In this paper, an extended analysis of the performance of different hybrid Rechargeable Energy Storage Systems (RESS) for use in Plug-in Hybrid Electric Vehicle (PHEV) with a series drivetrain topology is analyzed, ba...In this paper, an extended analysis of the performance of different hybrid Rechargeable Energy Storage Systems (RESS) for use in Plug-in Hybrid Electric Vehicle (PHEV) with a series drivetrain topology is analyzed, based on simulations with three different driving cycles. The investigated hybrid energy storage topologies are an energy optimized lithium-ion battery (HE) in combination with an Electrical Double-Layer Capacitor (EDLC) system, in combination with a power optimized lithium-ion battery (HP) system or in combination with a Lithium-ion Capacitor (LiCap) system, that act as a Peak Power System. From the simulation results it was observed that hybridization of the HE lithium-ion based energy storage system resulted from the three topologies in an increased overall energy efficiency of the RESS, in an extended all electric range of the PHEV and in a reduced average current through the HE battery. The lowest consumption during the three driving cycles was obtained for the HE-LiCap topology, where fuel savings of respectively 6.0%, 10.3% and 6.8% compared with the battery stand-alone system were achieved. The largest extension of the range was achieved for the HE-HP configuration (17% based on FTP-75 driving cycle). HP batteries however have a large internal resistance in comparison to EDLC and LiCap systems, which resulted in a reduced overall energy efficiency of the hybrid RESS. Additionally, it was observed that the HP and LiCap systems both offer significant benefits for the integration of a peak power system in the drivetrain of a Plug-in Hybrid Electric Vehicle due to their low volume and weight in comparison to that of the EDLC system.展开更多
Present-day power conversion and conditioning systems focus on transferring energy from a single type of power source into a single type of load or energy storage system (ESS). While these systems can be optimized wit...Present-day power conversion and conditioning systems focus on transferring energy from a single type of power source into a single type of load or energy storage system (ESS). While these systems can be optimized within their specific topology (e.g. MPPT for solar applications and BMS for batteries), the topologies are not easily adapted to accept a wide range of power flow operating conditions. With a hybrid approach to energy storage and power flow, a system can be designed to operate at its most advantageous point, given the operating conditions. Based on the load demand, the system can select the optimal power source and ESS. This paper will investigate the feasibility of combining two types of power sources (main utility grid and photovoltaics (PV)) along with two types of ESS (ultra-capacitors and batteries). The simulation results will show the impact of a hybrid ESS on a grid-tied residential microgrid system performance under various operating scenarios.展开更多
The imperative to address traditional energy crises and environmental concerns has accelerated the need for energy structure transformation.However,the variable nature of renewable energy poses challenges in meeting c...The imperative to address traditional energy crises and environmental concerns has accelerated the need for energy structure transformation.However,the variable nature of renewable energy poses challenges in meeting complex practical energy requirements.To address this issue,the construction of a multifunctional large-scale stationary energy storage system is considered an effective solution.This paper critically examines the battery and hydrogen hybrid energy storage systems.Both technologies face limitations hindering them from fully meeting future energy storage needs,such as large storage capacity in limited space,frequent storage with rapid response,and continuous storage without loss.Batteries,with their rapid response(<1 s)and high efficiency(>90%),excel in frequent short-duration energy storage.However,limitations such as a self-discharge rate(>1%)and capacity loss(~20%)restrict their use for long-duration energy storage.Hydrogen,as a potential energy carrier,is suitable for large-scale,long-duration energy storage due to its high energy density,steady state,and low loss.Nevertheless,it is less efficient for frequent energy storage due to its low storage efficiency(~50%).Ongoing research suggests that a battery and hydrogen hybrid energy storage system could combine the strengths of both technologies to meet the growing demand for large-scale,long-duration energy storage.To assess their applied potentials,this paper provides a detailed analysis of the research status of both energy storage technologies using proposed key performance indices.Additionally,application-oriented future directions and challenges of the battery and hydrogen hybrid energy storage system are outlined from multiple perspectives,offering guidance for the development of advanced energy storage systems.展开更多
