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Regular Paper | Open Access

Optimal Offering Strategy of Virtual Power Plant with Hybrid Renewable Ocean Energy Portfolio

Siyuan Guo1, Bin Zhou1 ( ), Ka Wing Chan2, Siqi Bu2, Canbing Li3, Nian Liu4, Cong Zhang1
College of Electrical and Information Engineering, Hunan University, Changsha 410082, China
Department of Electrical Engineering, The Hong Kong Polytechnic University, Hong Kong, China
School of Electronic Information and Electrical Engineering, Shanghai Jiao Tong University, Shanghai 200240, China
State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, North China Electric Power University, Beijing 102206, China
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Abstract

This paper proposes a hybrid ocean energy system to form a virtual power plant (VPP) for participating in electricity markets in order to promote the renewable ocean energy utilization and accommodation. In the proposed system, solar thermal energy is integrated with the closed-cycle ocean thermal energy conversion (OTEC) to boost the temperature differences between the surface and deep seawater for efficiency and flexibility improvements, and the thermodynamic effects of seawater mass flow rates on the output of solar-boosted OTEC (SOTEC) are exploited for deploying SOTEC as a renewable dispatchable unit. An optimal tidal-storage operation model is also developed to make use of subsea pumped storage (SPS) with hydrostatic pressures at ocean depths for mitigating the intermittent tidal range energy in order to make the arbitrage in the electricity market. Furthermore, a two-stage coordinated scheduling strategy is presented to optimally control seawater mass flow rates of SOTEC and hydraulic reversible pump-turbines of SPS for enhancing the daily VPP profit. Comparative studies have been investigated to confirm the superiority of the developed methodology in various renewable ocean energy and electricity market price scenarios.

Keywords

virtual power plantOcean thermal energy conversionrolling optimizationsubsea pumped storage systemtidal power generation

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CSEE Journal of Power and Energy Systems
Volume 9 Issue 6,
November 2023
Pages 2040-2051
DOI: 10.17775/CSEEJPES.2020.06420
Cite this article:
Guo S, Zhou B, Chan KW, et al. Optimal Offering Strategy of Virtual Power Plant with Hybrid Renewable Ocean Energy Portfolio. CSEE Journal of Power and Energy Systems, 2023, 9(6): 2040-2051. https://doi.org/10.17775/CSEEJPES.2020.06420

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Received: 29 November 2020
Revised: 31 March 2021
Accepted: 15 June 2021
Published: 10 September 2021
© 2020 CSEE.

This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
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