subject | Renewable Energy, Sustainability and the Environment |
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