State-of-the-art review on energy sharing and trading of resilient multi microgrids

• Published in: iScience Vol. 27; no. 4; p. 109549
• Main Authors: Kumar, Abhishek, Singh, Arvind R., Raghav, L. Phani, Deng, Yan, He, Xiangning, Bansal, R.C., Kumar, Praveen, Naidoo, R.M.
• Format: Journal Article
• Language: English
• Published: United States Elsevier Inc 19.04.2024; Elsevier
• Subjects: Economics; Electricity; Energy management; Energy systems; Review; Economics; Energy systems; Electricity; Energy management
• ISSN: 2589-0042; 2589-0042
• DOI: 10.1016/j.isci.2024.109549

Independently run single microgrids (MGs) encounter difficulties with inadequate self-consumption of local renewable energy and frequent power exchange with the grid. Combining numerous MGs to form a multi-microgrid (MMG) is a viable approach to enhance smart distribution networks' operational and financial performance. However, the correlation and coordination of intermittent power generation within each MG network pose many techno-economic challenges for energy sharing and trading. This review offers a comprehensive analysis of these challenges within the framework of MMG operations. It examines state-of-the-art methodologies for optimizing multi-energy dispatch and scrutinizes contemporary strategies within energy markets that contribute to the resilience of power systems. The discourse extends to the burgeoning role of blockchain technology in revolutionizing decentralized market frameworks and the intricacies of MMG coordination for reliable and cost-effective energy distribution. Overall, this study provides ample inspiration for theoretical and practical research to the new entrants and experts alike to develop new concepts for energy markets, scheduling and novel operating models for future resilient multi-energy networked systems/MMGs. [Display omitted] Electricity; Energy systems; Energy management; Economics