Robust and Practical Approaches for Solar PV and Storage Sizing
Suppose you want to purchase a system with solar panels and battery to power your home. How many panels do you buy? How big of a battery do you need? These questions are coupled, and depend on how often you're willing to go without power.
The most direct and difficult way get an answer is to formulate and solve a complex robust optimization problem which considers the statistical properties of two stochastic processes: solar generation and electricity consumption. We consider three alternative methods: simulation, mathematical programming, and stochastic network calculus. One of our main contributions is the use of a recent advancement in empirical multi-variate probability concentration bounds to compute a robust least-cost system size that meets the target loss-of-load probability.
This work was presented at ACM eEnergy 2018, and was voted as runner-up for the best paper (audience choice).