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We describe our experience in developing a predictive model that placed high position in the BigDeal Challenge 2022, an energy competition of load and peak forecasting. We present a novel procedure for feature engineering and feature…
The transition from conventional methods of energy production to renewable energy production necessitates better prediction models of the upcoming supply of renewable energy. In wind power production, error in forecasting production is…
An important revenue stream for electric battery operators is often arbitraging the hourly price spreads in the day-ahead auction. The optimal approach to this is challenging if risk is a consideration as this requires the estimation of…
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…
Accurate production forecasts are essential to continue facilitating the integration of renewable energy sources into the power grid. This paper illustrates how to obtain probabilistic day-ahead forecasts of wind power generation via…
With the time-varying renewable energy generation and power demand, microgrids (MGs) exchange energy in smart grids to reduce their dependence on power plants. In this paper, we formulate an MG energy trading game, in which each MG trades…
The rapid growth of weather-dependent renewable generation increases price volatility and imbalance penalty risk in power markets, creating the need for advanced quantitative trading strategies. We develop a data-driven continuous-time…
One of the major limitations of optimization-based strategies for allocating the power flow in hybrid powertrains is that they rely on predictions of future power demand. These predictions are inherently uncertain as they are dependent on…
This paper presents a method to better integrate dynamic models for renewable resources into synthetic electric grids. An automated dynamic models assignment process is proposed for wind and solar generators. A realistic composition ratio…
The growing penetration of intermittent, renewable generation in US power grids, especially wind and solar generation, results in increased operational uncertainty. In that context, accurate forecasts are critical, especially for wind…
Wind turbines located in wind farms are operated to maximize only their own power production. Individual operation results in wake losses that reduce farm energy. In this study, we operate a wind turbine array collectively to maximize total…
The rising share of volatile renewable generation increases the demand for flexibility in the electricity grid. Flexible capacity can be offered by industrial energy systems through participation on either the continuous intraday,…
The ever-growing use of wind energy makes necessary the optimization of turbine operations through pitch angle controllers and their maintenance with early fault detection. It is crucial to have accurate and robust models imitating the…
Power supply from renewable resources is on a global rise where it is forecasted that renewable generation will surpass other types of generation in a foreseeable future. Increased generation from renewable resources, mainly solar and wind,…
The vision of electrolytic hydrogen as a clean energy vector prompts the emergence of hydrogen-centric companies that must simultaneously engage in electricity, hydrogen, and green certificate markets while operating complex, geographically…
This paper introduces the concept of affine reserve policies for accommodating large, fluctuating renewable infeeds in power systems. The approach uses robust optimization with recourse to determine operating rules for power system entities…
Wind energy plays an increasing role in the supply of energy world-wide. The energy output of a wind farm is highly dependent on the weather condition present at the wind farm. If the output can be predicted more accurately, energy…
With the increasing amount of available data from simulations and experiments, research for the development of data-driven models for wind-farm power prediction has increased significantly. While the data-driven models can successfully…
This paper proposes a decentralized model of energy cooperation between microgrids, in which decisions are made locally, at the level of the microgrid community. Each microgrid is modeled as an autonomous agent that adopts a Hawk or Dove…
This paper presents an integrated model for bidding energy storage in day-ahead and real-time markets to maximize profits. We show that in integrated two-stage bidding, the real-time bids are independent of day-ahead settlements, while the…