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International Journal of New Developments in Engineering and Society, 2024, 8(4); doi: 10.25236/IJNDES.2024.080404.

Economic Analysis and Optimization of Energy Storage Configuration for Park Power Systems Based on Random Forest and Genetic Algorithm

Author(s)

Yanghui Song, Aoqi Li, Lilei Huo

Corresponding Author:
Yanghui Song
Affiliation(s)

School of Information Science and Technology, Yunnan Normal University, Kunming, 650500, China

Abstract

This study aims to analyze the economic performance of various parks under different conditions, particularly focusing on the operational costs and power load balancing before and after the deployment of energy storage systems. Firstly, the economic performance of the parks without energy storage was analyzed using a random forest model. Taking Park A as an example, it was found that the cost had the greatest correlation with electricity purchase, followed by photovoltaic output, indicating that solar and wind power output are key factors affecting economic performance. Subsequently, the operation of the parks after the configuration of a 50kW/100kWh energy storage system was simulated, and the total cost and operation strategy of the energy storage system were calculated. The results showed that after the deployment of energy storage, the amount of wind and solar power curtailment in each park decreased, and the operational costs were reduced. Finally, a genetic algorithm was used to optimize the energy storage configuration of each park. The energy storage operation strategy was optimized through fitness functions, crossover operations, and mutation operations. After optimization, the economic indicators of Parks A, B, and C all improved. The research results indicate that by optimizing energy storage configuration, each park can reduce costs, enhance economic benefits, and achieve sustainable development of the power system.

Keywords

Random Forest, Genetic Algorithm, Power System Energy Storage Configuration

Cite This Paper

Yanghui Song, Aoqi Li, Lilei Huo. Economic Analysis and Optimization of Energy Storage Configuration for Park Power Systems Based on Random Forest and Genetic Algorithm. International Journal of New Developments in Engineering and Society (2024) Vol.8, Issue 4: 22-29. https://doi.org/10.25236/IJNDES.2024.080404.

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