A Review of Optimization Strategies for Energy Management in Microgrids

Rapid industrialization, widespread transportation electrification, and significantly rising household energy consumption are rapidly increasing global electricity demand. Climate change and dependency on fossil fuels to meet this demand underscore the critical need for sustainable energy solutions. Microgrids (MGs) provide practical applications for renewable energy, reducing reliance on fossil fuels and mitigating ecological impacts. However, renewable energy poses reliability challenges due to its intermittency, primarily influenced by weather conditions. Additionally, fluctuations in fuel prices and the management of multiple devices contribute to the increasing complexity of MGs and the necessity to address a range of objectives. These factors make the optimization of Energy Management Strategies (EMSs) essential and necessary. This study contributes to the field by categorizing the main aspects of MGs and optimization EMS, analyzing the impacts of weather on MG performance, and evaluating their effectiveness in handling multi-objective optimization and data considerations. Furthermore, it examines the pros and cons of different methodologies, offering a thorough overview of current trends and recommendations. This study serves as a foundational resource for future research aimed at refining optimization EMS by identifying research gaps, thereby informing researchers, practitioners, and policymakers.