Related papers: Dynamic Valuation of Battery Lifetime
The presence of variable renewable energy resources with uncertain outputs in day-ahead electricity markets results in additional balancing needs in real-time. Addressing those needs cost-effectively and reliably within a competitive market…
In the global pursuit of carbon neutrality, the role of batteries is indispensable. They provide pivotal flexibilities to counter uncertainties from renewables, preferably by participating in electricity markets. Unlike thermal generators,…
Second-life battery energy storage systems (SL-BESS) are an economical means of long-duration grid energy storage. They utilize retired battery packs from electric vehicles to store and provide electrical energy at the utility scale.…
The read channel in Flash memory systems degrades over time because the Fowler-Nordheim tunneling used to apply charge to the floating gate eventually compromises the integrity of the cell because of tunnel oxide degradation. While…
As global energy demands escalate, and the use of non-renewable resources become untenable, renewable resources and electric vehicles require far better batteries to stabilize the new energy landscape. To maximize battery performance and…
Hybrid fast-charging stations with battery storage and local renewable generation can facilitate low-carbon electric vehicle (EV) charging, while reducing the stress on the distribution grid. This paper proposes energy management strategies…
In this work, we study the optimization problem of a renewable resource in finite time. The resource is assumed to evolve according to a logistic stochastic differential equation. The manager may harvest partially the resource at any time…
This paper proposes a novel continuous-time dynamic contract framework that has a risk-limiting capability. If a principal and an agent enter into such a contract, the principal can optimally manage its performance and risk with a guarantee…
The growing share of Renewable Energy Sources (RES) in modern power systems increases both grid imbalances and frequency deviations, reinforcing the need for ancillary services such as Frequency Containment Reserve (FCR) and passive…
Different types of energy sources (e.g., batteries, supercapacitors, fuel cells) can be utilized in electric vehicles to store and provide energy in the e-powertrain through power electronic devices [1-6]. The lifetime of the components in…
The large integration of variable energy resources is expected to shift a large part of the energy exchanges closer to real-time, where more accurate forecasts are available. In this context, the short-term electricity markets and in…
We investigate the ability of a homogeneous collection of deferrable energy loads to behave as a battery; that is, to absorb and release energy in a controllable fashion up to fixed and predetermined limits on volume, charge rate and…
This paper presents a new dynamic pricing model (a.k.a. real-time pricing) that reflects startup costs of generators. Dynamic pricing, which is a method to control demand by pricing electricity at hourly (or more often) intervals, has been…
We propose a data-driven, user-centric vehicle-to-grid (V2G) methodology based on multi-objective optimization to balance battery degradation and V2G revenue according to EV user preference. Given the lack of accurate and generalizable…
Renewable sources are taking center stage in electricity generation. However, matching supply with demand in a renewable-rich system is a difficult task due to the intermittent nature of renewable resources (wind, solar, etc.). As a result,…
This paper develops a new analytical model to estimate real-time variations in grid frequency and voltages resulting from dynamic network reconfiguration (DNR). In the proposed model, switching operations are considered as discrete…
Load flexibility management is a promising approach to face the problem of balancing generation and demand in electrical grids. This problem is becoming increasingly difficult due to the variability of renewable energies. Thermostatically…
Stochastic battery bidding in real-time energy markets is a nuanced process, with its efficacy depending on the accuracy of forecasts and the representative scenarios chosen for optimization. In this paper, we introduce a pioneering…
ZigBee network technology has been used widely in different commercial, medical and industrial applications, and the importance of keeping the network operating at a longer time was the main objective of ZigBee manufacturers. In this paper,…
Operating fleets of electric vehicles (EVs) introduces several challenges, some of which are borne by the fleet operator, and some of which are borne by the power grid. To maximize short-term profit a fleet operator could always charge EVs…