Abstract
Consumption of green energy in residential communities is increasing compared to conventional supply. However, the variability in generation due to different weather parameters is a significant challenge to their growth rate. Energy storage has the potential to address this issue, and sharing economy-based cloud energy storage (CES) has gained popularity as a way to reduce energy consumption costs and increase revenue. This study analyzes the deployment of CES infrastructure operation in seven residential smart homes community. All seven homes utilized CES services based on their daily net load demand. In the first phase, the PSO algorithm optimized the load trajectory, taking into account all smart home parameters and physical components. Subsequently, the operational cost of CES in the community is evaluated in scenarios with and without home energy management systems. Simulation results indicated that the energy consumption cost of the residential community from the grid is zero, and revenue is 43.59% higher when home energy management systems are employed. The modeled home parameters significantly affected total community energy costs.
| Original language | English |
|---|---|
| Title of host publication | 2023 IEEE IAS Global Conference on Emerging Technologies, GlobConET 2023 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9798350331790 |
| DOIs | |
| Publication status | Published - 2023 |
| Externally published | Yes |
| Event | 2023 IEEE IAS Global Conference on Emerging Technologies, GlobConET 2023 - London, United Kingdom Duration: 19 May 2023 → 21 May 2023 |
Publication series
| Name | 2023 IEEE IAS Global Conference on Emerging Technologies, GlobConET 2023 |
|---|
Conference
| Conference | 2023 IEEE IAS Global Conference on Emerging Technologies, GlobConET 2023 |
|---|---|
| Country/Territory | United Kingdom |
| City | London |
| Period | 19/05/23 → 21/05/23 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
Keywords
- Cloud Energy Storage
- Energy storage
- Home Energy Management
- Photovoltaic System
ASJC Scopus subject areas
- Artificial Intelligence
- Computer Vision and Pattern Recognition
- Information Systems and Management
- Energy Engineering and Power Technology
- Renewable Energy, Sustainability and the Environment
- Electrical and Electronic Engineering
- Safety, Risk, Reliability and Quality
- Control and Optimization
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