Brainstorm optimisation algorithm (BSOA): An efficient algorithm for finding optimal location and setting of FACTS devices in electric power systems

• Optimal location and setting of FACTS devices have been found.
• BSOA has been used for optimisation.
• SVC and TCSC have been used as FACTS devices.
• The results approve the superior performance of BSOA.

In electric power systems, finding optimal location and setting of flexible AC transmission system (FACTS) devices represents a difficult optimisation problem. This is due to its discrete, multi-objective, multi-modal and constrained nature. Finding near-global solutions in such a problem is very demanding. Brainstorm optimisation algorithm (BSOA) is a novel promising heuristic optimisation algorithm inspired by brainstorming process in human beings. In this paper, BSOA is employed to find optimal location and setting of FACTS devices. Static var compensators (SVC’s) and thyristor controlled series compensators (TCSC’s) are used as FACTS devices. FACTS allocation problem is formulated as a multi-objective problem whose objectives are voltage profile enhancement, overload minimisation and loss minimisation. The results of applying BSOA to FACTS allocation problem in IEEE 57 bus system demonstrate its high efficacy in solving this problem both with TCSC and SVC units. BSOA leads to better voltage profile and lower losses than particle swarm optimisation (PSO), genetic algorithm (GA), differential evolution (DE), simulated annealing (SA), hybrid of genetic algorithm and pattern search (GA–PS), backtracking search algorithm (BSA), gravitational search algorithm (GSA) and asexual reproduction optimisation (ARO). The findings of this research can be used by power system decision makers in order to establish a better voltage profile and lower voltage deviations during contingencies.