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Energy storage (ES) is a pivotal technology for dealing with the challenges caused by the integration of renewable energy sources. It is expected that a decrease in the capital cost of storage will eventually spur the deployment of large amounts of ES. These devices will provide transmission services, such as spatiotemporal energy arbitrage, i.e., storing surplus energy from intermittent renewable...
The U.S federal government's strategic vision encouraging renewable energy production has motivated several new energy generation projects. Among them are large-scale renewable energy farm building efforts, where one considers the renewable resource potential along with land, equipment, and installation costs. The goal in the planning phase of these efforts is to maximize the return on investment...
This paper describes an alternative method for grid expansion planning considering construction cost, probabilistic production cost, congestion cost and outage cost of a grid at a composite power system derived from a simulation model. In this paper, a heuristic scenario method is proposed to choose the least cost solution (scenario) among various scenarios considering candidate new lines. The characteristics...
Summary form only given. Power system planning and operation is designed to ensure sufficient reserve margins and the ability to adequately withstand sudden events or contingencies such as outages of transmission lines, transformers and generators. Approaches to address the planning aspects have been discussed under the topic of Resource Adequacy and continue to evolve. Approaches to address operational...
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