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The high emission and low energy efficiency caused by internal combustion engines (ICE) have become unacceptable under environmental regulations and the energy crisis. As a promising alternative solution, multi-power source electric…
This study analyses the current viability of this business based on a sample of European countries in the year 2019; countries where electricity prices (day-ahead market) and financial conditions show a certain degree of heterogeneity. We…
This paper studies the synergy of solar-battery energy storage system (BESS) and develops a viable strategy for the BESS to unlock its economic potential by serving as a backup to reduce solar curtailments while also participating in the…
The increasing demand for direct electric energy in the grid is also tied to the increase of Electric Vehicle (EV) usage in the cities, which eventually will totally substitute combustion engine Vehicles. Nevertheless, this high amount of…
Electricity price forecasts are typically evaluated using accuracy measures such as RMSE and MAE, although these metrics often fail to reflect their economic value in operational decisions. This paper investigates which statistical…
This paper considers the optimal dispatch of energy-constrained heterogeneous storage units to maximise security of supply. A policy, requiring no knowledge of the future, is presented and shown to minimise unserved energy during…
The rapid integration of renewable energy resources, such as tidal and photovoltaic (PV) power, coupled with the growing deployment of electric vehicle (EV) charging infrastructure, necessitates coordinated planning for coastal urban…
This paper studies the problem of stochastic dynamic pricing and energy management policy for electric vehicle (EV) charging service providers. In the presence of renewable energy integration and energy storage system, EV charging service…
Large-scale battery energy storage systems (BESS) have found ever-increasing use across industry and society to accelerate clean energy transition and improve energy supply reliability and resilience. However, their optimal power management…
Batteries can effectively improve the security of energy systems and mitigate climate change by facilitating wind and solar power. The installed capacity of battery energy storage system (BESS), mainly the lithium ion batteries are…
This paper applies computational techniques of convex stochastic optimization to optimal operation and valuation of electricity storages in the face of uncertain electricity prices. Our valuations are based on the indifference pricing…
As the share of variable renewable energy sources increases in the electricity mix, new solutions are needed to build a flexible and reliable grid. Energy arbitrage with battery storage systems supports renewable energy integration into the…
In this report, several control strategies for microgrids with renewable energy resources and battery energy storage systems are proposed. Renewable energy has the potential to reduce global carbon emissions, while higher penetration of…
Adding renewable energy sources and storage units to an electric grid has led to a change in the way energy is generated and billed. This shift cannot be managed without a unified view of energy systems and their components. This unified…
Due to its reduced communication overhead and robustness to failures, distributed energy management is of paramount importance in smart grids, especially in microgrids, which feature distributed generation (DG) and distributed storage (DS).…
Wireless sensors can integrate rechargeable batteries and energy-harvesting (EH) devices to enable long-term, autonomous operation, thus requiring intelligent energy management to limit the adverse impact of energy outages. This work…
A spurt of progress in wireless power transfer (WPT) and mobile edge computing (MEC) provides a promising approach for Industrial Internet of Things (IIoT) to enhance the quality and productivity of manufacturing. Scheduling in such a…
Aggregators of consumer energy resources (CERs) like rooftop solar and battery energy storage (BES) face challenges due to their inherent uncertainties. A sensible approach is to use stochastic optimization to handle such uncertainties,…
Battery energy storage systems (BESSs) are essential for stable power supply in renewable energy systems that can operate in all weather. Future BESSs will be massive and pluggable with several heterogeneous batteries. In this paper, a…
The increasing need for energy storage solutions to balance variable renewable energy sources has highlighted the potential of Pumped Thermal Electricity Storage (PTES). In this paper, we investigate the trade-offs between model accuracy…