Optimization of Pumped Storage Capacity in an Isolated Power System With Large Renewable Penetration

Abstract

<para xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"> This work describes an economic analysis of the inclusion of pumped storage in a small island system that has abundant renewable energy available but that at times cannot accept all of this power because of limits imposed by security criteria. The question of whether or how much pumped storage to include is addressed by formulating a linear programming optimization problem. The stochastic nature of load and renewable production is addressed using scenarios developed through fuzzy clustering. Both the unit capacity in MW and the reservoir storage capacity in MWh are optimized, and optimal operating strategies for the scenarios are produced. </para>