What is a new energy cooperation framework for energy storage and prosumers?

A novel energy cooperation framework for energy storage and prosumers is proposed. A bi-level energy trading model considering the network constraints is presented. A profit-sharing mechanism is designed with the asymmetric Nash bargaining model. The adaptive alternating direction method of multipliers is applied efficiently.

Can a new energy cooperation framework improve the energy economy?

A novel energy cooperation framework for CESSs and prosumers is proposed with an energy cooperation platform as an intermediary, improving the energy economy and solution efficiency.

What is energy storage?

Energy storage encompasses an array of technologies that enable energy produced at one time, such as during daylight or windy hours, to be stored for later use. LPO can finance commercially ready projects across storage technologies, including flywheels, mechanical technologies, electrochemical technologies, thermal storage, and chemical storage.

What is the proposed energy cooperation problem?

The proposed energy cooperation problem requires minimizing the social energy costs, which includes all the individual energy costs of prosumers and CESSs. The energy cooperation problem is stated as: (21) Subject to: {(1) - (7), (9), (10) - (20)} (22) (23)

What is energy cooperation platform?

To achieve efficient sharing between CESSs and prosumers, the energy cooperation platform is introduced as a manager to ensure efficient cooperation operation. The feasibility and rationality of similar P2P platforms have been demonstrated in the reference .

What is a two-stage model for energy storage sharing?

For example, formulated a two-stage model for energy storage sharing between CESSs and prosumers, where CESSs decide the price of virtual storage capacity in the first stage and prosumers decide the capacities and charging/discharging power in the second stage.