Economic dispatch of microgrid considering optimal management of lithium batteries

Zhong Zhang; Jianxue Wang; Xiaoyu Cao

doi:10.1109/POWERCON.2014.6993716

Economic dispatch of microgrid considering optimal management of lithium batteries

Zhong Zhang
, Jianxue Wang
, Xiaoyu Cao

Xi'an Jiaotong University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

8 Scopus citations

Abstract

Energy storage device is an important component to facilitate microgrid (MG) stable and efficient operation and has great prospect in the future power system. This paper mainly dose two contributions with regard to the grid-connected MG. Firstly, charging strategy for lithium batteries is modeled based on which the economic dispatch model of MG is developed. Secondly, depreciation cost of lithium batteries is added to the cost function of the proposed economic dispatch model. The proposed dispatch model is demonstrated to be successful to achieve the optimal management of the lithium battery. This study is favorable to prolong the cycle life, achieves sufficient utilization of the lithium battery, and provides a theoretical basis for charging process management and optimal DOD dispatch of the lithium battery storage in MG.

Original language	English
Title of host publication	POWERCON 2014 - 2014 International Conference on Power System Technology
Subtitle of host publication	Towards Green, Efficient and Smart Power System, Proceedings
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	3194-3199
Number of pages	6
ISBN (Electronic)	9781479950324
DOIs	https://doi.org/10.1109/POWERCON.2014.6993716
State	Published - 18 Dec 2014
Event	2014 International Conference on Power System Technology, POWERCON 2014 - Chengdu, China Duration: 20 Oct 2014 → 22 Oct 2014

Publication series

Name	POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings

Conference

Conference	2014 International Conference on Power System Technology, POWERCON 2014
Country/Territory	China
City	Chengdu
Period	20/10/14 → 22/10/14

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Charging strategy
Economic dispatch
Lithium battery
Microgrid

Access to Document

10.1109/POWERCON.2014.6993716

Cite this

Zhang, Z., Wang, J., & Cao, X. (2014). Economic dispatch of microgrid considering optimal management of lithium batteries. In POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings (pp. 3194-3199). Article 6993716 (POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/POWERCON.2014.6993716

Zhang, Zhong ; Wang, Jianxue ; Cao, Xiaoyu. / Economic dispatch of microgrid considering optimal management of lithium batteries. POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings. Institute of Electrical and Electronics Engineers Inc., 2014. pp. 3194-3199 (POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings).

@inproceedings{5429fb00a01a40d088c6cf699e7b0512,

title = "Economic dispatch of microgrid considering optimal management of lithium batteries",

abstract = "Energy storage device is an important component to facilitate microgrid (MG) stable and efficient operation and has great prospect in the future power system. This paper mainly dose two contributions with regard to the grid-connected MG. Firstly, charging strategy for lithium batteries is modeled based on which the economic dispatch model of MG is developed. Secondly, depreciation cost of lithium batteries is added to the cost function of the proposed economic dispatch model. The proposed dispatch model is demonstrated to be successful to achieve the optimal management of the lithium battery. This study is favorable to prolong the cycle life, achieves sufficient utilization of the lithium battery, and provides a theoretical basis for charging process management and optimal DOD dispatch of the lithium battery storage in MG.",

keywords = "Charging strategy, Economic dispatch, Lithium battery, Microgrid",

author = "Zhong Zhang and Jianxue Wang and Xiaoyu Cao",

note = "Publisher Copyright: {\textcopyright} 2014 IEEE.; 2014 International Conference on Power System Technology, POWERCON 2014 ; Conference date: 20-10-2014 Through 22-10-2014",

year = "2014",

month = dec,

day = "18",

doi = "10.1109/POWERCON.2014.6993716",

language = "英语",

series = "POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "3194--3199",

booktitle = "POWERCON 2014 - 2014 International Conference on Power System Technology",

}

Zhang, Z, Wang, J & Cao, X 2014, Economic dispatch of microgrid considering optimal management of lithium batteries. in POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings., 6993716, POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings, Institute of Electrical and Electronics Engineers Inc., pp. 3194-3199, 2014 International Conference on Power System Technology, POWERCON 2014, Chengdu, China, 20/10/14. https://doi.org/10.1109/POWERCON.2014.6993716

Economic dispatch of microgrid considering optimal management of lithium batteries. / Zhang, Zhong; Wang, Jianxue; Cao, Xiaoyu.
POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings. Institute of Electrical and Electronics Engineers Inc., 2014. p. 3194-3199 6993716 (POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Economic dispatch of microgrid considering optimal management of lithium batteries

AU - Zhang, Zhong

AU - Wang, Jianxue

AU - Cao, Xiaoyu

PY - 2014/12/18

Y1 - 2014/12/18

N2 - Energy storage device is an important component to facilitate microgrid (MG) stable and efficient operation and has great prospect in the future power system. This paper mainly dose two contributions with regard to the grid-connected MG. Firstly, charging strategy for lithium batteries is modeled based on which the economic dispatch model of MG is developed. Secondly, depreciation cost of lithium batteries is added to the cost function of the proposed economic dispatch model. The proposed dispatch model is demonstrated to be successful to achieve the optimal management of the lithium battery. This study is favorable to prolong the cycle life, achieves sufficient utilization of the lithium battery, and provides a theoretical basis for charging process management and optimal DOD dispatch of the lithium battery storage in MG.

AB - Energy storage device is an important component to facilitate microgrid (MG) stable and efficient operation and has great prospect in the future power system. This paper mainly dose two contributions with regard to the grid-connected MG. Firstly, charging strategy for lithium batteries is modeled based on which the economic dispatch model of MG is developed. Secondly, depreciation cost of lithium batteries is added to the cost function of the proposed economic dispatch model. The proposed dispatch model is demonstrated to be successful to achieve the optimal management of the lithium battery. This study is favorable to prolong the cycle life, achieves sufficient utilization of the lithium battery, and provides a theoretical basis for charging process management and optimal DOD dispatch of the lithium battery storage in MG.

KW - Charging strategy

KW - Economic dispatch

KW - Lithium battery

KW - Microgrid

UR - https://www.scopus.com/pages/publications/84925271764

U2 - 10.1109/POWERCON.2014.6993716

DO - 10.1109/POWERCON.2014.6993716

M3 - 会议稿件

AN - SCOPUS:84925271764

T3 - POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings

SP - 3194

EP - 3199

BT - POWERCON 2014 - 2014 International Conference on Power System Technology

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 2014 International Conference on Power System Technology, POWERCON 2014

Y2 - 20 October 2014 through 22 October 2014

ER -

Zhang Z, Wang J, Cao X. Economic dispatch of microgrid considering optimal management of lithium batteries. In POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings. Institute of Electrical and Electronics Engineers Inc. 2014. p. 3194-3199. 6993716. (POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings). doi: 10.1109/POWERCON.2014.6993716

Economic dispatch of microgrid considering optimal management of lithium batteries

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this