Modelling and Analysing the Market Integration of Flexible Demand and Storage Resources PDF Download
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Author: Ye Yujian
Publisher: Springer Nature
ISBN: 981191964X
Category : Technology & Engineering
Languages : en
Pages : 188
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Book Description
This book provides carefully designed illustrative examples to explain the profound in simpler terms. The emerging smart grid paradigm has paved the way for the wide introduction of flexible demand (FD) and energy storage (ES) technologies in power systems, with significant economic, technical, and environmental benefits that will facilitate efficient transition to the low-carbon future. In the deregulated energy sector, the realization of the significant FD and ES flexibility potential should be coupled with their suitable integration in electricity markets. In this context, previous studies have proposed market clearing mechanisms considering FD and ES participation and demonstrated their impact on the system operation. However, these studies have neglected fundamental market complexities, such as modeling and pricing FD non-convexities as well as modeling and analyzing the role of FD and ES in imperfect markets. This book is dedicated to address the above challenges through the development of novel computational methodologies. It also provides numerous explanatory figures, tables, algorithm flowcharts, and block diagrams for visual aid, which helps the readers to better grasp the working principles of the developed algorithms as well as to form a comprehensive comparison of results.
Author: Ye Yujian
Publisher: Springer Nature
ISBN: 981191964X
Category : Technology & Engineering
Languages : en
Pages : 188
Get Book Here
Book Description
This book provides carefully designed illustrative examples to explain the profound in simpler terms. The emerging smart grid paradigm has paved the way for the wide introduction of flexible demand (FD) and energy storage (ES) technologies in power systems, with significant economic, technical, and environmental benefits that will facilitate efficient transition to the low-carbon future. In the deregulated energy sector, the realization of the significant FD and ES flexibility potential should be coupled with their suitable integration in electricity markets. In this context, previous studies have proposed market clearing mechanisms considering FD and ES participation and demonstrated their impact on the system operation. However, these studies have neglected fundamental market complexities, such as modeling and pricing FD non-convexities as well as modeling and analyzing the role of FD and ES in imperfect markets. This book is dedicated to address the above challenges through the development of novel computational methodologies. It also provides numerous explanatory figures, tables, algorithm flowcharts, and block diagrams for visual aid, which helps the readers to better grasp the working principles of the developed algorithms as well as to form a comprehensive comparison of results.
Author: Klaus-Henning Ahlert
Publisher: KIT Scientific Publishing
ISBN: 386644561X
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
Increasing the shares of Renewable Energy Sources (RES) and Distributed Energy Resources (DER) is one of the most important levers in many countries to cope with the environmental, political, and economic challenges of future energy supply. The underlying research question of this thesis is whether Distributed Storage Systems (DSS) at the end consumer level can economically foster the integration of intermittent and non-dispatchable resources by providing demand-side flexibility.
Author: Sri Niwas Singh
Publisher: Springer Nature
ISBN: 9813364564
Category : Technology & Engineering
Languages : en
Pages : 497
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Book Description
This book provides recent trends and innovation in solar energy. It covers the basic principles and applications of solar energy systems. Various topics covered in this book include introduction and overview of solar energy, solar PV generation, solar thermal generation, innovative applications of solar energy, smart energy system, smart grid and sustainability, solar energy forecasting, advances in solar battery, thermal storage of solar energy, solar energy pricing, advances in hybrid solar system, solar system tracking for maximum power generation, phase change materials and its application, sensitivity analysis in solar systems, environmental feasibility of solar hybrid systems, regulatory implications of solar energy integration with grid, impact of the photovoltaic integration on the hydrothermal dispatch on power systems and potential and financial evaluation of floating solar PV in Thailand—a case study. This book will be useful for the students, academicians, researchers, policymakers, economists and professionals working in the area of solar energy.
Author: Xunpeng (Roc) Shi
Publisher: Frontiers Media SA
ISBN: 2889662454
Category : Technology & Engineering
Languages : en
Pages : 279
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Book Description
Author: Rodolfo Dufo-López
Publisher: MDPI
ISBN: 3039361848
Category : Technology & Engineering
Languages : en
Pages : 188
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Book Description
Standalone (off-grid) renewable energy systems supply electricity in places where there is no access to a standard electrical grid. These systems may include photovoltaic generators, wind turbines, hydro turbines or any other renewable electrical generator. Usually, this kind of system includes electricity storage (commonly lead-acid batteries, but also other types of storage can be used). In some cases, a backup generator (usually powered by fossil fuel, diesel or gasoline) is part of the hybrid system. The modelling of the components, the control of the system and the simulation of the performance of the whole system are necessary to evaluate the system technically and economically. The optimization of the sizing and/or the control is also an important task in this kind of system.
