Analytic Research Foundations For The Next Generation Electric Grid
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| Author | : National Academies of Sciences, Engineering, and Medicine |
| Publisher | : National Academies Press |
| Total Pages | : 162 |
| Release | : 2016-05-15 |
| Genre | : Mathematics |
| ISBN | : 0309392314 |
Electricity is the lifeblood of modern society, and for the vast majority of people that electricity is obtained from large, interconnected power grids. However, the grid that was developed in the 20th century, and the incremental improvements made since then, including its underlying analytic foundations, is no longer adequate to completely meet the needs of the 21st century. The next-generation electric grid must be more flexible and resilient. While fossil fuels will have their place for decades to come, the grid of the future will need to accommodate a wider mix of more intermittent generating sources such as wind and distributed solar photovoltaics. Achieving this grid of the future will require effort on several fronts. There is a need for continued shorter-term engineering research and development, building on the existing analytic foundations for the grid. But there is also a need for more fundamental research to expand these analytic foundations. Analytic Research Foundations for the Next-Generation Electric Grid provide guidance on the longer-term critical areas for research in mathematical and computational sciences that is needed for the next-generation grid. It offers recommendations that are designed to help direct future research as the grid evolves and to give the nation's research and development infrastructure the tools it needs to effectively develop, test, and use this research.
| Author | : National Academies of Sciences, Engineering, and Medicine |
| Publisher | : National Academies Press |
| Total Pages | : 171 |
| Release | : 2017-10-25 |
| Genre | : Science |
| ISBN | : 0309463076 |
Americans' safety, productivity, comfort, and convenience depend on the reliable supply of electric power. The electric power system is a complex "cyber-physical" system composed of a network of millions of components spread out across the continent. These components are owned, operated, and regulated by thousands of different entities. Power system operators work hard to assure safe and reliable service, but large outages occasionally happen. Given the nature of the system, there is simply no way that outages can be completely avoided, no matter how much time and money is devoted to such an effort. The system's reliability and resilience can be improved but never made perfect. Thus, system owners, operators, and regulators must prioritize their investments based on potential benefits. Enhancing the Resilience of the Nation's Electricity System focuses on identifying, developing, and implementing strategies to increase the power system's resilience in the face of events that can cause large-area, long-duration outages: blackouts that extend over multiple service areas and last several days or longer. Resilience is not just about lessening the likelihood that these outages will occur. It is also about limiting the scope and impact of outages when they do occur, restoring power rapidly afterwards, and learning from these experiences to better deal with events in the future.
| Author | : National Academies of Sciences, Engineering, and Medicine |
| Publisher | : National Academies Press |
| Total Pages | : 102 |
| Release | : 2015-10-13 |
| Genre | : Mathematics |
| ISBN | : 0309378591 |
If the United States is to sustain its economic prosperity, quality of life, and global competitiveness, it must continue to have an abundance of secure, reliable, and affordable energy resources. There have been many improvements in the technology and capability of the electric grid over the past several decades. Many of these advances to the grid depend on complex mathematical algorithms and techniques, and as the complexity of the grid has increased, the analytical demands have also increased. The workshop summarized in this report was developed as part of an ongoing study of the Committee on Analytical Research Foundations for the Next-Generation Electric Grid. Mathematical Sciences Research Challenges for the Next-Generation Electric Grid summarizes the presentations and discussions from this workshop. This report identifies critical areas of mathematical and computational research that must be addressed for the next-generation electric transmission and distribution system and to identify future needs and ways that current research efforts in these areas could be adjusted or augmented.
| Author | : Peter Fox-Penner |
| Publisher | : Harvard University Press |
| Total Pages | : 457 |
| Release | : 2020-05-19 |
| Genre | : Business & Economics |
| ISBN | : 0674245628 |
As the electric power industry faces the challenges of climate change, technological disruption, new market imperatives, and changing policies, a renowned energy expert offers a roadmap to the future of this essential sector. As the damaging and costly impacts of climate change increase, the rapid development of sustainable energy has taken on great urgency. The electricity industry has responded with necessary but wrenching shifts toward renewables, even as it faces unprecedented challenges and disruption brought on by new technologies, new competitors, and policy changes. The result is a collision course between a grid that must provide abundant, secure, flexible, and affordable power, and an industry facing enormous demands for power and rapid, systemic change. The fashionable solution is to think small: smart buildings, small-scale renewables, and locally distributed green energy. But Peter Fox-Penner makes clear that these will not be enough to meet our increasing needs for electricity. He points instead to the indispensability of large power systems, battery storage, and scalable carbon-free power technologies, along with the grids and markets that will integrate them. The electric power industry and its regulators will have to provide all of these, even as they grapple with changing business models for local electric utilities, political instability, and technological change. Power after Carbon makes sense of all the moving parts, providing actionable recommendations for anyone involved with or relying on the electric power system.
