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This paper studies the solution of joint energy storage (ES) ownershipsharing between multiple shared facility controllers (SFCs) and those dwellingin a residential community. The main objective is to enable the residentialunits (RUs) to decide on the fraction of their ES capacity that they want toshare with the SFCs of the community in order to assist them storingelectricity, e.g., for fulfilling the demand of various shared facilities. Tothis end, a modified auction-based mechanism is designed that captures theinteraction between the SFCs and the RUs so as to determine the auction priceand the allocation of ES shared by the RUs that governs the proposed joint ESownership. The fraction of the capacity of the storage that each RU decides toput into the market to share with the SFCs and the auction price are determinedby a noncooperative Stackelberg game formulated between the RUs and theauctioneer. It is shown that the proposed auction possesses the incentivecompatibility and the individual rationality properties, which are leveragedvia the unique Stackelberg equilibrium (SE) solution of the game. Numericalexperiments are provided to confirm the effectiveness of the proposed scheme.

Energy Storage Sharing in Smart Grid: A Modified Auction Based Approach