A smart grid will require, to greater or lesser degrees, advanced tools for planning and operation, broadly accepted communications platforms, smart sensors and controls, and real-time pricing. The smart grid has been...A smart grid will require, to greater or lesser degrees, advanced tools for planning and operation, broadly accepted communications platforms, smart sensors and controls, and real-time pricing. The smart grid has been described as something of an ecosystem with constantly communication, proactive, and virtually self-aware. The use of smart grid has a lot of economical and environmental advantages;however it has a downside of instability and unpredictability introduced by distributed generation (DG) from renewable energy into the public electric systems. Variable energies such as solar and wind power have a lack of stability and to avoid short-term fluctuations in power supplied to the grid, a local storage subsystem could be used to provide higher quality and stability in the fed energy. Energy storage systems (ESSs) would be a facilitator of smart grid deployment and a “small amount” of storage would have a “great impact” on the future power grid. The smart grid, with its various superior communications and control features, would make it possible to integrate the potential application of widely dispersed battery storage systems as well other ESSs. This work deals with a detailed updated review on available ESSs applications in future smart power grids. It also highlights latest projects carried out on different ESSs throughout all around the world.展开更多
Currently, energy storage devices show great promise when used in micro-grid applications, and further advancements in this technology will lead to economically-viable and environmentally-friendly solutions in regards...Currently, energy storage devices show great promise when used in micro-grid applications, and further advancements in this technology will lead to economically-viable and environmentally-friendly solutions in regards to residential energy consumption. Creating a 21st-century energy infrastructure will be fundamental to society in the coming decades and ensuring cost-effective means of doing so will lessen the burden on the average consumer. While current research has focused primarily on fundamental battery research, the economic viability for the average American consumer has been neglected in many cases. In this work, current and future methods of home energy storage are analyzed via a thorough literature review and the most promising current and near-future methods are explored. These methods include current Lithium-Ion Battery (LIB) technology, reused LIB from Electric Vehicles (EVs), Lithium Nickel manganese cobalt oxides (NMC) cathode composition and the utilization of silicon as an anode material. After the potential of these technologies is explored, an analysis of their economic viability for the average consumer is presented. The literature review demonstrates that the current state of LIB is very close to economically feasible;reused LIBs are less viable than new LIBs, and future LIB compositions show great promise in viability. This shows that within the next decade, micro-grids will be a reasonable alternative to utility energy harnessing techniques, and a major step towards green energy consumption will be realized. Hybrid energy storage systems, on the other hand, are shown to be economically infeasible, in the near future, due to their high cost per kWh. However, when analyzing the energy storage capabilities of these systems, it is shown that they may be vital in updated energy infrastructure and provide a cost saving.展开更多
This paper presents a new strategy of embedded energy management between battery and supercapacitors （SC） for hybrid electric vehicles （HEV） applications. This proposal is due to the present trend in the field, kn...This paper presents a new strategy of embedded energy management between battery and supercapacitors （SC） for hybrid electric vehicles （HEV） applications. This proposal is due to the present trend in the field, knowing that the major drawback of the HEV is the autonomy problem. Thus, using supercapacitors and battery with a good energy management improves the HEV performances. The main contribution of this paper is focused on DC-bus voltage and currents control strategies based on polynomial controller. These strategies are implemented in PICI8F4431 microcontroller for DC/DC converters control. Due to reasons of cost and available components （no optimized）, such as the battery and power semiconductors （IGBT）, the experimental tests are carried out in reduced scale （2.7 kW）. Through some simulations and experimental results obtained in reduced scale, the authors present an improved energy management strategy for HEV.展开更多
The upscaling requirements of energy transition highlight the urgent need for ramping up renewables and boosting system efficiencies.However,the stochastic nature of excessive renewable energy resources has challenged...The upscaling requirements of energy transition highlight the urgent need for ramping up renewables and boosting system efficiencies.However,the stochastic nature of excessive renewable energy resources has challenged stable and efficient operation of the power system.Battery energy storage systems(BESSs)have been identified as critical to mitigate random fluctuations,unnecessary green energy curtailment and load shedding with rapid response and flexible connection.On the other hand,an AC/DC hybrid distribution system can offer merged benefits in both AC and DC subsystems without additional losses during AC/DC power conversion.Therefore,configuring BESSs on an AC/DC distribution system is wellpositioned to meet challenges brought by carbon reductions in an efficient way.A bi-level optimization model of BESS capacity allocation for AC/DC hybrid distribution systems,considering the flexibility of voltage source converters(VSCs)and power conversion systems(PCSs),has been established in this paper to address the techno-economic issues that hindered wide implementation.The large-scale nonlinear programming problem has been solved utilizing a genetic algorithm combined with second-order cone programming.Rationality and effectiveness of the model have been verified by setting different scenarios through case studies.Simulation results have demonstrated the coordinated operation of BESS and AC/DC hybrid systems can effectively suppress voltage fluctuations and improve the cost-benefit of BESSs from a life cycle angle.展开更多
