Abstract
Abstract Massive investments in renewable energy, like solar power, are challenged by the variability of their production, which threatens grid stability. Energy storage is a critical technology for ensuring a reliable supply. This article presents a cost-optimization model for strategically placing storage to minimize total annual costs, encompassing installation, operation, and transmission. A case study in Miskolc, Hungary, reveals that transmission costs are comparable to installation costs, validating the integrated optimization approach for achieving economic viability.
Keywords
Renewable energy
Energy storage
Grid
Transmission (telecommunications)
Photovoltaic system
Intermittent energy source
Solar energy
Production (economics)
Pumped-storage hydroelectricity
Engineering
Environmental economics
Reliability engineering
Subject Areas
Optimal Power Flow Distribution
·Electrical and Electronic Engineering ·Physical Sciences
Integrated Energy Systems Optimization
·Electrical and Electronic Engineering ·Physical Sciences
Microgrid Control and Optimization
·Control and Systems Engineering ·Physical Sciences
OpenAlex SDG Match
SDGs auto-classified by OpenAlex (score ≥ 0.4 shown).
Affordable and clean energy 81%