Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan
This study investigates the role of integrated photovoltaic and energy storage systems in facilitating the net-zero transition for both governments and consumers. A bi-level planning model is proposed to address the challenges encountered by existing power supply systems in meeting the escalating el...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-08-01
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| Series: | Electronics |
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| Online Access: | https://www.mdpi.com/2079-9292/12/16/3417 |
| _version_ | 1797584923387756544 |
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| author | Ting-Yu Liao Hsin-Wei Hsu Bing-Jyun Chen Chih-Kang Wang Jing-Ying Fu |
| author_facet | Ting-Yu Liao Hsin-Wei Hsu Bing-Jyun Chen Chih-Kang Wang Jing-Ying Fu |
| author_sort | Ting-Yu Liao |
| collection | DOAJ |
| description | This study investigates the role of integrated photovoltaic and energy storage systems in facilitating the net-zero transition for both governments and consumers. A bi-level planning model is proposed to address the challenges encountered by existing power supply systems in meeting the escalating electricity demands. In the upper level, governments provide incentives to users through subsidies for photovoltaic power generation, energy storage system installations, and electricity procurement. Meanwhile, at the lower level, load requirements are optimized, and costs are minimized by integrating solar power generation, battery energy storage, and electricity procurement. To effectively address these complexities, a hybrid physics-inspired algorithm for bi-level programming is utilized for iterative problem solving. The findings indicate that relying on photovoltaic output during peak load periods and conducting small electricity purchases, while storing excess electricity, proves to be an efficient approach. This model offers a cost-effective solution for managing energy consumption, mitigating potential power shortages, and reducing frequent outages. Furthermore, this research contributes to a comprehensive understanding of the net-zero transition and its implications for power supply systems. Specifically, it highlights the significance of integrated photovoltaic and energy storage systems in assisting businesses with specific energy storage planning, determining optimal charging and discharging schedules, and considering government subsidies. |
| first_indexed | 2024-03-10T23:59:36Z |
| format | Article |
| id | doaj.art-cc7186cced544f1a849edf74f71ac78c |
| institution | Directory Open Access Journal |
| issn | 2079-9292 |
| language | English |
| last_indexed | 2024-03-10T23:59:36Z |
| publishDate | 2023-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Electronics |
| spelling | doaj.art-cc7186cced544f1a849edf74f71ac78c2023-11-19T00:53:19ZengMDPI AGElectronics2079-92922023-08-011216341710.3390/electronics12163417Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in TaiwanTing-Yu Liao0Hsin-Wei Hsu1Bing-Jyun Chen2Chih-Kang Wang3Jing-Ying Fu4Department of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 320314, TaiwanDepartment of Industrial Engineering and Management, National Taipei University of Technology, Taipei 106344, TaiwanDepartment of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 320314, TaiwanDepartment of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 320314, TaiwanDepartment of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 320314, TaiwanThis study investigates the role of integrated photovoltaic and energy storage systems in facilitating the net-zero transition for both governments and consumers. A bi-level planning model is proposed to address the challenges encountered by existing power supply systems in meeting the escalating electricity demands. In the upper level, governments provide incentives to users through subsidies for photovoltaic power generation, energy storage system installations, and electricity procurement. Meanwhile, at the lower level, load requirements are optimized, and costs are minimized by integrating solar power generation, battery energy storage, and electricity procurement. To effectively address these complexities, a hybrid physics-inspired algorithm for bi-level programming is utilized for iterative problem solving. The findings indicate that relying on photovoltaic output during peak load periods and conducting small electricity purchases, while storing excess electricity, proves to be an efficient approach. This model offers a cost-effective solution for managing energy consumption, mitigating potential power shortages, and reducing frequent outages. Furthermore, this research contributes to a comprehensive understanding of the net-zero transition and its implications for power supply systems. Specifically, it highlights the significance of integrated photovoltaic and energy storage systems in assisting businesses with specific energy storage planning, determining optimal charging and discharging schedules, and considering government subsidies.https://www.mdpi.com/2079-9292/12/16/3417energy storageoptimizationphotovoltaic systembi-level programmingsubsidy |
| spellingShingle | Ting-Yu Liao Hsin-Wei Hsu Bing-Jyun Chen Chih-Kang Wang Jing-Ying Fu Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan Electronics energy storage optimization photovoltaic system bi-level programming subsidy |
| title | Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan |
| title_full | Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan |
| title_fullStr | Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan |
| title_full_unstemmed | Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan |
| title_short | Evaluating the Role of Integrated Photovoltaic and Energy Storage Systems in the Net-Zero Transition: A Case Study in Taiwan |
| title_sort | evaluating the role of integrated photovoltaic and energy storage systems in the net zero transition a case study in taiwan |
| topic | energy storage optimization photovoltaic system bi-level programming subsidy |
| url | https://www.mdpi.com/2079-9292/12/16/3417 |
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