Magnesium-lithium hybrid ion batteries have emerged as a new class of energy storage systems owing to dendrite free cycling of magnesium anode and possibility of practice of numerous conventional lithium cathodes.In p...Magnesium-lithium hybrid ion batteries have emerged as a new class of energy storage systems owing to dendrite free cycling of magnesium anode and possibility of practice of numerous conventional lithium cathodes.In present work,we used hybrid ion strategy to analyze the performance of lithium titanate based lithium cathode,magnesium metal anode,and all-phenyl complex(APC)electrolytes at different temperatures(25℃,10℃,0℃,-10℃,and-20℃).The hybrid ion battery exhibited excellent rate performance(228 m Ah g^(-1)/20 m A g^(-1) and 163 mAh g^(-1)/1000 mA g^(-1))with stable voltage plateaus at 0.90 and 0.75 V,which corresponds to specific energy of 178 Wh kg^(-1) at room temperature(25℃).Experimental results revealed that APC-THF solutions have strong potential to suppress the freezing of electrolyte solutions owing to low boiling point of THF.The low temperature electrochemical testing revealed the reversible capacities of 213.4,165.5,143.8,133.2 and 78.56 mAh g^(-1) at 25,10,0,-10,and-20℃,respectively.Furthermore,ex-situ XRD,SEM,and EIS tests were carried out to understand the reaction kinetics of both Mg2+and Li+ions inside the lithium titanate cathode.We hope this work will shed light on low temperature prospective of electrochemical devices for use in cold environments.展开更多
An optimal dispatch strategy for the economic operation of hybrid renewable energy system with storage is presented in this paper. Solar photovoltaic (PV), Wind and Battery Storage are the prime components of interest...An optimal dispatch strategy for the economic operation of hybrid renewable energy system with storage is presented in this paper. Solar photovoltaic (PV), Wind and Battery Storage are the prime components of interest constituting the hybrid system. In addition to the economic aspect of the systems, the formulation focuses on renewable prioritized operation, system reliability and environmental sustainability enhancement. Being a multi-objective (MO) problem, a modified non-dominated sorting particle swarm optimization is used for solving the problem, considering operational cost, pollutant emission, and expected energy not served as operational objectives. The non-dominated sorting particle swarm optimization (NSPSO) is augmented with crowding distance technique, stochastic weight trade-off and chaotic mutation approaches, to control the exploration of global and particle bests, alleviating premature convergence, and enhancing solution search capability. A two-stage approach is used to derive the best solution. A modified IEEE 30-bus test system is used to demonstrate the results. By using the proposed approach, a lower and wider Pareto front is obtained, in comparison with prominent optimization approaches.展开更多
提出了一种混合储能聚合商(hybrid energy storage aggregator,HESA)参与能量-调频市场的控制策略。首先,对于独立系统运营商(ISO)发出的调频指令信号进行VMDWVD时频域分析,重构固有模态分量(IMF)生成高频信号与低频信号,分别作为HESA...提出了一种混合储能聚合商(hybrid energy storage aggregator,HESA)参与能量-调频市场的控制策略。首先,对于独立系统运营商(ISO)发出的调频指令信号进行VMDWVD时频域分析,重构固有模态分量(IMF)生成高频信号与低频信号,分别作为HESA中功率型储能和能量型储能的输入信号。其次,构建了计及多市场价格不确定性的HESA投标与运行策略min-max-min模型,基于列和约束生成算法(C&CG)和强对偶理论对主子问题进行迭代交替求解。最后,基于实际PJM市场的价格、调频信号等数据进行了仿真,验证了HESA主体投标运营策略的有效性。展开更多
Considering the increasing integration of renewable energies into the power grid,batteries are expected to play a key role in the challenge of compensating the stochastic and intermittent nature of these energy source...Considering the increasing integration of renewable energies into the power grid,batteries are expected to play a key role in the challenge of compensating the stochastic and intermittent nature of these energy sources.Besides,the deployment of batteries can increase the benefits of a renewable power plant.One way to increase the profits with batteries studied in this paper is performing energy arbitrage.This strategy is based on storing energy at low electricity price moments and selling it when electricity price is high.In this paper,a hybrid renewable energy system consisting of wind and solar power with batteries is studied,and an optimization process is conducted in order to maximize the benefits regarding the dayahead production scheduling of the plant.A multi-objective cost function is proposed,which,on the one hand,maximizes the obtained profit,and,on the other hand,reduces the loss of value of the battery.A particle swarm optimization algorithm is developed and fitted in order to solve this non-linear multi-objective function.With the aim of analyzing the importance of considering both the energy efficiency of the battery and its loss of value,two more simplified cost functions are proposed.Results show the importance of including the energy efficiency in the cost function to optimize.Besides,it is proven that the battery lifetime increases substantially by using the multi-objective cost function,whereas the profitability is similar to the one obtained in case the loss of value is not considered.Finally,due to the small difference in price among hours in the analyzed Iberian electricity market,it is observed that low profits can be provided to the plant by using batteries just for arbitrage purposes in the day-ahead market.展开更多
