Using thermal energy, wind resource and storage technologies: a stochastic model for a small producer

We develop a stochastic model whereby a small energy producer, using traditional energy sources, wind energy and some specific kind of storage technologies, aims at matching a part of the market demand, in order to maximize his own profits. The model represents a decision support tool, on a short time horizon, that allows evaluating the variability of both wind resource and energy prices, and the impact of using innovative storage technologies. Some general results to validate the model operation are presented. In particular, the model is proposed as a tool to evaluate the effectiveness of a storage technology.