Related papers: Least-Cost Structuring of 24/7 Carbon-Free Electri…
A growing number of public and private energy buyers are interested in 24/7 carbon-free energy (CFE) procurement, which means that every kilowatt-hour of electricity consumption is met by carbon-free sources at all times. It has the…
This paper proposes a two-stage stochastic optimization formulation to determine optimal operation and procurement plans for achieving a 24/7 carbon-free energy (CFE) compliance at minimized cost. The system in consideration follows primary…
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…
Voluntary carbon-free electricity (CFE) procurement has the potential to accelerate electric sector decarbonization, but procurement strategies vary widely, leading to uncertainty about emissions, investments, and costs. This study assesses…
Companies with datacenters are procuring significant amounts of renewable energy to reduce their carbon footprint. There is increasing interest in achieving 24/7 Carbon-Free Energy (CFE) matching in electricity usage, aiming to eliminate…
In the effort to achieve carbon neutrality through a decentralized electricity market, accurate short-term load forecasting at low aggregation levels has become increasingly crucial for various market participants' strategies. Accurate…
We develop a probabilistic framework for joint simulation of short-term electricity generation from renewable assets. In this paper we describe a method for producing hourly day-ahead scenarios of generated power at grid-scale across…
Several research studies have shown that future sustainable electricity systems, mostly based on renewable generation and storage, are feasible with current technologies and costs. However, recent episodes of extreme weather conditions,…
Wind power is playing an increasingly important role in electricity markets. However, it's inherent variability and uncertainty cause operational challenges and costs as more operating reserves are needed to maintain system reliability.…
We consider some crucial problems related to the secure and reliable operation of power systems with high renewable penetrations: how much reserve should we procure, how should reserve resources distribute among different locations, and how…
Data centers are significant contributors to carbon emissions and can strain power systems due to their high electricity consumption. To mitigate this impact and to participate in demand response programs, cloud computing companies strive…
Investment in renewable electricity generation is highly capital intensive and therefore strongly dependent on financing conditions. In Europe, much of this investment has occurred under public support schemes that resemble long-term public…
Under the global low-carbon target, the uneven spatiotemporal distribution of renewable energy resources exacerbates the uncertainty and seasonal power imbalance. Additionally, the issue of an incomplete hydrogen energy chain is widely…
This paper addresses the energy management of a grid-connected renewable generation plant coupled with a battery energy storage device in the capacity firming market, designed to promote renewable power generation facilities in small…
Renewable energy is essential for energy security and global warming mitigation. However, power generation from renewable energy sources is uncertain due to volatile weather conditions and complex equipment operations. To improve…
Intermittent renewable energy resources like wind and solar pose great uncertainty of multiple time scales, from minutes to years, on the design and operation of power systems. Energy system optimization models have been developed to find…
A promising approach to hedge against the inherent uncertainty of renewable generation is to equip the renewable plants with energy storage systems. This paper focuses on designing profit maximization offering strategies, i.e., the…
Cost optimal scenarios derived from models of a highly renewable electricity system depend on the specific input data, cost assumptions and system constraints. Here this influence is studied using a techno-economic optimisation model for a…
High penetration of renewable energy sources and the increasing share of stochastic loads require the explicit representation of uncertainty in tools such as the optimal power flow (OPF). Current approaches follow either a linearized…
Keeping the balance between supply and demand is a fundamental task in power system operational planning practices. This task becomes particularly challenging due to the deepening penetration of renewable energy resources, which induces a…