Benefits of Storage Control for Wind Power Producers in Power Markets
M. Chowdhury, M. Rao, Y. Zhao, T. Javidi, A. Goldsmith
We perform a sensitivity analysis on the expected utility of adding storage capacity in a wind energy producer system, under very general assumptions on stochastic behavior of the wind. Our analysis reveals optimal policies for using the battery. A conference version of this work appeared in the 2015 American Control Conference.