Engineering
3 years ago

Maximizing revenue and reducing waste: Photovoltaic power storage revolutionizes electricity market.

2021 IEEE Sustainable Power and Energy Conference (iSPEC)
Joint Participation of a Photovoltaic-Energy Storage System in Electricity Market Trading
Congbin Liang, Chenjing Ma, Yuantian Xue, Hongfeng Wang, Hongtian Zhang, Chun Wei

Paper Summary

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The article discusses how combining solar power with energy storage can help in trading electricity more efficiently. By using energy storage systems, excess solar energy can be saved for later use, reducing waste. This approach helps balance power supply and demand, making solar power more competitive in the electricity market. The researchers found that integrating energy storage with solar power can increase revenue for power stations and decrease the need to discard unused solar energy.