Economic dispatch of offshore renewable energy resources for islanded communities with optimal storage sizing

Wyckoff, Kevin; Moazeni, Faegheh; Khazaei, Javad; Banerjee, Arindam

doi:10.1016/j.renene.2024.122153

Title: Economic dispatch of offshore renewable energy resources for islanded communities with optimal storage sizing

Journal Article · 30 December 2024 · Renewable Energy

DOI: https://doi.org/10.1016/j.renene.2024.122153 · OSTI ID:2507330

Wyckoff, Kevin ^[1];

^[2]; Khazaei, Javad ^[2];

^[2]

Lehigh University, Bethlehem, PA (United States); Lehigh University
Lehigh University, Bethlehem, PA (United States)

Coastal or isolated microgrids depend on diesel generators and could benefit from renewable energy resources, especially offshore wind and wave energy. Integrating these resources into microgrids is complicated by their high intermittency, which requires optimal economic dispatch to effectively evaluate. This study considers three coastal or islanded sites, and uses mid-fidelity models of wind and wave energy technologies, and local demand data to solve the optimal economic dispatch problem. An optimal storage sizing method is developed that finds the smallest capacity of energy storage required to meet the microgrid load during each season. The storage capacity decreases by a factor of two at most when adding wave energy converters to a system. Adding wave energy converters to a farm decreases cost by about 30%. Furthermore, the required storage size varies by two to three times from summer to winter. Compared with the state-of-the-art approaches that often overlook realistic offshore renewable energy technology in microgrid economic dispatch and optimal storage sizing, the proposed solution introduced in this study allows for better site selection, microgrid design, converter selection, and storage sizing considerations for isolated microgrids.

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Research Organization:: Lehigh University, Bethlehem, PA (United States)

Sponsoring Organization:: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Water Power Technologies Office

Grant/Contract Number:: EE0009450; EE0011379

OSTI ID:: 2507330

Journal Information:: Renewable Energy, Journal Name: Renewable Energy Vol. 241; ISSN 0960-1481

Publisher:: ElsevierCopyright Statement

Country of Publication:: United States

Language:: English

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Title: Economic dispatch of offshore renewable energy resources for islanded communities with optimal storage sizing

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