A Stochastic-MILP dispatch optimization model for Concentrated Solar Thermal under uncertainty

Concentrated Solar Thermal (CST) offers a promising solution for large-scale solar energy utilization as Thermal Energy Storage (TES) enables electricity generation independently of daily solar fluctuations, shifting to high-priced electricity intervals. The development of dispatch planning tools is mandatory to account for uncertainties associated with solar irradiation and electricity price forecasts as well as limited storage capacity. This study proposes the Stochastic Mixed Integer Linear Program (SMILP) to maximize expected profit within a specified scenario space. The SMILP scenario space is generated by different Empirical Cumulative Distribution Function percentiles of the potential solar energy to accumulate in storage and the expected profit is estimated using the Sample Average Approximation (SAA) method. SMILP exhibits robust performance, however, its computational time poses a challenge. Thus, three heuristic solutions are developed which run a set of deterministic optimizations on different historical weather profiles to generate candidate dispatching plans (DPs). The candidate DP with the best average performance on all profiles is then selected. The new methods were applied to a case study for a 115 MW CST plant in South Australia. When the historical database has a limited set of historical weather profiles, the SMILP achieves 6% to 9% higher profit than the closest benchmark when the DP is applied to novel weather conditions. With a large historical weather data, the performance of SMILP and Heuristic-2 becomes nearly identical because the SMILP can only utilize a limited number of trajectories for optimization without becoming computationally infeasible. In this case, Heuristic-2 emerges a practical alternative, since it provides similar average profit in a reasonable time (saving about 7 hours in computing time).
Comment: This paper is going to be submitted to "Energy Conversion and Management" for publication in Elsevier journal