Matching Items (3)
Description
With growing concern regarding environmental issues and the need for a more sustainable grid, power systems have seen a fast expansion of renewable resources in the last decade. The uncertainty and variability of renewable resources has posed new challenges on system operators. Due to its energy-shifting and fast-ramping capabilities, energy storage (ES) has been considered as an attractive solution to alleviate the increased renewable uncertainty and variability.
In this dissertation, stochastic optimization is utilized to evaluate the benefit of bulk energy storage to facilitate the integration of high levels of renewable resources in transmission systems. A cost-benefit analysis is performed to study the cost-effectiveness of energy storage. A two-step approach is developed to analyze the effectiveness of using energy storage to provide ancillary services. Results show that as renewable penetrations increase, energy storage can effectively compensate for the variability and uncertainty in renewable energy and has increasing benefits to the system.
With increased renewable penetrations, enhanced dispatch models are needed to efficiently operate energy storage. As existing approaches do not fully utilize the flexibility of energy storage, two approaches are developed in this dissertation to improve the operational strategy of energy storage. The first approach is developed using stochastic programming techniques. A stochastic unit commitment (UC) is solved to obtain schedules for energy storage with different renewable scenarios. Operating policies are then constructed using the solutions from the stochastic UC to efficiently operate energy storage across multiple time periods. The second approach is a policy function approach. By incorporating an offline analysis stage prior to the actual operating stage, the patterns between the system operating conditions and the optimal actions for energy storage are identified using a data mining model. The obtained data mining model is then used in real-time to provide enhancement to a deterministic economic dispatch model and improve the utilization of energy storage. Results show that the policy function approach outperforms a traditional approach where a schedule determined and fixed at a prior look-ahead stage is used. The policy function approach is also shown to have minimal added computational difficulty to the real-time market.
In this dissertation, stochastic optimization is utilized to evaluate the benefit of bulk energy storage to facilitate the integration of high levels of renewable resources in transmission systems. A cost-benefit analysis is performed to study the cost-effectiveness of energy storage. A two-step approach is developed to analyze the effectiveness of using energy storage to provide ancillary services. Results show that as renewable penetrations increase, energy storage can effectively compensate for the variability and uncertainty in renewable energy and has increasing benefits to the system.
With increased renewable penetrations, enhanced dispatch models are needed to efficiently operate energy storage. As existing approaches do not fully utilize the flexibility of energy storage, two approaches are developed in this dissertation to improve the operational strategy of energy storage. The first approach is developed using stochastic programming techniques. A stochastic unit commitment (UC) is solved to obtain schedules for energy storage with different renewable scenarios. Operating policies are then constructed using the solutions from the stochastic UC to efficiently operate energy storage across multiple time periods. The second approach is a policy function approach. By incorporating an offline analysis stage prior to the actual operating stage, the patterns between the system operating conditions and the optimal actions for energy storage are identified using a data mining model. The obtained data mining model is then used in real-time to provide enhancement to a deterministic economic dispatch model and improve the utilization of energy storage. Results show that the policy function approach outperforms a traditional approach where a schedule determined and fixed at a prior look-ahead stage is used. The policy function approach is also shown to have minimal added computational difficulty to the real-time market.
ContributorsLi, Nan (Author) / Hedman, Kory W (Thesis advisor) / Tylavksy, Daniel J (Committee member) / Heydt, Gerald T (Committee member) / Sankar, Lalitha (Committee member) / Arizona State University (Publisher)
Created2016
Description
This thesis provides a cost to benefit assessment of the proposed next generation distribution system, the Future Renewable Electric Energy Distribution Management (FREEDM) system. In this thesis, a probabilistic study is conducted to determine the payback period for an investment made in the FREEDM distribution system. The stochastic study will help in performing a detailed analysis in estimating the probability density function and statistics associated with the payback period.
This thesis also identifies several parameters associated with the FREEDM system, which are used in the cost benefit study to evaluate the investment and several direct and indirect benefits. Different topologies are selected to represent the FREEDM test bed. Considering the cost of high speed fault isolation devices, the topology design is selected based on the minimum number of fault isolation devices constrained by enhanced reliability. A case study is also performed to assess the economic impact of energy storage devices in the solid state transformers so that the fault isolation devices may be replaced by conventional circuit breakers.
A reliability study is conducted on the FREEDM distribution system to examine the customer centric reliability index, System Average Interruption Frequency Index (SAIFI). It is observed that the SAIFI was close to 0.125 for the FREEDM distribution system. In addition, a comparison study is performed based on the SAIFI for a representative U.S. distribution system and the FREEDM distribution system.
