Author: Amin Khodaei
Publisher: John Wiley & Sons
ISBN: 1394162456
Category : Technology & Engineering
Languages : en
Pages : 260
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Book Description
THE ECONOMICS OF MICROGRIDS An incisive and practical exploration of the engineering economics of microgrids In The Economics of Microgrids, a pair of distinguished researchers delivers an expert discussion of the microeconomic perspectives on microgrids in the context of low-carbon, sustainable energy delivery. In the book, readers will explore an engineering economics framework on the investment decisions and capital expenditure analyses required for an assessment of microgrid projects. The authors also examine economic concepts and models for minimizing microgrid operation costs, including the cost of local generation resources and energy purchases from main grids to supply local loads. The book presents economic models for the expansion of microgrids under load and market price uncertainties, as well as discussions of the economics of resilience in microgrids for optimal operation during outages and power disturbances. Readers will also find: A thorough introduction to the engineering and economics of microgrids Comprehensive explorations of microgrid planning under uncertainty Practical discussions of microgrid expansion planning, operations management, and renewable energy integration Fulsome treatments of asset management and resilience economics in microgrids Perfect for senior undergraduate and graduate students as well as researchers studying power system design, The Economics of Microgrids will also benefit professionals working in the power system industry and government regulators and policymakers with an interest in microgrid technologies and infrastructure.
Author: Anna Cretì
Publisher: Cambridge University Press
ISBN: 1107185653
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.
Author: Radian Belu
Publisher: CRC Press
ISBN: 1000449025
Category : Technology & Engineering
Languages : en
Pages : 331
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Book Description
The book covers energy storage systems, bioenergy and hydrogen economy, grid integration of renewable energy systems, distributed generation, economic analysis, and environmental impacts of renewable energy systems. The overall approaches are interdisciplinary and comprehensive, covering economic, environmental, and grid integration issues as well as the physical and engineering aspects. Core issues discussed include mechanical, electrical, and thermal energy storage systems, batteries, fuel cells, biomass and biofuels, hydrogen economy, distributed generation, a brief presentation of microgrids, and in-depth discussions of economic analysis and methods of renewable energy systems, environmental impacts, life-cycle analysis, and energy conservation issues. With several solved examples, holistic material presentation, in-depth subject matter discussions and self-content material presentation, this textbook will appeal strongly to students and professional and nonprofessional readers who wish to understand this fascinating subject. Readers are encouraged to solve the problems and questions, which are useful ways to understand and apply the concepts and the topics included.
Author: David Wenzhong Gao
Publisher: Academic Press
ISBN: 0128033754
Category : Technology & Engineering
Languages : en
Pages : 153
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Book Description
Energy Storage for Sustainable Microgrid addresses the issues related to modelling, operation and control, steady-state and dynamic analysis of microgrids with ESS. This book discusses major electricity storage technologies in depth along with their efficiency, lifetime cycles, environmental benefits and capacity, so that readers can envisage which type of storage technology is best for a particular microgrid application. This book offers solutions to numerous difficulties such as choosing the right ESS for the particular microgrid application, proper sizing of ESS for microgrid, as well as design of ESS control systems for proper interfacing with the microgrid. - Explanations for major power electronic converters/technology required to achieve the desired interfacing - Case studies on the major impacts of energy storage on microgrid - Detailed solutions for choosing the right ESS for particular microgrid applications - Valuable economics chapter to help evaluate entire systems
Author: Rajeev Kumar Chauhan
Publisher: Academic Press
ISBN: 0128177756
Category : Technology & Engineering
Languages : en
Pages : 555
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Book Description
Distributed Energy Resources in Microgrids: Integration, Challenges and Optimization unifies classically unconnected aspects of microgrids by considering them alongside economic analysis and stability testing. In addition, the book presents well-founded mathematical analyses on how to technically and economically optimize microgrids via distributed energy resource integration. Researchers and engineers in the power and energy sector will find this information useful for combined scientific and economical approaches to microgrid integration. Specific sections cover microgrid performance, including key technical elements, such as control design, stability analysis, power quality, reliability and resiliency in microgrid operation. - Addresses the challenges related to the integration of renewable energy resources - Includes examples of control algorithms adopted during integration - Presents detailed methods of optimization to enhance successful integration
Author: Lenos Trigeorgis
Publisher: MIT Press
ISBN: 9780262201025
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable future opportunities or to limit losses has proven vital to long-term corporate success in an uncertain and changing marketplace. In this book Lenos Trigeorgis, who has helped shape the field of real options, brings together a wealth of previously scattered knowledge and research on the new flexibility in corporate resource allocation and in the evaluation of investment alternatives brought about by the shift from static cash-flow approaches to the more dynamic paradigm of real options—an approach that incorporates decisions on whether to defer, expand, contract, abandon, switch use, or otherwise alter a capital investment. Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. Also discussed are the strategic value of new technology, project interdependence, and competitive interaction. The ability to value real options has so dramatically altered the way in which corporate resources are allocated that future textbooks on capital budgeting will bear little resemblance to those of even the recent past. Real Options is a pioneer in this area, coupling a coherent picture of how option theory is used with practical insights in into real-world applications.
