This book provides a general overview of virtual power plants (VPP) as a key technology in future energy communities and active distribution and transmission networks for managing distributed energy resources, providing local and global services, and facilitating market participation of small-scale managing distributed energy resources and prosumers. The book also aims at describing some practical solutions, business models, and novel architectures for the implementation of VPPs in the real world. Each chapter of the book begins with the fundamental structure of the problem required for a rudimentary understanding of the methods described. It provides a clear picture for practical implementation of VPP through novel technologies such as blockchain, digital twin, and distributed ledger technology. The book will help the electrical and power engineers, undergraduate, graduate students, research scholars, and utility engineers to understand the emerging solutions regarding the VPP concept lucidly.

This book provides a general overview of virtual power plants (VPP) as a key technology in future energy communities and active distribution and transmission networks for managing distributed energy resources, providing local and global services, and facilitating market participation of small-scale managing distributed energy resources and prosumers. The book also aims at describing some practical solutions, business models, and novel architectures for the implementation of VPPs in the real world. Each chapter of the book begins with the fundamental structure of the problem required for a rudimentary understanding of the methods described. It provides a clear picture for practical implementation of VPP through novel technologies such as blockchain, digital twin, and distributed ledger technology. The book will help the electrical and power engineers, undergraduate, graduate students, research scholars, and utility engineers to understand the emerging solutions regarding the VPP concept lucidly.

The first detailed study of this most important class of systems which contain internal predictive models of themselves and/or of their environments and whose predictions are utilized for purposes of present control. This book develops the basic concept of a predictive model, and shows how it can be embedded into a system of feedforward control. Includes many examples and stresses analogies between wired-in anticipatory control and processes of learning and adaption, at both individual and social levels. Shows how the basic theory of such systems throws a new light both on analytic problems (understanding what is going on in an organism or a social system) and synthetic ones (developing forecasting methods for making individual or collective decisions).

Electric power systems are being transformed from older grid systems to smart grids across the globe. The goals of this transition are to address today’s electric power issues, which include reducing carbon footprints, finding alternate sources of decaying fossil fuels, eradicating losses that occur in the current available systems, and introducing the latest information and communication technologies (ICT) for electric grids. The development of smart grid technology is advancing dramatically along with and in reaction to the continued growth of renewable energy technologies (especially wind and solar power), the growing popularity of electric vehicles, and the continuing huge demand for electricity. Smart Grid Systems: Modeling and Control advances the basic understanding of smart grids and focuses on recent technological advancements in the field. This book provides a comprehensive discussion from a number of experts and practitioners and describes the challenges and the future scope of the technologies related to smart grid. Key features: provides an overview of the smart grid, with its needs, benefits, challenges, existing structure, and possible future technologies discusses solar photovoltaic (PV) system modeling and control along with battery storage, an integral part of smart grids discusses control strategies for renewable energy systems, including solar PV, wind, and hybrid systems describes the inverter topologies adopted for integrating renewable power covers the basics of the energy storage system and the need for micro grids describes forecast techniques for renewable energy systems presents the basics and structure of the energy management system in smart grids, including advanced metering, various communication protocols, and the cyber security challenges explores electric vehicle technology and its interaction with smart grids

Industry 4.0 is based on the cyber-physical transformation of processes, systems and methods applied in the manufacturing sector, and on its autonomous and decentralized operation. Industry 4.0 reflects that the industrial world is at the beginning of the so-called Fourth Industrial Revolution, characterized by a massive interconnection of assets and the integration of human operators with the manufacturing environment. In this regard, data analytics and, specifically, the artificial intelligence is the vehicular technology towards the next generation of smart factories.Chapters in this book cover a diversity of current and new developments in the use of artificial intelligence on the industrial sector seen from the fourth industrial revolution point of view, namely, cyber-physical applications, artificial intelligence technologies and tools, Industrial Internet of Things and data analytics. This book contains high-quality chapters containing original research results and literature review of exceptional merit. Thus, it is in the aim of the book to contribute to the literature of the topic in this regard and let the readers know current and new trends in the use of artificial intelligence for the Industry 4.0.

This study presents options to fully unlock the world’s vast solar PV potential over the period until 2050. It builds on IRENA’s global roadmap to scale up renewables and meet climate goals.

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units. As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained. Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as: • The modeling and forecasting of stochastic renewable power production. • The characterization of the impact of renewable production on market outcomes. • The clearing of electricity markets with high penetration of stochastic renewable units. • The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk. • The trading of the electric energy produced by stochastic renewable producers. • The association of a number of electricity production facilities, stochastic and others, to increase their competitive edge in the electricity market. • The development of procedures to enable demand response and to facilitate the integration of stochastic renewable units. This book is written in a modular and tutorial manner and includes many illustrative examples to facilitate its comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, applied mathematics and economics. Practitioners in the electric energy sector will benefit as well from the concepts and techniques explained in this book.

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. - Delineates key components shaping the design and implementation of local electricity market structure - Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion - Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors - Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities - Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation