Related papers: Online Decision Making for Trading Wind Energy
In recent years, transfer learning gained particular interest in the field of vision and natural language processing. In the research field of vision, e.g., deep neural networks and transfer learning techniques achieve almost perfect…
In many problems in machine learning and operations research, we need to optimize a function whose input is a random variable or a probability density function, i.e. to solve optimization problems in an infinite dimensional space. On the…
Airborne wind energy systems aim to generate renewable energy by means of the aerodynamic lift produced by a wing tethered to the ground and controlled to fly crosswind paths. The problem of maximizing the average power developed by the…
The integration of renewables into electrical grids calls for optimization-based control schemes requiring reliable grid models. Classically, parameter estimation and optimization-based control is often decoupled, which leads to high system…
Renewable energy brings huge uncertainties to the power system, which challenges the traditional power system operation with limited flexible resources. One promising solution is to introduce dynamic pricing to more consumers, which, if…
Load forecasting is crucial for multiple energy management tasks such as scheduling generation capacity, planning supply and demand, and minimizing energy trade costs. Such relevance has increased even more in recent years due to the…
In this study, we leverage powerful non-linear machine learning methods to identify the characteristics of trades that contain valuable information. First, we demonstrate the effectiveness of our optimized neural network predictor in…
Power producers use a wide range of decision support systems to manage and plan for sales in the day-ahead electricity market, and they are often faced with the challenge of choosing the most advantageous bidding strategy for any given day.…
This paper studies the problem of maximizing revenue from a grid-scale battery energy storage system, accounting for uncertain future electricity prices and the effect of degradation on battery lifetime. We formulate this task as an online…
We propose a framework for applying reinforcement learning to contextual two-stage stochastic optimization and apply this framework to the problem of energy market bidding of an off-shore wind farm. Reinforcement learning could potentially…
Accurate renewable energy production forecasting has become a priority as the share of intermittent energy sources on the grid increases. Recent work has shown that convolutional deep learning models can successfully be applied to forecast…
Transmitter-receiver energy harvesting model is assumed, where both the transmitter and receiver are powered by random energy source. Given a fixed number of bits, the problem is to find the optimal transmission power profile at the…
The objective of the GreenPAD project is to use green energy (wind, solar and biomass) for powering data-centers that are used to run HPC jobs. As a part of this it is important to predict the Renewable (Wind) energy for efficient…
High-frequency trading (HFT) represents a pivotal and intensely competitive domain within the financial markets. The velocity and accuracy of data processing exert a direct influence on profitability, underscoring the significance of this…
Optimal implementation and monitoring of wind energy generation hinge on reliable power modeling that is vital for understanding turbine control, farm operational optimization, and grid load balance. Based on the idea of similar wind…
In the modern power market, electricity trading is an extremely competitive industry. More accurate price forecast is crucial to help electricity producers and traders make better decisions. In this paper, a novel method of convolutional…
Because of the global need to increase power production from renewable energy resources, developments in the online monitoring of the associated infrastructure is of interest to reduce operation and maintenance costs. However, challenges…
Electricity price forecasting is a critical tool for the efficient operation of power systems and for supporting informed decision-making by market participants. This paper explores a novel methodology aimed at improving the accuracy of…
As a critical component of modern infrastructure, data centers account for a huge amount of power consumption and greenhouse gas emission. This paper studies the electricity purchase strategy for a data center to lower its energy cost while…
The production of renewable and sustainable energy is one of the most important challenges currently facing mankind. Wind has made an increasing contribution to the world's energy supply mix, but still remains a long way from reaching its…