Optimal Capacity Allocation of Long- and Short-Term Energy Storage for Power Grids with High Penetration of Renewable Energy

The development of a new-type power system requires addressing the long-timescale imbalance between electricity supply and demand caused by the high penetration of wind and solar energy, which places higher demands on the secure and stable operation of power systems. Conventional single-type energy storage cannot simultaneously satisfy short-term power regulation and medium- to long-term energy balancing requirements. Therefore, coordinated optimal allocation of multi-type energy storage is necessary. This study investigates the optimal capacity allocation of short- and long-duration energy storage in high-renewable-penetration power grids to improve renewable energy accommodation, enhance system flexibility, and optimize life-cycle cost. A mathematical model of a Multi-Type Energy Storage Coupled System (MTESCS) considering both power and energy balance is first established, together with a life-cycle economic model. Then, a source-load time-series reduction method based on Ward’s method is adopted to preserve the original temporal trends while reducing optimization complexity, and an optimal capacity allocation model is developed with the objective of minimizing system life-cycle cost. Finally, different storage configuration scenarios are constructed for comparative analyses under various renewable energy penetration levels. Results show that the proposed MTESCS can effectively improve renewable energy accommodation and economic performance, providing useful support for system design and engineering applications.