facebook

INDUSTRY NEWS

21
Aug

Integrating Solar Into Evolving Smart Grid

An economically feasible way to store solar energy in existing residential power networks is the subject of an award winning paper written by two Virginia Tech electrical engineers and presented at an international conference.

Today’s power systems are moving towards a smart grid concept to improve their efficiencies, reliability, economics, and sustainability. The engineers want to ensure that solar technologies are integrated with the existing technologies like energy storage and control systems.

Specifically, the distributed energy storage system computation they devised is called a discrete ascent optimal programming approach. It insures convergence of the various power systems after a finite number of computational iterations. A solution determined by using their approach depends upon the day ahead forecast of load variation, market prices, and photovoltaic generation.

The output of their optimization algorithm is a distributed energy storage charging and discharging schedule with maximized operation benefits.

Source and Read More 

LATEST ARTICLES

What lessons can be learnt from the UK’s latest Capacity Auction?

What lessons can be learnt from the UK’s latest Capacity Auction?

This month’s UK capacity market auction left a bitter taste in the mouths of optimistic developers, with final prices low enough to discourage new developments in clean energy and energy storage. This year’s T-4 auction clearing price of GBP £8.40 per kW a year – just over 60% lower than that of last year’s auction….

Read More

Cutting costs for bulk ES

What technologies are being explored to cut costs for bulk energy storage?

Making energy storage cheaper is a key goal of a horde of companies. But how are they looking to store energy at much larger – gigawatt-hours, not megawatt-hours – scales? Increasing energy density or improving component manufacturing efficiency can only go so far. Nothing can yet match pumped hydropower, however the limited availability of suitable…

Read More

energy storage industry news

Would you like to receive energy storage industry news, free powerpoint presentations and opinion articles from our team?

YESand if I don't like it I will unsubscribe! MAYBE LATERI am busy now thinking all things energy storage