Consumer, producer, and prosumer based mathematical models for optimal energy storage sizing

Abstract

Energy storage technologies are getting more attention by the increased number of discussions on energy supply security, grid resiliency, and increased flexibility. While lots of studies showed the advantages and disadvantages of energy storage systems for various use cases, very few have studied the storage unit sizing for best results. This study aims to present mathematical models for three critical roles in the grid: consumer, producer, and prosumer. Moreover, the solutions of the models for the actual test cases are analyzed and discussed to further deliver the significance of such a study.