Title :
Storage optimization in a liberalized energy market
Author_Institution :
Dept. of Power Syst., Budapest Tech., Budapest
Abstract :
The energy crisis requires more generation capability, and that is why the importance of the storage technologies increases. In the liberalized energy market the energy storage activity, this way of the ldquoenergy speculationrdquo is welcome. In this paper a small scale buy-sale optimization strategy is investigated. In the Budapest Tech a model has been built in the renewable energy park. The strategy could be realized in practice by our small scale pumped storage hydro plant, Fuel cell, wind turbine and PV system.
Keywords :
energy storage; fuel cell power plants; hydroelectric power; optimisation; wind turbines; PV system; energy crisis; energy storage; fuel cell; liberalized energy market; pumped storage hydro plant; renewable energy park; storage optimization; wind turbine; Cost function; Energy storage; Floors; Fuel cells; Fuel storage; Hydrogen storage; Power system modeling; Reservoirs; Wind energy generation; Wind turbines; PV; business optimization; energy storage; fuel cell; pumped storage; wind turbine;
Conference_Titel :
Applied Machine Intelligence and Informatics, 2009. SAMI 2009. 7th International Symposium on
Conference_Location :
Herl´any
Print_ISBN :
978-1-4244-3801-3
Electronic_ISBN :
978-1-4244-3802-0
DOI :
10.1109/SAMI.2009.4956614
