- Stochastic optimization to coordinate distributed energy resources
- Accurate prediction and quantification of uncertainties
In the following example, the HVAC systems in a coordinated group of buildings are alternating their schedules to smooth out the aggregated load profile while meeting the physical requirements for the grid and occupants.
TRANSACTIVE ENERGY AND NEW BUSINESS MODELS
- Transactive signals and tariff design for demand responses
- Utilities provide batteries and reserves as service to individual customers
The new paradigm of generation following load requires utility companies to develop new business models to maintain a sustainable portfolio. It is trending that utility companies use the grid as a service rather than purely selling energy to profit. The risks and returns are now shared among utility companies and end consumers, which requires new mathematical modeling.