Distribution energy storage investment prioritization with a real coded multi-objective genetic algorithm

Energy Storage Systems (ESSs) are progressively becoming an essential requisite for the upcoming Smart Distribution Systems thanks to the flexibility they introduce in the network operation. A rapid improvement in ESS technology efficiency has been seen, but not yet sufficient to drastically reduce the high investments associated. Thus, optimal planning and management of these devices are crucial to identify specific configurations that can justify ESSs installation. This consideration has motivated a strong interest of the researchers in this field that, however, have separately solved the optimal ESS location and the optimal ESS schedule. In the paper, a novel multi-objective approach is presented, based on the Non-dominated Sorted Genetic Algorithm - II integrated with a real codification that allows joining in a single optimization all the main features of an optimal ESS implementation project: siting, sizing and scheduling. The methodology has been tested on a real-size rural distribution network