Energy Storage Sizing and Probabilistic Reliability Assessment for Power Systems Based on Composite Demand

This paper presents an energy storage system (ESS) sizing model and reliability assessment framework to quantify reliability improvements due to ESS of electric energy systems with high penetration of renewables. The model formulation takes into account: (a) variable generation (VG) forced outage rates (FORs), (b) reserve and demand requirements, and (c) conventional generation (CG) operational co...