| Author | : Prakash Ranganathan |
| Publisher | : Springer |
| Total Pages | : 231 |
| Release | : 2017-03-31 |
| Genre | : Technology & Engineering |
| ISBN | : 3319526170 |
This book showcases the strengths of Linear Programming models for Cyber Physical Systems (CPS), such as the Smart Grids. Cyber-Physical Systems (CPS) consist of computational components interconnected by computer networks that monitor and control switched physical entities interconnected by physical infrastructures. A fundamental challenge in the design and analysis of CPS is the lack of understanding in formulating constraints for complex networks. We address this challenge by employing collection of Linear programming solvers that models the constraints of sub-systems and micro grids in a distributed fashion. The book can be treated as a useful resource to adaptively schedule resource transfers between nodes in a smart power grid. In addition, the feasibility conditions and constraints outlined in the book will enable in reaching optimal values that can help maintain the stability of both the computer network and the physical systems. It details the collection of optimization methods that are reliable for electric-utilities to use for resource scheduling, and optimizing their existing systems or sub-systems. The authors answer to key questions on ways to optimally allocate resources during outages, and contingency cases (e.g., line failures, and/or circuit breaker failures), how to design de-centralized methods for carrying out tasks using decomposition models; and how to quantify un-certainty and make decisions in the event of grid failures.
| Author | : National Academy of Engineering |
| Publisher | : National Academies Press |
| Total Pages | : 141 |
| Release | : 2018-02-22 |
| Genre | : Technology & Engineering |
| ISBN | : 0309466016 |
This volume presents papers on the topics covered at the National Academy of Engineering's 2017 US Frontiers of Engineering Symposium. Every year the symposium brings together 100 outstanding young leaders in engineering to share their cutting-edge research and innovations in selected areas. The 2017 symposium was held September 25-27 at the United Technologies Research Center in East Hartford, Connecticut. The intent of this book is to convey the excitement of this unique meeting and to highlight innovative developments in engineering research and technical work.
| Author | : Sean Meyn |
| Publisher | : Springer |
| Total Pages | : 516 |
| Release | : 2018-06-09 |
| Genre | : Science |
| ISBN | : 1493978225 |
This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions. The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation of a more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.
| Author | : |
| Publisher | : John Wiley & Sons |
| Total Pages | : 288 |
| Release | : 2020-12-15 |
| Genre | : Technology & Engineering |
| ISBN | : 1119670136 |
Provides comprehensive information on swing contracts for flexible reserve provision in wholesale power markets This book promotes a linked swing-contract market design for centrally-managed wholesale power markets to facilitate increased reliance on renewable energy resources and demand-side participation. The proposed swing contracts are firm or option two-part pricing contracts permitting resources to offer the future availability of dispatchable power paths (reserve) with broad types of flexibility in their power attributes. A New Swing-Contract Design for Wholesale Power Markets begins with a brief introduction to the subject, followed by two chapters that cover: general goals for wholesale power market design; history, operations, and conceptual concerns for current U.S. RTO/ISO-managed wholesale power markets; and the relationship of the present study to previous swing-contract research. The next eight chapters cover: a general swing-contract formulation for centrally-managed wholesale power markets; illustrative swing-contract reserve offers; swing- inclusion of reserve offers with price swing; inclusion of price-sensitive reserve bids; and extension to a linked collection of swing-contract markets. Operations in current U.S. RTO/ISO-managed markets are reviewed in the following four chapters, and conceptual and practical advantages of the linked swing-contract market design are carefully considered. The book concludes with an examination of two key issues: How might current U.S. RTO/ISO-managed markets transition gradually to a swing-contract form? And how might independent distribution system operators, functioning as linkage entities at transmission and distribution system interfaces, make use of swing contracts to facilitate their participation in wholesale power markets as providers of ancillary services harnessed from distribution-side resources? In addition, this title: Addresses problems with current wholesale electric power markets by developing a new swing-contract market design from concept to practical implementation Provides introductory chapters that explain the general principles motivating the new market design, hence why a new approach is required Develops a new type of swing contract suitable for wholesale power markets with increasing reliance on renewable energy and active demand-side participation A New Swing-Contract Design for Wholesale Power Markets is an ideal book for electric power system professionals and for students specializing in electric power systems.
| Author | : Luca Maria Aiello |
| Publisher | : Springer |
| Total Pages | : 906 |
| Release | : 2018-12-01 |
| Genre | : Technology & Engineering |
| ISBN | : 303005411X |
This book highlights cutting-edge research in the field of network science, offering scientists, researchers, students and practitioners a unique update on the latest advances in theory, together with a wealth of applications. It presents the peer-reviewed proceedings of the VII International Conference on Complex Networks and their Applications (COMPLEX NETWORKS 2018), which was held in Cambridge on December 11–13, 2018. The carefully selected papers cover a wide range of theoretical topics such as network models and measures; community structure and network dynamics; diffusion, epidemics and spreading processes; and resilience and control; as well as all the main network applications, including social and political networks; networks in finance and economics; biological and neuroscience networks; and technological networks.
| Author | : Cars Hommes |
| Publisher | : Elsevier |
| Total Pages | : 836 |
| Release | : 2018-06-27 |
| Genre | : Business & Economics |
| ISBN | : 0444641327 |
Handbook of Computational Economics: Heterogeneous Agent Modeling, Volume Four, focuses on heterogeneous agent models, emphasizing recent advances in macroeconomics (including DSGE), finance, empirical validation and experiments, networks and related applications. Capturing the advances made since the publication of Volume Two (Tesfatsion & Judd, 2006), it provides high-level literature with sections devoted to Macroeconomics, Finance, Empirical Validation and Experiments, Networks, and other applications, including Innovation Diffusion in Heterogeneous Populations, Market Design and Electricity Markets, and a final section on Perspectives on Heterogeneity. - Helps readers fully understand the dynamic properties of realistically rendered economic systems - Emphasizes detailed specifications of structural conditions, institutional arrangements and behavioral dispositions - Provides broad assessments that can lead researchers to recognize new synergies and opportunities
