Cloud energy storage systems for consumers and prosumers in residential microgrids

Vikash Kumar Saini, Vishu Gupta, Rajesh Kumar, B. K. Panigrahi, M. A. Mahmud

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

4 Citations (Scopus)

Abstract

Distributed energy storage systems (DESSs) have huge potential to balance distributed renewable power generation and load demands for consumers of prosumers. DESSs are capable to reduce barriers by eliminating intermittencies in distributed renewable energy sources in microgrids. Since the electricity prices are higher during the peak hours, DESSs can be used to store energy during residential off-peak (but solar peak) hours and utilized this energy during residential peak hours for reducing electricity bills of consumers or prosumers in microgrids. However, energy storage systems are still expensive components for residential microgrids and these need to be effectively utilized in order to provide a cost-effective solution. In continious analysis economic benifit also carried out. Maximum rate of return on investment, maximum profit margin, and annual revenue are includes in economic analysis. This paper present an alternative solution, a cloud energy storage system (CESS) for effectively utilizing DESSs in residential microgrids while reducing both electricity bills and installation costs for ESSs. This work presents an analysis on the feasibility and profit ability of CESSs.

Original languageEnglish
Title of host publication9th IEEE International Conference on Power Electronics, Drives and Energy Systems, PEDES 2020
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers Inc.
Number of pages6
ISBN (Electronic)9781728156729
ISBN (Print)9781728156736
DOIs
Publication statusPublished - 16 Dec 2020
Externally publishedYes
Event9th IEEE International Conference on Power Electronics, Drives and Energy Systems, PEDES 2020 - Jaipur, India
Duration: 16 Dec 202019 Dec 2020

Publication series

Name9th IEEE International Conference on Power Electronics, Drives and Energy Systems, PEDES 2020

Conference

Conference9th IEEE International Conference on Power Electronics, Drives and Energy Systems, PEDES 2020
Country/TerritoryIndia
CityJaipur
Period16/12/2019/12/20

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