文摘In this paper, an extended analysis of the performance of different hybrid Rechargeable Energy Storage Systems (RESS) for use in Plug-in Hybrid Electric Vehicle (PHEV) with a series drivetrain topology is analyzed, based on simulations with three different driving cycles. The investigated hybrid energy storage topologies are an energy optimized lithium-ion battery (HE) in combination with an Electrical Double-Layer Capacitor (EDLC) system, in combination with a power optimized lithium-ion battery (HP) system or in combination with a Lithium-ion Capacitor (LiCap) system, that act as a Peak Power System. From the simulation results it was observed that hybridization of the HE lithium-ion based energy storage system resulted from the three topologies in an increased overall energy efficiency of the RESS, in an extended all electric range of the PHEV and in a reduced average current through the HE battery. The lowest consumption during the three driving cycles was obtained for the HE-LiCap topology, where fuel savings of respectively 6.0%, 10.3% and 6.8% compared with the battery stand-alone system were achieved. The largest extension of the range was achieved for the HE-HP configuration (17% based on FTP-75 driving cycle). HP batteries however have a large internal resistance in comparison to EDLC and LiCap systems, which resulted in a reduced overall energy efficiency of the hybrid RESS. Additionally, it was observed that the HP and LiCap systems both offer significant benefits for the integration of a peak power system in the drivetrain of a Plug-in Hybrid Electric Vehicle due to their low volume and weight in comparison to that of the EDLC system.
文摘Present-day power conversion and conditioning systems focus on transferring energy from a single type of power source into a single type of load or energy storage system (ESS). While these systems can be optimized within their specific topology (e.g. MPPT for solar applications and BMS for batteries), the topologies are not easily adapted to accept a wide range of power flow operating conditions. With a hybrid approach to energy storage and power flow, a system can be designed to operate at its most advantageous point, given the operating conditions. Based on the load demand, the system can select the optimal power source and ESS. This paper will investigate the feasibility of combining two types of power sources (main utility grid and photovoltaics (PV)) along with two types of ESS (ultra-capacitors and batteries). The simulation results will show the impact of a hybrid ESS on a grid-tied residential microgrid system performance under various operating scenarios.
基金supported by the National Key R&D Program of China(2022YFE0101300)the National Natural Science Foundation of China(52176203)+1 种基金the Key R&D Project of Shaanxi Province,China(No.2023-GHZD-13)the“Young Talent Support Plan”of Xi'an Jiaotong University(No.QB-A-JZB2015004).
文摘The imperative to address traditional energy crises and environmental concerns has accelerated the need for energy structure transformation.However,the variable nature of renewable energy poses challenges in meeting complex practical energy requirements.To address this issue,the construction of a multifunctional large-scale stationary energy storage system is considered an effective solution.This paper critically examines the battery and hydrogen hybrid energy storage systems.Both technologies face limitations hindering them from fully meeting future energy storage needs,such as large storage capacity in limited space,frequent storage with rapid response,and continuous storage without loss.Batteries,with their rapid response(<1 s)and high efficiency(>90%),excel in frequent short-duration energy storage.However,limitations such as a self-discharge rate(>1%)and capacity loss(~20%)restrict their use for long-duration energy storage.Hydrogen,as a potential energy carrier,is suitable for large-scale,long-duration energy storage due to its high energy density,steady state,and low loss.Nevertheless,it is less efficient for frequent energy storage due to its low storage efficiency(~50%).Ongoing research suggests that a battery and hydrogen hybrid energy storage system could combine the strengths of both technologies to meet the growing demand for large-scale,long-duration energy storage.To assess their applied potentials,this paper provides a detailed analysis of the research status of both energy storage technologies using proposed key performance indices.Additionally,application-oriented future directions and challenges of the battery and hydrogen hybrid energy storage system are outlined from multiple perspectives,offering guidance for the development of advanced energy storage systems.