Author: Lawrence E. Jones
Publisher: Academic Press
ISBN: 0124081223
Category : Business & Economics
Languages : en
Pages : 529
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Book Description
Renewable Energy Integration is a ground-breaking new resource - the first to offer a distilled examination of the intricacies of integrating renewables into the power grid and electricity markets. It offers informed perspectives from internationally renowned experts on the challenges to be met and solutions based on demonstrated best practices developed by operators around the world. The book's focus on practical implementation of strategies provides real-world context for theoretical underpinnings and the development of supporting policy frameworks. The book considers a myriad of wind, solar, wave and tidal integration issues, thus ensuring that grid operators with low or high penetration of renewable generation can leverage the victories achieved by their peers. Renewable Energy Integration highlights, carefully explains, and illustrates the benefits of advanced technologies and systems for coping with variability, uncertainty, and flexibility. - Lays out the key issues around the integration of renewables into power grids and markets, from the intricacies of operational and planning considerations, to supporting regulatory and policy frameworks - Provides global case studies that highlight the challenges of renewables integration and present field-tested solutions - Illustrates enabling and disruptive technologies to support the management of variability, uncertainty and flexibility
Author: Giorgio Graditi
Publisher: Elsevier
ISBN: 0128242140
Category : Technology & Engineering
Languages : en
Pages : 453
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Book Description
Distributed Energy Resources in Local Integrated Energy Systems: Optimal Operation and Planning reviews research and policy developments surrounding the optimal operation and planning of DER in the context of local integrated energy systems in the presence of multiple energy carriers, vectors and multi-objective requirements. This assessment is carried out by analyzing impacts and benefits at local levels, and in distribution networks and larger systems. These frameworks represent valid tools to provide support in the decision-making process for DER operation and planning. Uncertainties of RES generation and loads in optimal DER scheduling are addressed, along with energy trading and blockchain technologies. Interactions among various energy carriers in local energy systems are investigated in scalable and flexible optimization models for adaptation to a number of real contexts thanks to the wide variety of generation, conversion and storage technologies considered, the exploitation of demand side flexibility, emerging technologies, and through the general mathematical formulations established. - Integrates multi-energy DER, including electrical and thermal distributed generation, demand response, electric vehicles, storage and RES in the context of local integrated energy systems - Fosters the integration of DER in the electricity markets through the concepts of DER aggregation - Addresses the challenges of emerging paradigms as energy communities and energy blockchain applications in the current and future energy landscape - Proposes operation optimization models and methods through multi-objective approaches for fostering short- and long-run sustainability of local energy systems - Assesses and models the uncertainties of renewable resources and intermittent loads in the short-term decision-making process for smart decentralized energy systems
Author: Behnam Mohammadi-Ivatloo
Publisher: Academic Press
ISBN: 0128203838
Category : Science
Languages : en
Pages : 452
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Book Description
Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. - Provides integrated techno-economic analysis of energy storage systems and the energy markets - Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market - Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business - Applies advanced methods to the economic integration of large-scale energy storage systems - Develops an evaluation framework for energy market storage systems
Author: Zhenjun Ma
Publisher: Elsevier
ISBN: 0323995896
Category : Science
Languages : en
Pages : 288
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Book Description
Building Energy Flexibility and Demand Management looks at the high penetration of intermittent renewable energy sources and the need for increased flexibility. Ensuring electrical power systems adapt to dynamic energy demand and supply conditions, the book supports the transition to a renewable energy future with current fluctuating power generation. By facilitating the penetration of renewable energy sources into the building sector and balancing electricity supply with demand in real-time, this book will provide fundamental concepts, theories, and methods to understand, quantify, design and optimize building energy flexibility. In addition, the book also provides case studies with emerging technologies to enhance building energy flexibility and demonstrate how demand management strategies can utilize energy flexibility for demand reduction and load shifting. It will be useful for all those researchers and engineers working in flexible energy systems and advanced demand side management strategies. - Focuses on how renewable energy and storage technologies can be appropriately designed and optimized to increase building energy flexibility - Discusses how building energy flexibility can contribute to reduced operating costs and grid optimization - Details how to effectively implement building energy flexibility for demand response, peak demand reduction and peak load shifting
Author: Meng Song
Publisher: Springer Nature
ISBN: 9811671702
Category : Technology & Engineering
Languages : en
Pages : 278
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Book Description
The proliferation of renewable energy enhances the sustainability of power systems, but the inherent variability also poses great challenges to the planning and operation of large power grids. The corresponding electric power deficiencies can be compensated by fast ramping generators and energy storage devices. However, frequent ramp up/down power adjustments can increase the operation and the maintenance cost of generators. Moreover, storage devices are regarded as costly alternatives. Demand response (DR) and transactive energy can address this problem owing to its attractive and versatile capability for balancing the supply-demand, improving energy efficiency, and enhancing system resilience. Distributed resources are the typical participants of DR and transactive energy programs, which greatly contribute to keep the supply and demand in a balance. Thermostatically controlled loads (TCLs) (i.e., air conditioners, water heaters, and refrigerators) represent an example of distributed resources, the ratio of which to the total power consumption in developed countries is up to 30%–40%. Providing tremendous potentials in adjustable power consumption, TCLs have attracted major interests in DR and transactive energy opportunities. It has highlighted the advantages of TCLs in responding to uncertainties in power systems. This book provides an insight of TCLs as typical distributed resources in smart grids for demand response and transactive energy to address the imbalance between supply and demand problems in power systems. The key points on analysis of uncertainty parameters, aggregated control models, battery modelling, multi-time scale control, transactive control and robust restoration of TCLs are all included. These are the research points of smart grids and deserve much attention. We believe this book will offer the related researcher a better understanding on the integration of distributed resources into smart grid for demand response and transactive energy. And it will be helpful to address the problems in practical projects.
