scholarly journals Stochastic risk-sensitive market integration for renewable energy: Application to ocean wave power plants

2018 ◽  
Vol 229 ◽  
pp. 474-481 ◽  
Author(s):  
Kwami Senam A. Sedzro ◽  
Shalinee Kishore ◽  
Alberto J. Lamadrid ◽  
Luis F. Zuluaga
2014 ◽  
Vol 918 ◽  
pp. 73-78 ◽  
Author(s):  
Hendra ◽  
Anizar Indriani ◽  
Hernadewita

Pneumatic mechanism widely used in industrial, automotive, aerospace, and etc. The principle of pneumatic like piston is move up and down due to the air pressure inside the piston. Mechanism of piston can be applied to the power plant that utilizes the ocean waves where as use of piston mechanism is very helpful in solving the problem of fossil fuel scarcity as a source of energy in power plants. In this study we will focus on the pneumatic system which utilizing ocean wave that moves longitudinally to encourage buoy that located on the piston shaft to up and down and then the pressing of air out of piston. Output of the piston will be forwarded to the generator (rotor and stator) to produce a voltage. In this paper is focused on the manufacture of pneumatic systems and processes to produce the rotation and voltage. Material of piston tube component made of aluminum and rubber, buoys made of plastic and generator such as of metal and copper coils. Output of the piston will be forwarded to the generator (rotor and stator) to produce a voltage. In this paper is focused on the manufacture of pneumatic systems and processes to obtained the rotation and voltage with aluminum for piston tube material, buoys made of plastic and magnet rotor and copper coils of stator include on the generator and get the results of ocean wave power plant using piston mechanism is 1400 rpm with a voltage of 36 volt.


2011 ◽  
Vol 347-353 ◽  
pp. 3430-3433
Author(s):  
Ke Sheng Wang ◽  
Ming Chen

Ocean wave power is emerging as a particularly attractive form of renewable energy. Dielectric Electric Active Polymers (DEAP) have has been used to transform electrical to mechani¬cal energy in an actuator mode. However it has few applications in a generator mode. This paper introduces a new concept of “New Renewable Energy” and presents a prototype of DEAP ocean wave powered generator, which has been developed at Knowledge Discovery Laboratory (KDL), Norwegian University of Science and Technology (NTNU). The DEAP prototype could be easily extended to other applications such as human-power generator, conventional power generators, and wind power applications.


2021 ◽  
Vol 11 (2) ◽  
pp. 429-436
Author(s):  
Widi Aribowo ◽  
Achmad Imam Agung ◽  
Subuh Isnur Haryudo ◽  
Syamsul Muarif

The need for electrical energy has increased every year. On the other hand, the largest power plants in Indonesia still use non-renewable energy sources such as coal and petroleum, while these non-renewable energy sources will eventually run out. To anticipate running out of this energy, a renewable energy source is needed. This existence will not run out even though it is consumed every day. Renewable energy that can be used for conversion into electrical energy in coastal areas is wave power.  The waves that always crash on the shoreline can be used to drive turbines. The turbine rotates due to the crashing waves connected to a DC generator. It will convert mechanical energy into electrical energy. The electrical energy generated by the DC generator is used to charge the battery. The purpose of this research is the know-how to design a wave power generator and to determine the performance. The experimental method is used in this study. In the results, the generator works optimally during the day with the resulting voltage of 10.6 V to 10.7 V with rotation speed of 623 Rpm to With 710 Rpm.


Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3860
Author(s):  
Priyanka Shinde ◽  
Ioannis Boukas ◽  
David Radu ◽  
Miguel Manuel de Manuel de Villena ◽  
Mikael Amelin

In recent years, the vast penetration of renewable energy sources has introduced a large degree of uncertainty into the power system, thus leading to increased trading activity in the continuous intra-day electricity market. In this paper, we propose an agent-based modeling framework to analyze the behavior and the interactions between renewable energy sources, consumers and thermal power plants in the European Continuous Intra-day (CID) market. Additionally, we propose a novel adaptive trading strategy that can be used by the agents that participate in CID market. The agents learn how to adapt their behavior according to the arrival of new information and how to react to changing market conditions by updating their willingness to trade. A comparative analysis was performed to study the behavior of agents when they adopt the proposed strategy as opposed to other benchmark strategies. The effects of unexpected outages and information asymmetry on the market evolution and the market liquidity were also investigated.


