Discrete and stochastic coalitional storage games

Diego Kiedanski, Ariel Orda, Daniel Kofman

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

As of today, energy storage for residential consumers represents a considerable investment that is not guaranteed to be profitable. Shared investment models in which a group of consumers jointly acquires energy storage have been proposed in the literature to increase the attractiveness of these devices. Such models naturally employ concepts of cooperative game theory. In this paper, we extend the state-of-the-art cooperative game for modeling the shared investment in storage by adding two crucial extensions: stochasticity of the load and discreetness of the storage device capacity. As our goal is to increase storage capacity in the grid, the number of devices that would be acquired by a group of players that cooperate according to our proposed scheme is compared to the number of devices that would be bought by consumers acting individually. Under the same criteria of customer profitability, simulations using real data reveal that our proposed scheme can increase the deployed storage capacity between 100% and 250%.

Original languageEnglish
Title of host publicatione-Energy 2020 - Proceedings of the 11th ACM International Conference on Future Energy Systems
Pages351-362
Number of pages12
ISBN (Electronic)9781450380096
DOIs
StatePublished - 12 Jun 2020
Event11th ACM International Conference on Future Energy Systems, e-Energy 2020 - Virtual, Australia
Duration: 22 Jun 202026 Jun 2020

Publication series

Namee-Energy 2020 - Proceedings of the 11th ACM International Conference on Future Energy Systems

Conference

Conference11th ACM International Conference on Future Energy Systems, e-Energy 2020
Country/TerritoryAustralia
CityVirtual
Period22/06/2026/06/20

Keywords

  • Battery
  • Cooperative Game Theory
  • Energy Storage
  • Prosumer
  • Shared Investment
  • Sharing Economy
  • Smart Grids

All Science Journal Classification (ASJC) codes

  • Energy Engineering and Power Technology
  • Computer Networks and Communications

Fingerprint

Dive into the research topics of 'Discrete and stochastic coalitional storage games'. Together they form a unique fingerprint.

Cite this