Uncertainty models for stochastic optimization in renewable energy applications
With the rapid surge of renewable energy integrations into the electrical grid, the main
questions remain; how do we manage and operate optimally these surges of fluctuating …
questions remain; how do we manage and operate optimally these surges of fluctuating …
Energy management for stationary electric energy storage systems: A systematic literature review
T Weitzel, CH Glock - European Journal of Operational Research, 2018 - Elsevier
Abstract Electric Energy Storage Systems (EESS) have received an increased attention in
recent years due to their important role in an active management of energy supply systems …
recent years due to their important role in an active management of energy supply systems …
[HTML][HTML] Integrated day-ahead and intraday self-schedule bidding for energy storage systems using approximate dynamic programming
Most modern energy markets trade electricity in advance for technical reasons. Thus, market
participants must commit to delivering or consuming a certain amount of energy before the …
participants must commit to delivering or consuming a certain amount of energy before the …
[HTML][HTML] A deep reinforcement learning framework for continuous intraday market bidding
The large integration of variable energy resources is expected to shift a large part of the
energy exchanges closer to real-time, where more accurate forecasts are available. In this …
energy exchanges closer to real-time, where more accurate forecasts are available. In this …
Optimizing trading decisions of wind power plants with hybrid energy storage systems using backwards approximate dynamic programming
B Finnah, J Gönsch - International Journal of Production Economics, 2021 - Elsevier
On most modern energy markets, electricity is traded in advance and a power producer has
to commit to deliver a certain amount of electricity some time before the actual delivery. This …
to commit to deliver a certain amount of electricity some time before the actual delivery. This …
[HTML][HTML] Resource allocation problems in decentralized energy management
T van der Klauw, MET Gerards, JL Hurink - OR Spectrum, 2017 - Springer
Abstract Changes in our electricity supply chain are causing a paradigm shift from
centralized control towards decentralized energy management. Within the framework of …
centralized control towards decentralized energy management. Within the framework of …
[HTML][HTML] Optimal bidding functions for renewable energies in sequential electricity markets
B Finnah - OR Spectrum, 2022 - Springer
In most modern energy markets, electricity is traded in pay-as-clear auctions. Usually,
multiple sequential markets with daily auctions, in which each hourly product is traded …
multiple sequential markets with daily auctions, in which each hourly product is traded …
A sample robust optimal bidding model for a virtual power plant
S Kim, DG Choi - European Journal of Operational Research, 2024 - Elsevier
In many energy markets, the trade amount of electricity must be committed to before the
actual supply. This study explores one consecutive operational challenge for a virtual power …
actual supply. This study explores one consecutive operational challenge for a virtual power …
[HTML][HTML] Seasonal hydrogen storage decisions under constrained electricity distribution capacity
We consider a profit-maximizing renewable energy producer operating in a rural area with
limited electricity distribution capacity to the grid. While maximizing profits, the energy …
limited electricity distribution capacity to the grid. While maximizing profits, the energy …
Heuristic decision rules for short-term trading of renewable energy with co-located energy storage
M Hassler - Computers & Operations Research, 2017 - Elsevier
In the last decade, the share of renewable energy sources in the energy mix has risen
significantly in many countries, and the large-scale integration of these intermittent energy …
significantly in many countries, and the large-scale integration of these intermittent energy …