Parameterization of a Photovoltaic and a Battery System Add-On for a Consumer Based on a Sequential Linear Program

Abstract

This paper describes a procedure for optimal sizing of the investment in a renewable electricity source and electricity storage for a particular consumer with a known electricity consumption profile, under the given conditions of allowed return on investment period and with the optimal operation of the battery storage system included. The optimal size of the PV system in terms of its power production under standard test conditions is provided, as well as the optimal size of the battery storage system in terms of its power converter power rating and the storage capacity. The procedure is based on a sequential linear programming method which enables the computations tractability on regularly sized computers

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