PV Utilization refers to the effective use of photovoltaic (PV) solar energy systems to maximize energy generation, efficiency, and economic benefits. It involves optimizing factors like panel orientation, energy storage, grid integration, and load management to enhance solar power adoption. High PV utilization ensures better renewable energy penetration, reduces reliance on fossil fuels, and supports sustainability by efficiently converting sunlight into usable electricity.

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Optimal Sizing and Operation of Energy Storage for Demand Charge Management and PV Utilization

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This paper presents a method to determine optimal energy and power capacity of distributed Energy Storage Systems (ESS) in behind-the-meter applications to maximize local Photovoltaic (PV) utilization or minimize Demand Charge (DC) cost. The problem is solved as a multi-objective optimization model to obtain a set of Pareto optimal solutions for each scenario in each month. An approach is then presented to map the monthly Pareto fronts into a single yearly Pareto front. A cost benefit analysis has also been carried out to show the compromise between PV utilization, DC cost, and ESS cost.

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