A machine learning-based stochastic optimal energy management framework for a renewable energy-assisted isolated microgrid system

ABSTRACT

This paper proposes a cost-based stochastic optimal energy management framework for a renewable energy-assisted isolated microgrid system. These microgrids encourage the integration of multiple distributed energy sources, including the penetration of renewable energy. For this purpose, the optimal day-ahead dispatch of the connected energy resources is obtained for an economically viable system by solving a nonlinear constrained optimization problem. The renewable energy and the load demand data forecasting are accomplished using the Gaussian process regression learning model in the MATLAB/SIMULINK® environment for obtaining the day-ahead dispatch. The optimal problem is solved through sequential quadratic programming and a hybrid function approach incorporating particle swarm optimization for a comprehensive techno-economical analysis. A comparative assessment of the results is accomplished to obtain a more feasible and economical system operation corresponding to different time horizons and other critical factors such as fast iterations, computational accuracy, solution feasibility, convergence rate, etc.

KEYWORDS:

• Microgrid economics
• machine learning
• optimization
• renewable energy
• stochastic system

Disclosure statement

No potential conflict of interest was reported by the author(s).