Related papers: Decarbonizing OCP
The ability of deeply decarbonised power systems to ensure adequacy may increasingly depend on long-duration energy storage (LDES). A central challenge is whether capacity markets (CMs), originally designed around thermal generation, can…
Historically, financial risk management has mostly addressed risk factors that arise from the financial environment. Climate risks present a novel and significant challenge for companies and financial markets. Investors aiming for avoidance…
The world needs around 150 Pg of negative carbon emissions to mitigate climate change. Global soils may provide a stable, sizeable reservoir to help achieve this goal by sequestering atmospheric carbon dioxide as soil organic carbon (SOC).…
The deployment of CO2 capture and storage (CCS) and negative emissions technologies (NETs) are crucial to meet the net-zero target by year 2050, as emphasised by the Glasgow Climate Pact. Over the years, several energy planning models have…
The integration of storage and renewable resources fundamentally alters resource-adequacy analysis. Because storage couples decisions across time, it invalidates the traditional reliability models that are based on time-independent capacity…
The rising energy prices in Europe and the urgent need to address global warming have sparked a significant increase in the installation of domestic photovoltaic systems to harness solar energy. However, since solar energy is available only…
The distribution optimal power flow (D-OPF) models have gained attention in recent years to optimally operate acentrally-managed distribution grid. On account of nonconvex formulation that is difficult to solve, several relaxation methods…
A two-stage stochastic optimization model for the design of the closed-loop cable layout of an Offshore Wind Farm (OWF) is presented. The model consists on a Mixed Integer Linear Program (MILP) with scenario numeration incorporation to…
With the increasing proportion of variable renewable energy which owns fluctuation characteristics and the promotion of the Clean Heating policy, the seasonal energy imbalance of the system has been more and more challenging. There is a…
To meet carbon emission targets, governments around the world seek electricity consumers to invest in self-sufficiency technologies such as solar photovoltaic and battery storage. Such behaviour is sought in markets typically characterised…
The use of wind and solar generation is fundamental to the decarbonisation of the United Kingdom electricity system. However, the optimal level of renewable energy as a proportion of total demand is still being debated. In this paper,…
An essential facet of achieving climate neutrality by 2045 is the decarbonization of municipal energy systems. To accomplish this, it is necessary to establish implementation concepts that detail the timing, location, and specific measures…
Decarbonisation of the power sector requires feasible strategies for rapid phase-out of fossil fuels and expansion of low-carbon sources. This study develops and uses a model with an explicit account of power plant stocks to explore…
As we transition towards a power grid that is increasingly based on renewable resources like solar and wind, the intelligent control of distributed energy resources (DER) including photovoltaic (PV) arrays, controllable loads, energy…
With the decline of fossil fuel reserves and the escalating global average temperature, the quest for environmentally friendly and renewable energy sources has gained significant momentum. Focus has turned to wind and photovoltaic energy,…
The regulations regarding the Paris Agreement are planned to be adapted soon to keep the global temperature rise within 2 0C. Additionally, integrating renewable energy-based equipment and adopting new ways of producing energy resources,…
With the rapid growth in renewable energy and battery storage technologies, there exists significant opportunity to improve energy efficiency and reduce costs through optimization. However, optimization algorithms must take into account the…
The rapid growth of AI applications is dramatically increasing data center energy demand, exacerbating carbon emissions, and necessitating a shift towards 24/7 carbon-free energy (CFE). Unlike traditional annual energy matching, 24/7 CFE…
Achieving climate neutrality in Europe requires rapid electrification alongside carbon management strategies for residual emissions. Existing analyses of the European energy system often focus on collocated carbon capture and geological…
The transition to renewable energy has positioned photovoltaic (PV) systems and battery energy storage systems (BESS) as essential assets in microgrids, particularly for remote installations. However, traditional planning models often…