Crediting Variable Renewable Energy and Energy Storage in Capacity Markets: Effects of Unit Commitment and Storage Operation

Author(s):  
Shen Wang ◽  
Ningkun Zheng ◽  
Cynthia D Bothwell ◽  
Qingyu Xu ◽  
Saamrat Kasina ◽  
...  
2018 ◽  
Vol 12 (6) ◽  
Author(s):  
Issoufou Tahirou Halidou ◽  
Harun Or Rashid Howlader ◽  
Mohammed E. Lotfy ◽  
Atsushi Yona ◽  
Tomonobu Senjyu

2021 ◽  
Author(s):  
Maria Tariq ◽  
Tajamal Hussain ◽  
Adnan Mujahid ◽  
Mirza Nadeem Ahmad ◽  
Muhammad Imran Din ◽  
...  

With the increasing pressure of population, the energy demand is growing explosively. By 2050, it is expected that the world population may reach to about 9 billion which may result in the increase of energy requirement to about 12.5 trillion watts. Due to increasing pressures of population, industries and technology, concerns to find possibilities to cope with increasing demand of energy resources, arise. Although the renewable energy resources including fossil fuels, wind, water and solar energy have been used for a long time to fulfill the energy requirements, but they need efficient conversions and storage techniques and are responsible for causing environmental pollution due to greenhouse gases as well. It is thus noteworthy to develop methods for the generation and storage of renewable energy devices that can replace the conventional energy resources to meet the requirement of energy consumption. Due to high energy demands, the sustainable energy storage devices have remained the subject of interest for scientists in the history, however, the traditional methods are not efficient enough to fulfill the energy requirements. In the present era, among other variety of advanced treatments, nano-sciences have attracted the attention of the scientists. While talking about nano-science, one cannot move on without admiring the extraordinary features of carbon nanotubes (CNTs) and other carbon based materials. CNTs are on the cutting edge of nano science research and finding enormous applications in energy storage devices. Excellent adsorption capabilities, high surface area, better electrical conductivity, high mechanical strength, corrosion resistance, high aspect ratio and good chemical and physical properties of CNTs have grabbed tremendous attention worldwide. Their charge transfer properties make them favorable for energy conversion applications. The limitation to the laboratory research on CNTs for energy storage techniques due to low specific capacitance and limited electrochemical performance can be overcome by surface functionalization using surface functional groups that can enhance their electrical and dispersion properties. In this chapter, ways CNTs employed to boost the abilities of the existing material used to store and transfer of energy have been discussed critically. Moreover, how anisotropic properties of CNTs play important role in increasing the energy storage capabilities of functional materials. It will also be discussed how various kinds of materials can be combined along CNTs to get better results.


2021 ◽  
Vol 9 (2) ◽  
pp. 24-27
Author(s):  
Maximilian Bonnici ◽  
◽  
Henry Greene ◽  
Isabelle Bonnici ◽  
◽  
...  

Clean energy may offer a more environmentally friendly outcome than fossil fuels. However, clean energy is beset by uncertainties when the sun does not shine through and the wind does not blow. Worse still, science has not yet overcome scalability issues that are compounded by lack of technological knowhow on how to store solar and wind energy. The electrical “green-outs” of August 2020 in California are a reminder that without storage facilities for clean energy, utilities are driven to spot markets for electricity rendered from traditional sources of energy as economic setbacks occur due to compromised supplies of electricity. Without means of energy storage, new technology cannot fully replace the old. One can only hope that the dream to build a future based on renewable energy will lead to discoveries that will overcome scalability and storage issues.


Author(s):  
Ronald Nguele ◽  
Katia Nchimi Nono ◽  
Kyuro Sasaki

Large volumes of unconventional fossil resource are untapped because of the capillary forces, which kept the oil stranded underground. Furthermore, with the increasing demand for sustainable energy and the rising attention geared towards environment protection, there is a vital need to develop materials that bridge the gap between the fossil and renewable resources effectively. An intensive attention has been given to nanomaterials, which from their native features could increase either the energy storage or improve the recovery of fossil energy. The present chapter, therefore, presents the recent advancements of nanotechnology towards the production of unconventional resources and renewable energy. The chapter focuses primarily on nanomaterials applications for both fossils and renewable energies. The chapter is not intended to be an exhaustive representation of nanomaterials, rather it aims at broadening the knowledge on functional nanomaterials for possible engineering applications.


2020 ◽  
Vol 16 (1) ◽  
pp. 115-129
Author(s):  
S. F. Syed Vasiyullah ◽  
S. G. Bharathidasan

AbstractIn restructured power system, Generation Companies (GENCOs) has an opportunity to sell power and reserve in power market to earn profit by market clearing process. Defining unit commitment problem in a competitive environment to maximize the profit of GENCOs while satisfying all the network constraints is called Profit Based Unit Commitment problem (PBUC). The main contribution of this paper is modeling and inclusion of Market Clearing Price (MCP) in PBUC problem. In Day market, MCP is determined by market operator which provides maximum social welfare for both GENCOs and Consumers.On other hand this paper proposes a novel combination of solution methodology: Improved Pre-prepared power demand (IPPD) table and Analytical Hierarchy method (AHP) for solving the optimal day ahead scheduling problem as an another contribution. In this method, the status of unit commitment is obtained by IPPD table and AHP provides an optimal solution to PBUC problem. Minimizing total operating cost of thermal units to provide maximum profit to GENCOs is called an optimal day ahead scheduling problem. Also it will be more realistic to redefine this problem to include multiple distributed resources and Electric vehicles with energy storage. Because of any uncertainties or fluctuation of renewable energy resources (RESs), Electric vehicles (EV) can be used as load, energy sources and energy storage. This would reduce cost, emission and to improve system power quality and reliability. So output power of solar (PS), wind output power (PW) and Electric Vehicles power (PEV) are modeled and included into day ahead scheduling problem.The proposed methodology is tested on a standard thermal unit system with or without RESs and EVs. Cost and emission reduction in a smart grid by maximum utilization of EVs and RESs are presented in this literature. It is indicated that the proposed method provides maximum profit to GENCOs when compared to other methodologies such as Memory Management Algorithm, Improved Particle Swarm Optimization (PSO), Muller method, Gravitational search algorithm etc.


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