Download or read book The Economics of Microgrids written by Amin Khodaei and published by John Wiley & Sons. This book was released on 2023-10-04 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Economics of Microgrids written by Amin Khodaei and published by John Wiley & Sons. This book was released on 2023-11-07 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Microgrid Revolution written by Mahesh P. Bhave and published by Praeger. This book was released on 2016-10-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Economics of Electricity written by Anna Cretì and published by Cambridge University Press. This book was released on 2019-05-30 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

Download or read book Energy Storage Grid Integration Energy Economics and the Environment written by Radian Belu and published by CRC Press. This book was released on 2019-09-27 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Distributed Energy Resources in Microgrids written by Rajeev Kumar Chauhan and published by Academic Press. This book was released on 2019-08-17 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Microgrids written by Amjad Anvari-Moghaddam and published by Springer Nature. This book was released on 2021-04-16 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Microgrid Planning and Design written by Hassan Farhangi and published by John Wiley & Sons. This book was released on 2019-04-29 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to microgrid systems architecture, design topologies, control strategies and integration approaches Microgrid Planning and Design offers a detailed and authoritative guide to microgrid systems. The authors - noted experts on the topic - explore what is involved in the design of a microgrid, examine the process of mapping designs to accommodate available technologies and reveal how to determine the efficacy of the final outcome. This practical book is a compilation of collaborative research results drawn from a community of experts in 8 different universities over a 6-year period. Microgrid Planning and Design contains a review of microgrid benchmarks for the electric power system and covers the mathematical modeling that can be used during the microgrid design processes. The authors include real-world case studies, validated benchmark systems and the components needed to plan and design an effective microgrid system. This important guide: Offers a practical and up-to-date book that examines leading edge technologies related to the smart grid Covers in detail all aspects of a microgrid from conception to completion Explores a modeling approach that combines power and communication systems Recommends modeling details that are appropriate for the type of study to be performed Defines typical system studies and requirements associated with the operation of the microgrid Written forgraduate students and professionals in the electrical engineering industry, Microgrid Planning and Design is a guide to smart microgrids that can help with their strategic energy objectives such as increasing reliability, efficiency, autonomy and reducing greenhouse gases.

Download or read book Real Options written by Lenos Trigeorgis and published by MIT Press. This book was released on 1996-03-14 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Handbook on Microgrids for Power Quality and Connectivity written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-07-01 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microgrids are poised to play a big role in the electricity ecosystem of the future—with decarbonization, digitalization, decentralization, and non-wires solutions being key attributes. This handbook serves as a guide to evaluate the feasibility of microgrid systems in enhancing power supply quality and connectivity. It includes information about on-grid microgrids for urban and industrial applications, prevailing business models, and emerging trends that could shape the future of this sector.

Download or read book Energy Storage for Sustainable Microgrid written by David Wenzhong Gao and published by Academic Press. This book was released on 2015-07-25 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Microgrids written by Nikos Hatziargyriou and published by John Wiley & Sons. This book was released on 2014-03-03 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microgrids are the most innovative area in the electric power industry today. Future microgrids could exist as energy-balanced cells within existing power distribution grids or stand-alone power networks within small communities. A definitive presentation on all aspects of microgrids, this text examines the operation of microgrids – their control concepts and advanced architectures including multi-microgrids. It takes a logical approach to overview the purpose and the technical aspects of microgrids, discussing the social, economic and environmental benefits to power system operation. The book also presents microgrid design and control issues, including protection and explaining how to implement centralized and decentralized control strategies. Key features: original, state-of-the-art research material written by internationally respected contributors unique case studies demonstrating success stories from real-world pilot sites from Europe, the Americas, Japan and China examines market and regulatory settings for microgrids, and provides evaluation results under standard test conditions a look to the future – technical solutions to maximize the value of distributed energy along with the principles and criteria for developing commercial and regulatory frameworks for microgrids Offering broad yet balanced coverage, this volume is an entry point to this very topical area of power delivery for electric power engineers familiar with medium and low voltage distribution systems, utility operators in microgrids, power systems researchers and academics. It is also a useful reference for system planners and operators, manufacturers and network operators, government regulators, and postgraduate power systems students. CONTRIBUTORS Thomas Degner Aris Dimeas Alfred Engler Nuno Gil Asier Gil de Muro Guillermo Jiménez-Estévez George Kariniotakis George Korres André Madureira Meiqin Mao Chris Marnay Jose Miguel Yarza Satoshi Morozumi Alexander Oudalov Frank van Overbeeke Rodrigo Palma Behnke Joao Abel Pecas Lopes Fernanda Resende John Romankiewicz Christine Schwaegerl Nikos Soultanis Liang Tao Antonis Tsikalakis

Download or read book Optimization of Unit Commitment and Economic Dispatch in Microgrids Based on Genetic Algorithm and Mixed Integer Linear Programming written by Mohsen Shiralizadeh Nemati and published by kassel university press GmbH. This book was released on 2018-04-16 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy Management System (EMS) applications of modern power networks like microgrids have to respond to a number of stringent challenges due to current energy revolution. Optimal resource dispatch tasks must be handled with specific regard to the addition of new resource types and the adoption of novel modeling considerations. In addition, due to the comprehensive changes concerning the multi cell grid structure, new policies should be fulfilled via microgrids’ EMS. At the same time achieving a variety of conflicting goals in different microgrids requires a universal and a multi criteria optimization tool. In this work two dispatch-optimizers based on genetic algorithm and mixed integer linear programming for a centralized EMS are introduced which can schedule the unit commitment and economic dispatch of microgrid units. In the proposed methods, different network restrictions like voltages and equipment loadings and unit constraints have been considered.

Download or read book Wind Power Generation and Wind Turbine Design written by Wei Tong and published by WIT Press. This book was released on 2010-04-30 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Microgrids and Active Distribution Networks written by Sunetra Chowdhury and published by IET. This book was released on 2009-06-24 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microgrids and Active Distribution Networks offer a potential solution for sustainable, energy-efficient power supply to cater for increasing load growth, supplying power to remote areas, generation of clean power and reduction in emission of greenhouse gases & particulates as per Kyoto protocol.

Download or read book Microgrids Design and Implementation written by Antonio Carlos Zambroni de Souza and published by Springer. This book was released on 2018-11-29 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Research Trends and Challenges in Smart Grids written by Alfredo Vaccaro and published by BoD – Books on Demand. This book was released on 2020-01-15 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the most promising enabling technologies and methodologies for smart grids. It not only focuses on technological breakthroughs and roadmaps in implementing these technologies, but also presents the much-needed sharing of best practices, demonstrating the potential role of smart grid functions in improving the technical, economic, and environmental performance of modern power distribution systems. This can be achieved by allowing for massive pervasion of dispersed generating units, increasing the hosting capacity of renewable power generators, reducing active power losses and atmospheric emissions, and improving system flexibility.