Virtual power plant shared energy storage power station

What is a 'virtual power plant'?

A virtual power plant refers to energy pooled from a wide range of energy assets or generators. Households are rewarded for participating, generally through direct payments or bill credits. While household solar batteries are an early focus, the term can encompass various energy sources.

Will shared energy storage participate in the operation mode of multi-virtual power plant?

Considering the high investment cost of the energy storage system, it is proposed that the shared energy storage will participate in the operation mode of the multi-virtual power plant system as an independent subject, which will help to realize a win-win situation in cooperation between the VPP operator and the shared energy storage operator.

What is virtual power plant (VPP)?

There have been abundant studies on the concept and mechanism of virtual power plant VPP. Literature [8, 9] proposed a virtual power plant operation framework that aggregates pumped storage, distributed generation, and flexible load resources in order to promote energy transition.

Can virtual power plant manage distributed power generation?

As a new type of integrated energy service provider, virtual power plant can effectively manage distributed power generation.

How does a virtual power plant cluster work?

For the virtual power plant cluster, the distributed power output of each VPP is prioritized to supply power to the load users in the VPP through the internal grid, and on the basis of satisfying the internal electric load, it interacts with the rest of the VPP to realize mutual transmission of electric energy.

What is shared energy storage?

Shared energy storage is independently configured by a third-party operator and provides energy storage services for multiple virtual power plants. The outer layer is optimised by maximising the annualized revenue of the shared energy storage operator as shown in the following equation.