文摘A smart grid will require, to greater or lesser degrees, advanced tools for planning and operation, broadly accepted communications platforms, smart sensors and controls, and real-time pricing. The smart grid has been described as something of an ecosystem with constantly communication, proactive, and virtually self-aware. The use of smart grid has a lot of economical and environmental advantages;however it has a downside of instability and unpredictability introduced by distributed generation (DG) from renewable energy into the public electric systems. Variable energies such as solar and wind power have a lack of stability and to avoid short-term fluctuations in power supplied to the grid, a local storage subsystem could be used to provide higher quality and stability in the fed energy. Energy storage systems (ESSs) would be a facilitator of smart grid deployment and a “small amount” of storage would have a “great impact” on the future power grid. The smart grid, with its various superior communications and control features, would make it possible to integrate the potential application of widely dispersed battery storage systems as well other ESSs. This work deals with a detailed updated review on available ESSs applications in future smart power grids. It also highlights latest projects carried out on different ESSs throughout all around the world.
文摘Currently, energy storage devices show great promise when used in micro-grid applications, and further advancements in this technology will lead to economically-viable and environmentally-friendly solutions in regards to residential energy consumption. Creating a 21st-century energy infrastructure will be fundamental to society in the coming decades and ensuring cost-effective means of doing so will lessen the burden on the average consumer. While current research has focused primarily on fundamental battery research, the economic viability for the average American consumer has been neglected in many cases. In this work, current and future methods of home energy storage are analyzed via a thorough literature review and the most promising current and near-future methods are explored. These methods include current Lithium-Ion Battery (LIB) technology, reused LIB from Electric Vehicles (EVs), Lithium Nickel manganese cobalt oxides (NMC) cathode composition and the utilization of silicon as an anode material. After the potential of these technologies is explored, an analysis of their economic viability for the average consumer is presented. The literature review demonstrates that the current state of LIB is very close to economically feasible;reused LIBs are less viable than new LIBs, and future LIB compositions show great promise in viability. This shows that within the next decade, micro-grids will be a reasonable alternative to utility energy harnessing techniques, and a major step towards green energy consumption will be realized. Hybrid energy storage systems, on the other hand, are shown to be economically infeasible, in the near future, due to their high cost per kWh. However, when analyzing the energy storage capabilities of these systems, it is shown that they may be vital in updated energy infrastructure and provide a cost saving.
文摘This paper presents a new strategy of embedded energy management between battery and supercapacitors （SC） for hybrid electric vehicles （HEV） applications. This proposal is due to the present trend in the field, knowing that the major drawback of the HEV is the autonomy problem. Thus, using supercapacitors and battery with a good energy management improves the HEV performances. The main contribution of this paper is focused on DC-bus voltage and currents control strategies based on polynomial controller. These strategies are implemented in PICI8F4431 microcontroller for DC/DC converters control. Due to reasons of cost and available components （no optimized）, such as the battery and power semiconductors （IGBT）, the experimental tests are carried out in reduced scale （2.7 kW）. Through some simulations and experimental results obtained in reduced scale, the authors present an improved energy management strategy for HEV.
基金supported in part by the National Natural Science Foundation of China(No.51777134)in part by a joint project of NSFC of China and EPSRC of UK(No.52061635103 and EP/T021969/1).
文摘The upscaling requirements of energy transition highlight the urgent need for ramping up renewables and boosting system efficiencies.However,the stochastic nature of excessive renewable energy resources has challenged stable and efficient operation of the power system.Battery energy storage systems(BESSs)have been identified as critical to mitigate random fluctuations,unnecessary green energy curtailment and load shedding with rapid response and flexible connection.On the other hand,an AC/DC hybrid distribution system can offer merged benefits in both AC and DC subsystems without additional losses during AC/DC power conversion.Therefore,configuring BESSs on an AC/DC distribution system is wellpositioned to meet challenges brought by carbon reductions in an efficient way.A bi-level optimization model of BESS capacity allocation for AC/DC hybrid distribution systems,considering the flexibility of voltage source converters(VSCs)and power conversion systems(PCSs),has been established in this paper to address the techno-economic issues that hindered wide implementation.The large-scale nonlinear programming problem has been solved utilizing a genetic algorithm combined with second-order cone programming.Rationality and effectiveness of the model have been verified by setting different scenarios through case studies.Simulation results have demonstrated the coordinated operation of BESS and AC/DC hybrid systems can effectively suppress voltage fluctuations and improve the cost-benefit of BESSs from a life cycle angle.
