Capacity worth of energy storage systems for renewable power generation plants
This report is based on a Final Year Project (FYP) offered by the School of Electrical and Electronic Engineering (EEE). The objective is to develop computational tool which can be used to assess the economics of a hybrid renewable-energy storage system, and to control stored energy through power...
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| Format: | Final Year Project |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/16787 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This report is based on a Final Year Project (FYP) offered by the School of Electrical and
Electronic Engineering (EEE). The objective is to develop computational tool which can
be used to assess the economics of a hybrid renewable-energy storage system, and to
control stored energy through power dispatch. Through analysis, it is intended the study
will provide some useful information on the hybrid renewable energy-energy storage
system (ESS) to be designed.
This report begins with a literature review, followed by the development of a
computational procedure to calculate the optimal dispatch power level and capacity size
of the ESS. A method to forecast the hybrid renewable output power 24-hour ahead is
proposed.
The final outcome of the above computational approach is to allow the dispatch-able
level of the power output and the corresponding capacity of the ESS to be determined.
Some areas recommended for future works are also included. |
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