The payback period is also determined by adopting a theoretical approach and the results are compared with the Monte Carlo simulation outcomes to understand the variation in the payback period. It is observed that the payback period is close to 60 years but if an annual rebate is considered, the payback period reduces to 20 years. This shows that the FREEDM system has a significant potential which cannot be overlooked. Several direct and indirect benefits arising from the FREEDM system have also been discussed in this thesis.
This thesis also identifies several parameters associated with the FREEDM system, which are used in the cost benefit study to evaluate the investment and several direct and indirect benefits. Different topologies are selected to represent the FREEDM test bed. Considering the cost of high speed fault isolation devices, the topology design is selected based on the minimum number of fault isolation devices constrained by enhanced reliability. A case study is also performed to assess the economic impact of energy storage devices in the solid state transformers so that the fault isolation devices may be replaced by conventional circuit breakers.
A reliability study is conducted on the FREEDM distribution system to examine the customer centric reliability index, System Average Interruption Frequency Index (SAIFI). It is observed that the SAIFI was close to 0.125 for the FREEDM distribution system. In addition, a comparison study is performed based on the SAIFI for a representative U.S. distribution system and the FREEDM distribution system.
The payback period is also determined by adopting a theoretical approach and the results are compared with the Monte Carlo simulation outcomes to understand the variation in the payback period. It is observed that the payback period is close to 60 years but if an annual rebate is considered, the payback period reduces to 20 years. This shows that the FREEDM system has a significant potential which cannot be overlooked. Several direct and indirect benefits arising from the FREEDM system have also been discussed in this thesis.
ContributorsDinakar, Abhishek (Author) / Heydt, Gerald T (Thesis advisor) / Vittal, Vijay (Committee member) / Ayyanar, Raja (Committee member) / Arizona State University (Publisher)
Created2016
Description
This thesis provides a cost to benefit analysis of the proposed next generation of distribution systems- the Future Renewable Electric Energy Distribution Management (FREEDM) system. With the increasing penetration of renewable energy sources onto the grid, it becomes necessary to have an infrastructure that allows for easy integration of these resources coupled with features like enhanced reliability of the system and fast pro-tection from faults. The Solid State Transformer (SST) and the Fault Isolation Device (FID) make for the core of the FREEDM system and have huge investment costs.
Some key features of the FREEDM system include improved power flow control, compact design and unity power factor operation. Customers may observe a reduction in the electricity bill by a certain fraction for using renewable sources of generation. There is also a possibility of huge subsidies given to encourage use of renewable energy. This thesis is an attempt to quantify the benefits offered by the FREEDM system in monetary terms and to calculate the time in years required to gain a return on investments made. The elevated cost of FIDs needs to be justified by the advantages they offer. The result of different rates of interest and how they influence the payback period is also studied. The payback periods calculated are observed for viability. A comparison is made between the active power losses on a certain distribution feeder that makes use of distribution level magnetic transformers versus one that makes use of SSTs. The reduction in the annual active power losses in the case of the feeder using SSTs is translated onto annual savings in terms of cost when compared to the conventional case with magnetic transformers. Since the FREEDM system encourages operation at unity power factor, the need for installing capacitor banks for improving the power factor is eliminated and this re-flects in savings in terms of cost. The FREEDM system offers enhanced reliability when compared to a conventional system. The payback periods observed support the concept of introducing the FREEDM system.
Some key features of the FREEDM system include improved power flow control, compact design and unity power factor operation. Customers may observe a reduction in the electricity bill by a certain fraction for using renewable sources of generation. There is also a possibility of huge subsidies given to encourage use of renewable energy. This thesis is an attempt to quantify the benefits offered by the FREEDM system in monetary terms and to calculate the time in years required to gain a return on investments made. The elevated cost of FIDs needs to be justified by the advantages they offer. The result of different rates of interest and how they influence the payback period is also studied. The payback periods calculated are observed for viability. A comparison is made between the active power losses on a certain distribution feeder that makes use of distribution level magnetic transformers versus one that makes use of SSTs. The reduction in the annual active power losses in the case of the feeder using SSTs is translated onto annual savings in terms of cost when compared to the conventional case with magnetic transformers. Since the FREEDM system encourages operation at unity power factor, the need for installing capacitor banks for improving the power factor is eliminated and this re-flects in savings in terms of cost. The FREEDM system offers enhanced reliability when compared to a conventional system. The payback periods observed support the concept of introducing the FREEDM system.
ContributorsRaman, Apurva (Author) / Heydt, Gerald (Thesis advisor) / Karady, George G. (Committee member) / Ayyanar, Raja (Committee member) / Arizona State University (Publisher)
Created2015