Risk-Involved Optimal Operating Strategy of a Hybrid Power Generation Company: A Mixed Interval-CVaR Model

Energy ◽  
2021 ◽  
pp. 120975
Author(s):  
Hooman Khaloie ◽  
Amjad Anvari-Moghaddam ◽  
Javier Contreras ◽  
Pierluigi Siano
2000 ◽  
Author(s):  
Jeppe Grue ◽  
Jens Andersen ◽  
Niels From ◽  
Inger Bach

Abstract In Denmark power generation is extensively based on small combined heat and power plants, which produce electric power and district heating. This work will focus on the small plants around 1 MW in size, which are often unmanned and operating completely automatically. The objective of this work is to formulate a method which can be used to determine the optimal operating strategy for a CHP plant, and that this strategy must be fully automated. The contribution margin of the plant is used as the objective function for the optimization. Finally the method is tested on a small CHP plant, which is a gas engine producing 1.34 MW electrical power and 1.6 MJ/s district heating. The methods, which are developed, can be used in general for the evaluation and optimization of automated strategies for the operation of small-unmanned CHP plants. The strong feature of the method is that it sets an ultimate target that is the best possible one to obtain with a view to any strategy. This provides a basis for the evaluation and optimization of the actual strategy.


2005 ◽  
Vol 151 (3) ◽  
pp. 8-18 ◽  
Author(s):  
Shigehiro Yamamoto ◽  
Kazuyoshi Sumi ◽  
Eiichi Nishikawa ◽  
Takeshi Hashimoto

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