Developing a PV and Energy Storage Sizing Methodology for Off-Grid Transactive Microgrids David Vance, Ali Razban, Peter Schubert, Robert Weissbach

Abstract

A simulation tool was developed through MATLAB for comparing Centralized Energy Sharing (CES) and Interconnected Energy Sharing (IES) operating strategies with a standard Stand-Alone Photovoltaic System (SAPV). The tool can be used to investigate the effect of several variables on cost and trading behavior including: initial charge of Energy Storage System (ESS), amount of load variability, starting month, number of stand-alone systems, geographic location, and required reliability.
It was found that the CES strategy improves initial cost by 7% to 10% compared to a standard SAPV in every simulation. The IES case consistently saved money compared to the baseline, just by a very small amount (less than 1%). The number of systems did not have a demonstrable effect, giving the same cost per system whether there were 2 systems or 50 involved in the trading strategies. Geographic locations studied (Indianapolis, Indiana; Phoenix, Arizona; Little Rock, Arkansas; and Erie, Pennsylvania) showed a large variation on the total installed cost with Phoenix being the least expensive and Erie being the most expensive location. Required reliability showed a consistent and predictable effect with cost going down as the requirement relaxed and more hours of outage were allowed.

Keywords Community Energy Sharing, Off Grid PV, PV Sizing, Energy Storage Sizing, Transactive Microgrid, Blockchain