2021 ◽  
Vol 13 (7) ◽  
pp. 3933
Author(s):  
Solomon E. Uhunamure ◽  
Karabo Shale

South Africa is been faced with erratic power supply, resulting in persistent load shedding due to ageing in most of its coal-fired power plants. Associated with generating electricity from fossil fuel are environmental consequences such as greenhouse emissions and climate change. On the other hand, the country is endowed with abundant renewable energy resources that can potentially ameliorate its energy needs. This article explores the viability of renewable energy using the strengths, weaknesses, opportunities and threats (SWOT) analysis approach on the key renewable potential in the country. The result indicates that geographic position, political and economic stability and policy implementation are some of the strengths. However, Government bureaucratic processes, level of awareness and high investment cost are some of the weaknesses. Several opportunities favour switching to renewable energy, and these include regional integration, global awareness on climate change and the continuous electricity demand. Some threats hindering the renewable energy sector in the country include land ownership, corruption and erratic climatic conditions. Some policy implications are suggested based on the findings of the study.


Author(s):  
Seyedeh Asra Ahmadi ◽  
Seyed Mojtaba Mirlohi ◽  
Mohammad Hossein Ahmadi ◽  
Majid Ameri

Abstract Lack of investment in the electricity sector has created a huge bottleneck in the continuous flow of energy in the market, and this will create many problems for the sustainable growth and development of modern society. The main reason for this lack of investment is the investment risk in the electricity sector. One way to reduce portfolio risk is to diversify it. This study applies the concept of portfolio optimization to demonstrate the potential for greater use of renewable energy, which reduces the risk of investing in the electricity sector. Besides, it shows that investing in renewable energies can offset the risk associated with the total input costs. These costs stem from the volatility of associated prices, including fossil fuel, capital costs, maintenance, operation and environmental costs. This case study shows that Iran can theoretically supply ~33% of its electricity demand from renewable energy sources compared to its current 15% share. This case study confirms this finding and predicts that Iran, while reducing the risk of investing in electricity supply, can achieve a renewable energy supply of ~9% with an average increase in supply costs. Sensitivity analysis further shows that with a 10% change in input cost factors, the percentage of renewable energy supply is only partially affected, but basket costs change according to the scenario of 5–32%. Finally, suggestions are made that minimize risk rather than cost, which will bring about an increase in renewable energy supply.


Author(s):  
Jiang-Jiang Wang ◽  
Chun-Fa Zhang ◽  
You-Yin Jing

The multi-criteria evaluation methods of complex systems such as the new and renewable technologies gradually spring up. The feasibility of energy power plants is evaluated and considered from many aspects, such as technology, economic cost and environment protection. However, the energy power plants’ ranking results in different methods or different weighs can be different. Accordingly, the sequencing results should be aggregated and analyzed, and then an integrated result should be given out. Aiming to get the specific evaluation result, 10 kinds of energy power plants, such as hydro, nuclear, wind, geothermal and biomass plants are considered and evaluated. The singular value decomposition method is employed to aggregate the evaluation results in grey relational method, PROMENTHEE II method, and other results from literature. The integrated evaluation result shows that the hydro and nuclear power plants are located on the first place and the renewable energy power plants have great potential development in the future.


Author(s):  
Alexey Dragunov ◽  
Eugene Saltanov ◽  
Igor Pioro ◽  
Pavel Kirillov ◽  
Romney Duffey

It is well known that the electrical-power generation is the key factor for advances in any other industries, agriculture and level of living. In general, electrical energy can be generated by: 1) non-renewable-energy sources such as coal, natural gas, oil, and nuclear; and 2) renewable-energy sources such as hydro, wind, solar, biomass, geothermal and marine. However, the main sources for electrical-energy generation are: 1) thermal - primary coal and secondary natural gas; 2) “large” hydro and 3) nuclear. The rest of the energy sources might have visible impact just in some countries. Modern advanced thermal power plants have reached very high thermal efficiencies (55–62%). In spite of that they are still the largest emitters of carbon dioxide into atmosphere. Due to that, reliable non-fossil-fuel energy generation, such as nuclear power, becomes more and more attractive. However, current Nuclear Power Plants (NPPs) are way behind by thermal efficiency (30–42%) compared to that of advanced thermal power plants. Therefore, it is important to consider various ways to enhance thermal efficiency of NPPs. The paper presents comparison of thermodynamic cycles and layouts of modern NPPs and discusses ways to improve their thermal efficiencies.


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