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.

How will a pumped storage power plant contribute to the energy transition?

The company is making a significant contribution to the energy transition and is continuing its corporate transformation towards more renewable energy generation. By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany.

Is CCUS a cooperative operation model for a thermal power plant?

Carbon-capture-utilization-and-storage (CCUS) system plays a critical role in the process of decarbonization. This paper proposes a cooperative operation model for a CCUS-based thermal power plant and distributed energy resources.

Can shared energy storage be allocated in New energy field stations?

Literature [29, 30] constructed an operational architecture and operation optimisation model for the allocation of shared energy storage in new energy field stations on the power generation side.

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.

Why should we invest in a pumped storage power plant?

By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany. This investment is part of our previously announced strategy to invest in growth and transformation towards a greener business.