Author: Amjad Anvari-Moghaddam
Publisher: Springer Nature
ISBN: 3030597504
Category : Technology & Engineering
Languages : en
Pages : 643
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Book Description
This book provides a comprehensive overview on the latest developments in the control, operation, and protection of microgrids. It provides readers with a solid approach to analyzing and understanding the salient features of modern control and operation management techniques applied to these systems, and presents practical methods with examples and case studies from actual and modeled microgrids. The book also discusses emerging concepts, key drivers and new players in microgrids, and local energy markets while addressing various aspects from day-ahead scheduling to real-time testing of microgrids. The book will be a valuable resource for researchers who are focused on control concepts, AC, DC, and AC/DC microgrids, as well as those working in the related areas of energy engineering, operations research and its applications to energy systems. Presents modern operation, control and protection techniques with applications to real world and emulated microgrids; Discusses emerging concepts, key drivers and new players in microgrids and local energy markets; Addresses various aspects from day-ahead scheduling to real-time testing of microgrids.
Author: Mahesh P. Bhave
Publisher: Praeger
ISBN: 144083315X
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
What kinds (according to U.S. News & World Report) of clean electricity initiatives—ones that make sense on public policy and business strategy levels—could overcome the hurdles in shifting away from the entrenched electricity and petroleum-based transport industries in the United States? This book explores the tremendous opportunities of the new electricity revolution that looks to threaten the century-old business models of our existing power production infrastructure. The electricity industry, having been in place for more than 100 years, has established tremendous power and influence. But as solar- and wind-based energy businesses gain small footholds and expand their impact, the incumbent electricity businesses face fundamental challenges that threaten their century-old business models. Will technological advances and the motivation to control climate change finally effect a revolution in the electricity markets? This unique book proposes public policy- and business strategy-level initiatives that could overcome the structural impediments that prevail in the current electricity industries and predicts the important changes to come in the immediate and distant future. In The Microgrid Revolution: Business Strategies for Next-Generation Electricity, author Mahesh P. Bhave explains the current state of electricity production, identifies its widespread problems, and proposes a specific approach and particular solution to the puzzle of supplying clean energy for the 21st-century world. The introductory chapters lay the groundwork for the author's provocative thesis, and the concluding chapters elaborate on it with broad implications. By examining the subject material from the perspectives of public policy and regulatory concerns, corporate strategy, industry structure changes, innovation, and climate change as well as from a technological angle, readers from diverse industries and professional backgrounds will be able to understand how the coming electricity revolution is something we all have the power to influence.
Author: Antonio Carlos Zambroni de Souza
Publisher: Springer
ISBN: 3319986872
Category : Technology & Engineering
Languages : en
Pages : 540
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Book Description
This book addresses the emerging trend of smart grids in power systems. It discusses the advent of smart grids and selected technical implications; further, by combining the perspectives of researchers from Europe and South America, the book captures the status quo of and approaches to smart grids in a wide range of countries. It describes the basic concepts, enabling readers to understand the theoretical aspects behind smart grid formation, while also examining current challenges and philosophical discussions. Like the industrial revolution and the birth of the Internet, smart grids are certain to change the way people use electricity. In this regard, a new term – the “prosumer” – is used to describe consumers who may sometimes also be energy producers. This is particularly appealing if we bear in mind that most of the distributed power generation in smart grids does not involve carbon emissions. At first glance, the option of generating their own power could move consumers to leave their current energy provider. Yet the authors argue that doing so is not a wise choice: utilities will play a central role in this new scenario and should not be ignored.
Author: Wei Tong
Publisher: WIT Press
ISBN: 1845642058
Category : Technology & Engineering
Languages : en
Pages : 769
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Book Description
The purpose of this book is to provide engineers and researchers in both the wind power industry and energy research community with comprehensive, up-to-date, and advanced design techniques and practical approaches. The topics addressed in this book involve the major concerns in the wind power generation and wind turbine design.
