THE ECONOMICS OF MICROGRIDS An incisive and practical exploration of the engineering economics of microgrids In The Economics of Microgrids, a pair of distinguished researchers delivers an expert discussion of the microeconomic perspectives on microgrids in the context of low-carbon, sustainable energy delivery. In the book, readers will explore an engineering economics framework on the investment decisions and capital expenditure analyses required for an assessment of microgrid projects. The authors also examine economic concepts and models for minimizing microgrid operation costs, including the cost of local generation resources and energy purchases from main grids to supply local loads. The book presents economic models for the expansion of microgrids under load and market price uncertainties, as well as discussions of the economics of resilience in microgrids for optimal operation during outages and power disturbances. Readers will also find: A thorough introduction to the engineering and economics of microgrids Comprehensive explorations of microgrid planning under uncertainty Practical discussions of microgrid expansion planning, operations management, and renewable energy integration Fulsome treatments of asset management and resilience economics in microgrids Perfect for senior undergraduate and graduate students as well as researchers studying power system design, The Economics of Microgrids will also benefit professionals working in the power system industry and government regulators and policymakers with an interest in microgrid technologies and infrastructure.
Power-to-Gas: Bridging the Electricity and Gas Networks introduces the concept of Power-to-Gas (P2G) technologies in the Whole Energy System framework and related Vector-Coupling Technologies (VCTs). The boo provides a comprehensive approach to the economic, technical and environmental evaluation of P2G technology to make more effective use of the surplus power of renewable units. It covers converting electricity to hydrogen or methane, and the challenges, analytical solutions and future trends of P2G applications. Moreover, the reference features technology overviews and literature reviews in each chapter, along with concepts, appropriate definitions, fundamentals and contexts in the energy systems. Finally, modeling issues and requirements for analysis Gas and Power Vector-Coupling Technologies are presented and supported by real-world case studies and experimental examples. By uniquely analyzing issues from the whole energy system perspective, this book plays a pivotal role in supporting researchers and academicians in electrical, mechanical and energy engineering in their long-term decarbonization strategies. Includes a reliability assessment of cyber-physical power applications Presents practical methods, along with evidence from applications to real-world and simulated coupled energy systems Provides sample computer codes/pseudocodes and analytical examples for the presented methods
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