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Optimization of Frequency Modulation Energy Storage Configuration in Power Grid Based on Equivalent Full Cycle Model

Author

Listed:
  • Wentao Huang

    (College of Electrical and Electronic Engineering, Hubei University of Technology, Wuhan 430070, China)

  • Qingqing Zheng

    (College of Electrical and Electronic Engineering, Hubei University of Technology, Wuhan 430070, China)

  • Ying Hu

    (College of Electrical and Electronic Engineering, Hubei University of Technology, Wuhan 430070, China)

  • Yalan Huang

    (College of Electrical and Electronic Engineering, Hubei University of Technology, Wuhan 430070, China)

  • Shasha Zhou

    (College of Electrical and Electronic Engineering, Hubei University of Technology, Wuhan 430070, China)

Abstract

This paper aims to meet the challenges of large-scale access to renewable energy and increasingly complex power grid structure, and deeply discusses the application value of energy storage configuration optimization scheme in power grid frequency modulation. Based on the equivalent full cycle model and a large number of actual operation data, various energy storage technologies are technically analyzed, and the economic and environmental performance of different energy storage configuration schemes are comprehensively evaluated. On this basis, this paper puts forward a set of efficient and economical energy storage configuration optimization strategies to meet the demand of power grid frequency modulation and promote the wide application of energy storage technology. After an in-depth analysis, it is found that the optimized energy storage configuration scheme is excellent in technology, economy, and environmental protection. Specifically, in terms of technical performance, the optimization scheme has significantly improved key indicators such as energy storage efficiency, capacity and power, and response speed, which can better meet the requirements of power grid frequency modulation. Through the verification of actual operation data, it is found that the overall efficiency of the optimized energy storage configuration scheme is above 55%, which is helpful to the stability and efficiency of power grid frequency modulation. In terms of economic performance, although the initial investment cost of the optimization scheme may be high, it is found that it has good economy through the evaluation of long-term operation benefits. Considering that the energy storage system can reduce the operating cost of the power grid, improve the energy utilization rate, and achieve the optimization of cost-effectiveness in the long run, this scheme is economically feasible and attractive. In terms of environmental performance, the optimization scheme effectively reduces the negative impact on the environment by improving energy storage efficiency, reducing emissions, and optimizing resource utilization. This is not only conducive to the sustainable development of the power grid but also in line with the current global trend of promoting green and low-carbon transformation. To sum up, this paper not only provides an efficient and economical energy storage allocation optimization strategy for power grid frequency modulation but also provides a scientific basis for relevant decision-making departments. By promoting the practical application and development of energy storage technology, this paper is helpful to improve the frequency modulation ability of power grid, optimize energy structure, and reduce environmental pollution, and thus achieve the goal of sustainable energy development. The data results and in-depth analysis of this paper provide strong support for the practical application of energy storage configuration optimization scheme and also provide important reference for the further innovation and development of energy storage technology.

Suggested Citation

  • Wentao Huang & Qingqing Zheng & Ying Hu & Yalan Huang & Shasha Zhou, 2024. "Optimization of Frequency Modulation Energy Storage Configuration in Power Grid Based on Equivalent Full Cycle Model," Energies, MDPI, vol. 17(9), pages 1-15, April.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:9:p:2120-:d:1385633
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    References listed on IDEAS

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    5. Tang, Hong & Wang, Shengwei, 2023. "Life-cycle economic analysis of thermal energy storage, new and second-life batteries in buildings for providing multiple flexibility services in electricity markets," Energy, Elsevier, vol. 264(C).
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