Developing a Nationwide Energy Storage Policy by Optimal Size and Site Selection

This chapter covers the fundamentals of energy economics by providing details of commonly used several optimization models such as economic dispatch, unit commitment, and optimal power flow. Later, various methods of energy storage modeling are defined. Finally, a two-stage optimization problem is introduced to support the development of nationwide energy storage policy. A case study with a complete data set for the power grid at Turkey is evaluated and the results are discussed in terms of effectiveness of the model.