The benefits of peer-to-peer renewable energy trading and battery storage backup for local grid
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Publication date
2023
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01A - Journal article
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Parent work
Journal of Energy Storage
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Volume
63
Issue / Number
Pages / Duration
106970
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Elsevier
Place of publication / Event location
Amsterdam
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Abstract
Global warming is encouraging people to use renewable energy sources, so the use of distributed generation in homes and the exchange of energy pose many challenges for traditional grids. Peer-to-peer energy trading is one of the promising ways to tackle the use of distributed generation and environmental problems. In this research, a peer-to-peer energy trading system is designed where each house has different types of decentralized generations as well as battery storage and can trade electricity directly with either peers or the power grid without intermediaries. Moreover, this local grid, considers a central battery to reduce dependence on the power grid and efficiently use the excess energy of the houses. The proposed mathematical model is simulated according to real-world data from Iran, and a comparison is made between a model with the possibility of trading energy in a peer-to-peer grid and a model without this possibility; it turns out that the use of peer-to-peer trade can enable significant profits and benefits for peers, and central battery storage can play a crucial role in increasing profit for all peers.
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330 - Wirtschaft
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ISBN
ISSN
2352-152X
Language
English
Created during FHNW affiliation
Yes
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Publication status
Published
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Closed
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Citation
SAHEBI, Hadi, Mohammad Reza KHODOOMI, Marziye SEIF, MirSaman PISHVAEE und Thomas HANNE, 2023. The benefits of peer-to-peer renewable energy trading and battery storage backup for local grid. Journal of Energy Storage. 2023. Bd. 63, S. 106970. DOI 10.1016/j.est.2023.106970. Verfügbar unter: https://irf.fhnw.ch/handle/11654/48208