Optimal planning of energy storage system using modified differential evolution algorithm

Abstract In smart distribution network, optimal planning of Energy Storage Systems (ESS) can lead to voltage profile improvement, network loss reduction and increasing the profit of distribution company (DISCO). This paper proposes the application of Modified Differential Evolution Algorithm (MDEA) which is very strong global search capability for maximizing the DISCO profit over the planning. The objective function is the difference between the benefit which is the energy arbitrage in a deregulated market and the costs which are investment cost, operation and maintenance cost. The implementation of MDEA is performed on a 30-bus radial distribution network. The simulation results demonstrate that the proposed MDEA application significantly increases the profit without any violation of network constraints.