Value quantification of multiple energy storage to low-carbon combined heat and power system

As the proportion of renewable energy gradually increases, it brings challenges to the stable operation of the combined heat and power (CHP) system. As an important flexible resource, energy storage (ES) has attracted more and more attention. However, the profit of energy storage can’t make up for the investment and operation cost, and there is a lack of measurement system for multiple values, which seriously hinders the development of energy storage industry. Based on this, this paper makes a quantitative analysis on the system value of multiple energy storage in CHP. Firstly, the uncertain output of renewable energy is characterized by Kullback–Leibler (KL) divergence, and a two-level dispatching model is constructed based on the distributionally robust optimization method, so as to study the optimal operation strategy of the ES-CHP system. Secondly, based on the system value theory, this paper analyzes the system value of multiple energy storage, including internal value and external value, and constructs the value quantitative model, respectively. Finally, in a typical ES-CHP system, the system value of multiple energy storage is quantified. The effectiveness of the two-level model constructed in this paper can be seen from the simulation results, and the influence of different electricity prices on the system value of multiple energy storage is further analyzed.