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Analysis on impact of shared energy storage in residential community: Individual versus shared energy storage

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  • Walker, Awnalisa
  • Kwon, Soongeol

Abstract

Considering a scenario where residential consumers are equipped with solar photovoltaic (PV) panels integrated with energy storage while shifting the portion of their electricity demand load in response to time-varying electricity price, i.e., demand response, this study is motivated to analyze the practical benefits of using shared energy storage in residential communities. The main objective of this study is to compare individual and shared energy storage operations economically (in terms of electricity cost) and operationally (in terms of energy storage use) with various parameter settings. We propose mathematical optimization models formulated to find optimal energy operations of individual and shared energy storage so that the best practices can be compared. Through the analysis of the optimal shared energy storage operations resulting from the mathematical optimization model, we intend to discover underlying patterns that can be used for developing efficient control policies tailored to shared energy storage use. We conduct numerical experiments using real historical data, and the results show that shared energy storage results in electricity cost saving with higher utilization compared to individual energy storage. Cost savings and energy storage utilization improvements up to 13.82% and 38.98%, respectively, exist when using shared energy storage instead of individual energy storage. We find that the maximum charging/discharging rate parameters have the most significant effect on individual and shared energy storage settings. We provide useful insights about how to assign residential consumers to shared energy storage and how to control changing and discharging shared energy storage by multiple consumers.

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  • Walker, Awnalisa & Kwon, Soongeol, 2021. "Analysis on impact of shared energy storage in residential community: Individual versus shared energy storage," Applied Energy, Elsevier, vol. 282(PA).
    • Handle: RePEc:eee:appene:v:282:y:2021:i:pa:s0306261920315749
    DOI: 10.1016/j.apenergy.2020.116172
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    14. Gao, Jianwei & Wang, Yaping & Huang, Ningbo & Wei, Lingli & Zhang, Zixuan, 2022. "Optimal site selection study of wind-photovoltaic-shared energy storage power stations based on GIS and multi-criteria decision making: A two-stage framework," Renewable Energy, Elsevier, vol. 201(P1), pages 1139-1162.
    15. Shi, Mengshu & Huang, Yuansheng & Lin, Hongyu, 2023. "Research on power to hydrogen optimization and profit distribution of microgrid cluster considering shared hydrogen storage," Energy, Elsevier, vol. 264(C).
    16. Bian, Yifan & Xie, Lirong & Ye, Jiahao & Ma, Lan & Cui, Chuanshi, 2024. "Peer-to-peer energy sharing model considering multi-objective optimal allocation of shared energy storage in a multi-microgrid system," Energy, Elsevier, vol. 288(C).
    17. Bouthaina El Barkouki & Mohamed Laamim & Abdelilah Rochd & Jae-won Chang & Aboubakr Benazzouz & Mohammed Ouassaid & Moses Kang & Hakgeun Jeong, 2023. "An Economic Dispatch for a Shared Energy Storage System Using MILP Optimization: A Case Study of a Moroccan Microgrid," Energies, MDPI, vol. 16(12), pages 1-19, June.
    18. Grmay Yordanos Brhane & Eunsung Oh & Sung-Yong Son, 2024. "Virtual Energy Storage System Scheduling for Commercial Buildings with Fixed and Dynamic Energy Storage," Energies, MDPI, vol. 17(13), pages 1-19, July.
    19. Bian, Yifan & Xie, Lirong & Ye, Jiahao & Ma, Lan, 2024. "A new shared energy storage business model for data center clusters considering energy storage degradation," Renewable Energy, Elsevier, vol. 225(C).
    20. Zhaonian Ye & Yongzhen Wang & Kai Han & Changlu Zhao & Juntao Han & Yilin Zhu, 2023. "Bi-Objective Optimization and Emergy Analysis of Multi-Distributed Energy System Considering Shared Energy Storage," Sustainability, MDPI, vol. 15(2), pages 1-23, January.
    21. He, Ye & Wu, Hongbin & Wu, Andrew Y. & Li, Peng & Ding, Ming, 2024. "Optimized shared energy storage in a peer-to-peer energy trading market: Two-stage strategic model regards bargaining and evolutionary game theory," Renewable Energy, Elsevier, vol. 224(C).
    22. Chang, Weiguang & Dong, Wei & Yang, Qiang, 2023. "Day-ahead bidding strategy of cloud energy storage serving multiple heterogeneous microgrids in the electricity market," Applied Energy, Elsevier, vol. 336(C).
    23. Dong, Haiyan & Fu, Yanbo & Jia, Qingquan & Wen, Xiangyun, 2022. "Optimal dispatch of integrated energy microgrid considering hybrid structured electric-thermal energy storage," Renewable Energy, Elsevier, vol. 199(C), pages 628-639.
    24. Kang, Hyuna & Jung, Seunghoon & Lee, Minhyun & Hong, Taehoon, 2022. "How to better share energy towards a carbon-neutral city? A review on application strategies of battery energy storage system in city," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).
    25. Du, Sipeng & Wu, Di & Dai, Zhong & Li, Guiqiang & Lahaxibai, Shala, 2023. "Regional collaborative planning equipped with shared energy storage under multi-time scale rolling optimisation method," Energy, Elsevier, vol. 277(C).

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