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The book covers energy storage systems, bioenergy and hydrogen economy, grid integration of renewable energy systems, distributed generation, economic analysis, and environmental impacts of renewable energy systems. The overall approaches are interdisciplinary and comprehensive, covering economic, environmental, and grid integration issues as well as the physical and engineering aspects. Core issues discussed include mechanical, electrical, and thermal energy storage systems, batteries, fuel cells, biomass and biofuels, hydrogen economy, distributed generation, a brief presentation of microgrids, and in-depth discussions of economic analysis and methods of renewable energy systems, environmental impacts, life-cycle analysis, and energy conservation issues. With several solved examples, holistic material presentation, in-depth subject matter discussions and self-content material presentation, this textbook will appeal strongly to students and professional and nonprofessional readers who wish to understand this fascinating subject. Readers are encouraged to solve the problems and questions, which are useful ways to understand and apply the concepts and the topics included.
Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems
The growth of renewable energy technologies, mainly wind and solar, demands the development of practical and economically viable energy storage technologies. This book explores the current state-of-the-art of large-scale energy storage and examines the likely environmental impacts of the main categories based on the types of energy stored.
This book covers various data scientific approaches to analyze the issue of grid integration of renewable energy for which the grid flexibility is the key to cope with its intermittency. It provides readers with the scope to view renewable energy integration as establishing a distributed energy network instead of the traditional centralized energy system. Specifically, quantitative valuation system-wise of the levelized cost of energy, which includes both initial cost and various operational costs, enables readers to optimize energy systems in order to minimize economic cost and environmental impact. It is noted, however, that the high cost of integrating renewable energy on a large scale might slow economic growth considerably. Topics addressed in the book also include statistical comparative study of the relationship between energy and economic growth, a graphical model of determinant factors for foreign direct investment in renewable energy, the coupled oscillator model and unit commitment model to capture intermittency of renewable energy, and the network model of evolving micro-grids. The book explains desired innovation to reduce the integration cost significantly using innovative technologies such as energy storage with hydrogen production and vehicle-to-grid technology. Illustrated by careful analysis of selected examples of renewable integration using different types of grid flexibility, this volume is indispensable to readers who make policy recommendations to establish the distributed energy network integrated with large-scale renewable energy by disentangling the nexus of energy, environment, and economic growth.
The creation of a flexible, efficient, digitized, dependable and resilient power grid may well be the best route to increasing energy efficiency & security, as well as boosting the potential of renewable & distributed power sources. This book covers smart grids from A-Z, providing a complete treatment of the topic, covering both policy and technology, explaining the most recent innovations supporting its development, and clarifying how the smart grid can support the integration of renewable energy resources. Among the most important topics included are smart metering, renewable energy storage, plug-in hybrids, flexible demand response, strategies for offsetting intermittency issues, micro-grids for off-grid communities, and specific in-depth coverage of wind and solar power integration. The content draws lessons from an international panel of contributors, whose diverse experiences implementing smart grids will help to provide templates for success. Provides critical information on the technological, design and policy issues that must be taken into account to ensure that the smart grid is implemented successfully Demonstrates how smart grids can help utilities adhere to increased renewable portfolio standards Provides examples of successful microgrid/smart metering projects from around the world that can act as templates for developers, operators and investors embarking upon similar projects
The Renewable Energy Systems: Fundamentals and Source Characteristics is a set book coming in two volumes. The first volume is named "Fundamentals and Source Characteristics of Renewable Energy Systems". It will cover electric energy from alternative energy sources including solar, wind, water, hydropower, geothermal and ocean energy. This textbook is intended for an audience with little or no power engineering or renewable energy background. The second volume is called "Energy Storage, Grid Integration, Energy Economics and the Environment". This book will cover energy storage systems, bioenergy and hydrogen economy, grid integration of the renewable energy systems, distributed generation, economic analysis and environmental impacts of renewable energy systems. Solutions manual and Power Point slides are also included for instructors.
Innovation and Disruption at the Grid’s Edge examines the viable developments in peer-to-peer transactions enabled by open platforms on the grid’s edge. With consumers and prosumers using more electronic platforms to trade surplus electricity from rooftop solar panels, share a storage battery, or use smart gadgets that manage load and self-generation, the grid's edge is becoming crowded. The book examines the growing number of consumers engaging in self-generation and storage, and analyzes the underlying causes and drivers of change, as well as the implications of how the utility sector—particularly the distribution network—should/could be regulated. The book also explores how tariffs are set and revenues are collected to cover both fixed and variable costs in a sustainable way. This reference is useful for anyone interested in the areas of energy generation and regulation, especially stakeholders engaged in the generation, transmission, and distribution of power. Examines the new players that will disrupt the energy grid markets Offers unique coverage of an emerging and unpublished topic Helps the reader understand up-to-date energy regulations and pricing innovations
This book presents selected papers from the 8th International Conference on Advances in Energy Research (ICAER 2022), providing coverage encompassing advanced conventional energy technology, renewable and non-conventional energy technology, electric mobility, energy storage, energy, environment and society, industry innovations in energy, sector-coupled energy system, and energy education. The contents of this book are of use to researchers from not only scientific background, but also economics and anthropology. It encourages researchers to conduct research on the ways to assess and analyse the acceptance of the novel energy forms among the mass population from a financial and social perspective.
Generation of electricity from renewable sources has become a necessity, particularly due to environmental concerns. In order for renewable sources to provide reliable power, their sporadic availability under certain conditions and the lack of control over the resource must be addressed. Different renewable energy sources and storage technologies bring various properties to the table, and power systems must be adapted and constructed to accommodate these. Power electronics and micro-grids play key roles in enabling the use of renewable energy in the evolving smarter grids.
Providing critical insights that will interest readers ranging from economists to environmentalists, policymakers, and politicians, this book analyzes the economics and technology trends involved in the dilemma of decarbonization and addresses why aggressive policy is required in a capitalist political economy to create a sea change away from fossil fuels. The environmental damage across the globe is a result of the success of capitalist industrialism—250 years of carbon pollution resulting from consumption of fossil fuels to drive the economy and the worldwide aspiration to ever-increasing levels of economic development. But capitalism has also produced the tools to solve the problems it has created in the form of a technological revolution in low-carbon renewables, distributed resources, and intelligent systems to integrate supply and demand. This book comprehensively examines the political economy of electricity and analyzes the challenge of transforming today's electricity sector to meet the dual goals of decarbonization and development expressed in the Paris Agreement. Author Mark Cooper defines the dilemma of development and decarbonization as the great challenge facing the electricity industry and documents how the economic resources costs of a 100 percent-renewable portfolio has declined to the point that decarbonization can pay for itself, making the low-carbon renewable technologies that enable desired environmental and public-health benefits an easy sell. He identifies the substantial benefit of increasing use of information, communications, and advanced control technologies; shows how targeted innovation could speed the transition by a decade or two and lower the overall cost of the transition by as much as half; and explains why the flexible, multi-stakeholder approach of the Paris Agreement is the correct approach.