基金JUST Research Start-Up Fund(1062921905)supported。
文摘Magnesium-lithium hybrid ion batteries have emerged as a new class of energy storage systems owing to dendrite free cycling of magnesium anode and possibility of practice of numerous conventional lithium cathodes.In present work,we used hybrid ion strategy to analyze the performance of lithium titanate based lithium cathode,magnesium metal anode,and all-phenyl complex(APC)electrolytes at different temperatures(25℃,10℃,0℃,-10℃,and-20℃).The hybrid ion battery exhibited excellent rate performance(228 m Ah g^(-1)/20 m A g^(-1) and 163 mAh g^(-1)/1000 mA g^(-1))with stable voltage plateaus at 0.90 and 0.75 V,which corresponds to specific energy of 178 Wh kg^(-1) at room temperature(25℃).Experimental results revealed that APC-THF solutions have strong potential to suppress the freezing of electrolyte solutions owing to low boiling point of THF.The low temperature electrochemical testing revealed the reversible capacities of 213.4,165.5,143.8,133.2 and 78.56 mAh g^(-1) at 25,10,0,-10,and-20℃,respectively.Furthermore,ex-situ XRD,SEM,and EIS tests were carried out to understand the reaction kinetics of both Mg2+and Li+ions inside the lithium titanate cathode.We hope this work will shed light on low temperature prospective of electrochemical devices for use in cold environments.
文摘An optimal dispatch strategy for the economic operation of hybrid renewable energy system with storage is presented in this paper. Solar photovoltaic (PV), Wind and Battery Storage are the prime components of interest constituting the hybrid system. In addition to the economic aspect of the systems, the formulation focuses on renewable prioritized operation, system reliability and environmental sustainability enhancement. Being a multi-objective (MO) problem, a modified non-dominated sorting particle swarm optimization is used for solving the problem, considering operational cost, pollutant emission, and expected energy not served as operational objectives. The non-dominated sorting particle swarm optimization (NSPSO) is augmented with crowding distance technique, stochastic weight trade-off and chaotic mutation approaches, to control the exploration of global and particle bests, alleviating premature convergence, and enhancing solution search capability. A two-stage approach is used to derive the best solution. A modified IEEE 30-bus test system is used to demonstrate the results. By using the proposed approach, a lower and wider Pareto front is obtained, in comparison with prominent optimization approaches.
文摘提出了一种混合储能聚合商(hybrid energy storage aggregator,HESA)参与能量-调频市场的控制策略。首先,对于独立系统运营商(ISO)发出的调频指令信号进行VMDWVD时频域分析,重构固有模态分量(IMF)生成高频信号与低频信号,分别作为HESA中功率型储能和能量型储能的输入信号。其次,构建了计及多市场价格不确定性的HESA投标与运行策略min-max-min模型,基于列和约束生成算法(C&CG)和强对偶理论对主子问题进行迭代交替求解。最后,基于实际PJM市场的价格、调频信号等数据进行了仿真,验证了HESA主体投标运营策略的有效性。
文摘Considering the increasing integration of renewable energies into the power grid,batteries are expected to play a key role in the challenge of compensating the stochastic and intermittent nature of these energy sources.Besides,the deployment of batteries can increase the benefits of a renewable power plant.One way to increase the profits with batteries studied in this paper is performing energy arbitrage.This strategy is based on storing energy at low electricity price moments and selling it when electricity price is high.In this paper,a hybrid renewable energy system consisting of wind and solar power with batteries is studied,and an optimization process is conducted in order to maximize the benefits regarding the dayahead production scheduling of the plant.A multi-objective cost function is proposed,which,on the one hand,maximizes the obtained profit,and,on the other hand,reduces the loss of value of the battery.A particle swarm optimization algorithm is developed and fitted in order to solve this non-linear multi-objective function.With the aim of analyzing the importance of considering both the energy efficiency of the battery and its loss of value,two more simplified cost functions are proposed.Results show the importance of including the energy efficiency in the cost function to optimize.Besides,it is proven that the battery lifetime increases substantially by using the multi-objective cost function,whereas the profitability is similar to the one obtained in case the loss of value is not considered.Finally,due to the small difference in price among hours in the analyzed Iberian electricity market,it is observed that low profits can be provided to the plant by using batteries just for arbitrage purposes in the day-ahead market.
