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Effects of environmental, economic, social, political and technical factors have led to the rapid deployment of various sources of renewable energy-based power generation. The incorporation of these generation technologies have led to the development of a broad array of new methods and tools to integrate this new form of generation into the power system network. This book, arranged into six sections, highlights various renewable energy based generation technologies, and consists a series of papers written by experts in their respective fields of specialization.The Handbook of Renewable Energy Technology will be of great practical benefit to professionals, scientists and researchers in the relevant industries, and will be of interest to those of the general public wanting to know more about renewable energy technologies.
This volume focuses on a few renewable energy sources, viz. wind energy plus energy from water movement and natural temperature differences that in principle could provide enormous energy resources. Energy from wind has been a rapidly growing source of energy as wind turbines have grown in size and especially as wind turbines have moved offshore. Hydroelectric dams have continued to be used as energy sources particularly in developing countries. Other energy sources using water, including waves and tidal sources, are also discussed in this volume. Finally, the volume discusses differences between deep and surface ocean temperatures plus the extraction of energy from the earth's extremely large energy resource of magma deep below the surface. These latter two energy resources in particular require further development and the current book describes the latest advances coupled with pointing possible paths forward.
Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.
Experts and key personnel straddling academia and related agencies and industries provide critical data for further exploration and research.
"The World Scientific Handbook of Futures Markets serves as a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics."--$cProvided by publisher.
The subject of energy storage is extremely important for the increased utilization of renewable energies such as solar and wind energy in times when their sources (e.g. the sun and wind) are unavailable. The ability to store energy can also level out the demand curve for electricity and thus lead to a decrease in the peak requirements of energy production. A storage system for ground transportation is also important as a potential replacement for fossil fuel powered transportation. Energy Storage offers a comprehensive look at the possible approaches to energy storage, which are relevant to various situations; from smoothing demand in electrical energy production, applications of energy storage, to transportation. The book covers a variety of approaches to the storage of energy. Beginning with a discussion of the critical importance of energy storage, the book discusses various possible storage options including hydro storage, compressed air energy storage, and electrical and chemical storage in batteries, capacitors and fuel cells. There is also a chapter on the mechanical storage of energy with flywheels using advanced materials. The various applications to power production and transportation are also included. The expertise and active involvement of the authors of the various chapters ensures that the information is reliable, current, and forward looking.
Worldwide, the effects of global warming, pollution due to power generation from fossil fuels, and its depletion have led to the rapid deployment of renewable energy-based power generation. The leading renewable technologies are wind and photovoltaic (PV) systems. The incorporation of this generation of technologies has led to the development of a broad array of new methods and tools to integrate renewable generation into power system networks.The Handbook of Renewable Energy Technology & Systems comprises 22 chapters, arranged into four sections, which present a comprehensive analysis of various renewable energy-based distributed generation (DG) technologies. Aspects of renewable energy covered include wind and photovoltaic power systems and technology, micro-grids, power electronic applications, power quality, and the protection of renewable distributed generation.
Storing Energy: With Special Reference to Renewable Energy Sources, Second Edition has been fully revised and substantially extended to provide up-to-date and essential discussion that will support the needs of the world's future energy and climate change policies. New sections cover thermal energy storage, tidal storage, sustainability issues in relation to storing energy and impacts on global energy markets. Various systems are discussed, including mechanical/kinetic, thermal, electrochemical and other chemical, as well as other emerging technologies. Incorporating advancements described in the book will help the people of the world further overcome the problems related to future energy and climate change. - Covers all types of energy storage systems, allowing and encouraging comparisons to be made - Written by world experts in the field to provide the latest developments in this fast moving and vital technology - Covers the technical, environmental, social and political aspects related to the storing of energy, and in particular, renewable energy
As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics. Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the markets within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed. The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Making local energy futures, from marine energy to hydrogen fuel, at the edge of the world. The islands of Orkney, off the northern coast of Scotland, are closer to the Arctic Circle than to London. Surrounded by fierce seas and shrouded by clouds and mist, the islands seem to mark the edge of the known world. And yet they are a center for energy technology innovation, from marine energy to hydrogen fuel networks, attracting the interest of venture capitalists and local communities. In this book, Laura Watts tells a story of making energy futures at the edge of the world. Orkney, Watts tells us, has been making technology for six thousand years, from arrowheads and stone circles to wave and tide energy prototypes. Artifacts and traces of all the ages—Stone, Bronze, Iron, Viking, Silicon—are visible everywhere. The islanders turned to energy innovation when forced to contend with an energy infrastructure they had outgrown. Today, Orkney is home to the European Marine Energy Centre, established in 2003. There are about forty open-sea marine energy test facilities in the world, many of which draw on Orkney expertise. The islands generate more renewable energy than they use, are growing hydrogen fuel and electric car networks, and have hundreds of locally owned micro wind turbines and a decade-old smart grid. Mixing storytelling and ethnography, empiricism and lyricism, Watts tells an Orkney energy saga—an account of how the islands are creating their own low-carbon future in the face of the seemingly impossible. The Orkney Islands, Watts shows, are playing a long game, making energy futures for another six thousand years.