Optimal sizing of Battery Energy Storage Systems for self-consumption in Urban Micro-grids

With the increased adoption of distributed energy resources in the urban context, there is a growing potential for the realization of grid-connected networked micro-grids that can facilitate the collective utilization of local energy resources. The coordination of different flexibilities in the generation and demand side, complemented by energy storage systems is required for efficient local energy management. This work discusses a study on the sizing of battery energy storage systems for optimizing the overall return on such investment on the local scale and the planning of its operation for such self-consumption and market participation use cases. The simulation studies have been conducted based on historical wholesale electricity price data of the region.