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From homeowner and investor perspective, integration of renewable energy with battery energy storage system (BESS) can have economic benefits. This paper presents the results of battery control in residential microgrid system using photovoltaic (PV) distributed energy resource (DER) in residential applications in Ottawa, Ontario. The battery flow is controlled on an hourly basis to optimize the cost...
In this paper we develop a novel approach that simultaneously optimizes a wind farm and its financing for an improved economic analysis of wind energy projects. In our analysis we compare the energy yield of optimal wind energy projects with different turbine technologies under varying electricity price and wind speed scenarios. We perform extensive simulation studies and build statistical confidence...
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