Mengxi energy storage virtual power plant

What is a virtual power plant?

Energy, Sustainability and Society 14, Article number: 52 (2024) Cite this article Virtual power plants (VPPs) represent a pivotal evolution in power system management, offering dynamic solutions to the challenges of renewable energy integration, grid stability, and demand-side management.

What is the formulated problem in a virtual power plant?

The formulated problem aims to specify the minimum weighted sum of energy cost, energy loss, and voltage security index, considering the optimal power flow model, voltage security formulation, and the operating model of the virtual power plant. The virtual unit includes renewable sources, like wind systems, photovoltaic, and bio-waste units.

Does a hybrid storage-wind virtual power plant participate in the electricity markets?

Alahyari A, Ehsan M, Mousavizadeh M (2019) A hybrid storage-wind virtual power plant (VPP) participation in the electricity markets: a self-scheduling optimization considering price, renewable generation, and electric vehicles uncertainties.

Can lithium-ion batteries be used in virtual power plants?

Stroe DI (2014) Lifetime models for lithium-ion batteries used in virtual power plant applications. Aalborg University, Department of Energy Technology Behi B, Arefi A, Jennings P, et al (2020) Consumer engagement in virtual power plants through gamification. In: 2020 5th international conference on power and renewable energy (ICPRE). pp 131–137

Does optimal power management improve the power flow of renewable virtual units?

According to numerical results, the approach with optimal power management of renewable virtual units is capable of boosting the economic, operation, and voltage security status of the network by approximately 43%, 47–62%, and 26.9%, respectively, to power flow studies.

Can virtual power plants improve the economic and technical status of distribution networks?

Based on the numerical results, it was observed that the virtual power plants with their optimal performance in the distribution network can improve the economic and technical status of this network. Therefore, they can benefit from this in different markets.