Optimal energy storing and selling in continuous time stochastic multi-battery setting

TL;DR

This paper introduces a stochastic model for multi-battery energy management that considers system topology, losses, and battery life, and solves the optimal dispatching problem using advanced mathematical methods.

Contribution

It presents a novel stochastic model incorporating system topology, losses, and battery longevity, and provides a solution to the optimal energy dispatching problem.

Findings

Model accounts for system topology and losses.

Optimal dispatching strategy derived using dynamic programming.

Enhances battery lifespan through specialized regimes.

Abstract

The paper suggests a new stochastic model for energy producing, dispatching, and storing in the multi-battery setting that takes into account the topology of the system of the links between the batteries, the transmission and storage losses, and requirements for special regimes for batteries charging and discharging helping to prolong batteries life. For this model, the problem of optimal energy storing and dispatching is considered and solved using dynamic programming and duality methods.