Search Results for author: Ningkun Zheng

Found 6 papers, 1 papers with code

Energy Storage Arbitrage in Two-settlement Markets: A Transformer-Based Approach

no code implementations26 Apr 2024 Saud Alghumayjan, Jiajun Han, Ningkun Zheng, Ming Yi, Bolun Xu

This paper presents an integrated model for bidding energy storage in day-ahead and real-time markets to maximize profits.

Predicting Strategic Energy Storage Behaviors

1 code implementation20 Jun 2023 Yuexin Bian, Ningkun Zheng, Yang Zheng, Bolun Xu, Yuanyuan Shi

Energy storage are strategic participants in electricity markets to arbitrage price differences.

Vehicle-to-Grid Fleet Service Provision considering Nonlinear Battery Behaviors

no code implementations28 Jan 2023 Joshua Jaworski, Ningkun Zheng, Matthias Preindl, Bolun Xu

We incorporate nonlinear battery models and price uncertainty into the V2G management design to provide a realistic estimation of cost savings from different V2G options.

Management

Transferable Energy Storage Bidder

no code implementations2 Jan 2023 Yousuf Baker, Ningkun Zheng, Bolun Xu

We also test a transfer learning approach by pre-training the bidding model using New York data and applying it to arbitrage in Queensland, Australia.

Transfer Learning

Energy Storage Price Arbitrage via Opportunity Value Function Prediction

no code implementations14 Nov 2022 Ningkun Zheng, Xiaoxiang Liu, Bolun Xu, Yuanyuan Shi

This paper proposes a novel energy storage price arbitrage algorithm combining supervised learning with dynamic programming.

Energy Storage State-of-Charge Market Model

no code implementations14 Jul 2022 Ningkun Zheng, Xin Qin, Di wu, Gabe Murtaugh, Bolun Xu

Combined with an optimal bidding design algorithm using dynamic programming, our paper shows that the SoC segment market model provides more accurate representations of the opportunity costs of energy storage compared to existing power-based bidding models.

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