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This paper investigates the optimal capacity of a battery energy storage system in a power system. The Taiwan Power Company System is used as an example system to test this algorithm. Results show that the maximum economic benefit of battery energy storage in a power system can be achieved by this algorithm.< <ETX xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">></ETX>
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Lee et al. (1993) studied this question.
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