Optimizing Grid-interactive Efficient Building Designs with Stacked Value Streams

• Published in: IEEE Power & Energy Society General Meeting pp. 1 - 5
• Main Authors: Ma, Xu, Wu, Di, Rebich, Ross
• Format: Conference Proceeding
• Language: English
• Published: IEEE 21.07.2024
• Subjects: Buildings; Costs; Demand response; Electric potential; Electricity; Energy efficiency; energy storage systems; grid-interactive efficient buildings; load flexibility; Natural gas; optimal dispatch; Prevention and mitigation; Streams; Thermal loading
• ISSN: 1944-9933
• DOI: 10.1109/PESGM51994.2024.10688991

Grid-interactive efficient buildings (GEBs) are those characterized by the combination of energy efficiency and demand flexibility with smart technologies and communications to not only deliver greater affordability and comfort to buildings, but also help utilities manage grid operations and lower system costs. This paper presents an innovative techno-economic assessment framework to effectively examine different GEB design options, explore various use cases, define technically achievable benefits, and thereby assist in informed decision-making. In particular, building load flexibility, thermal storage, and battery energy storage are considered. Advanced optimal dispatch problem is formulated to maximize the stacked value streams from multiple, competing use cases, subject to the physical capabilities and operational flexibility associated with different designs and configurations. Comprehensive case studies were performed for a real-world building to evaluate the cost-effectiveness of different GEB designs and offer in-depth insights. It was found that the proposed assessment method could effectively capture the costs and benefits linked to each GEB design option. Furthermore, the study revealed that outage mitigation and demand response are the two most significant sources of benefits for GEBs.