no code implementations • 26 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.
1 code implementation • 20 Jun 2023 • Yuexin Bian, Ningkun Zheng, Yang Zheng, Bolun Xu, Yuanyuan Shi
Energy storage are strategic participants in electricity markets to arbitrage price differences.
no code implementations • 28 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.
no code implementations • 2 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.
no code implementations • 14 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.
no code implementations • 14 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.