Optimal placement of battery energy storage in distribution networks considering conservation voltage reduction and stochastic load composition

Deployment of battery energy storage (BES) in active distribution networks (ADNs) can provide many benefits in terms of energy management and voltage regulation. In this study, a stochastic optimal BES planning method considering conservation voltage reduction (CVR) is proposed for ADN with high-level renewable energy resources. The proposed method aims to determine the optimal BES sizing and location to minimise the total investment and operation cost considering energy saving achieved by CVR, while satisfying system operational constraints in the presence of stochastic renewable power generation. The uncertainty of load composition is also modelled through scenario analysis. The proposed planning scheme is tested in a modified IEEE 15-bus system and 43-bus radial system, respectively. The numerical results validate that the combination of CVR and BES can achieve more energy savings.