Optimization of pumped hydro energy storage systems under uncertainty: A review

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buir.contributor.authorNadar, Emre
buir.contributor.authorKocaman, Ayşe Selin
buir.contributor.orcidNadar, Emre|0000-0002-9904-4243
buir.contributor.orcidKocaman, Ayşe Selin|0000-0001-8345-5999
dc.citation.epage109306-17en_US
dc.citation.issueNumberPart D
dc.citation.spage109306-1
dc.citation.volumeNumber73
dc.contributor.authorToufani, P.
dc.contributor.authorKarakoyun, E. Ç.
dc.contributor.authorNadar, Emre
dc.contributor.authorFasso, O. B.
dc.contributor.authorKocaman, Ayşe Selin
dc.date.accessioned2024-03-12T10:10:17Z
dc.date.available2024-03-12T10:10:17Z
dc.date.issued2023-12-20
dc.departmentDepartment of Industrial Engineering
dc.description.abstractThis paper provides an overview of the research dealing with optimization of pumped hydro energy storage (PHES) systems under uncertainty. This overview can potentially stimulate the scientific community’s interest and facilitate future research on this topic. We review the literature from various perspectives, including the optimization problem type, objective function, physical characteristics of the PHES facility, paradigm used to capture uncertainty, and solution method adopted. We then identify several research gaps and future research directions for energy researchers. This review highlights the need for developing optimization models such as Markov decision processes that can represent uncertainties in renewable energy sources and electricity markets more accurately, constructing multi-objective models that consider not only economic but also environmental impacts, investigating underrepresented solar-PHES systems and PHES sizing problems, addressing nonlinear characteristics of PHES facilities, and optimizing bidding strategies in sequential or coordinated electricity markets.
dc.description.provenanceMade available in DSpace on 2024-03-12T10:10:17Z (GMT). No. of bitstreams: 1 Optimizing_pumped_storage_power_station_operation_for_2024_Energy-Conversio.pdf: 3006121 bytes, checksum: aac6948294e42d467210fd84dc64947e (MD5) Previous issue date: 2023-12-20en
dc.embargo.release2025-12-20
dc.identifier.doi10.1016/j.est.2023.109306
dc.identifier.eissn2352-1538
dc.identifier.issn2352-152X
dc.identifier.urihttps://hdl.handle.net/11693/114570
dc.language.isoen
dc.publisherElsevier
dc.relation.isversionofhttps://doi.org/10.1016/j.est.2023.109306
dc.source.titleJournal of Energy Storage
dc.subjectPumped hydro energy storage
dc.subjectUncertainty
dc.subjectOptimization
dc.subjectStochastic programming
dc.subjectMarkov decision processes
dc.subjectHeuristic
dc.titleOptimization of pumped hydro energy storage systems under uncertainty: A review
dc.typeBook

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