Emerging Transactive Energy Technology for Future Modern Energy Networks

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Emerging Transactive Energy Technology for the Future Modern Energy Networks looks at the importance of transactive energy technology in modern multi-carrier energy networks, exploring modeling and optimization and analyzing the necessity of transactive energy technology for future modern energy networks. Along with energy technology, the book covers applications of transactive energy technology, strategies in optimal operation of the hybrid energy networks, reliable and sustainable development of the modern energy networks, and design, integration and operation of a full level of renewable energy resources.

This reference is intended for energy, power, mechanical and environmental engineers, researchers and postgraduate students who work in various types of energy systems.

Author(s): Mohammadreza Daneshvar, Behnam Mohammadi-Ivatloo, Kazem Zare
Publisher: Academic Press
Year: 2022

Language: English
Pages: 193
City: London

Front cover
Half title
Title
Copyright
Contents
Preface
Chapter 1 Overview of the grid modernization
1.1 Introduction
1.2 Decentralized energy production
1.2.1 Dispersed energy generation
1.3 The trend for 100 percent RERs
1.4 Modern energy grids
1.4.1 Definition
1.4.2 Objectives
1.4.3 Principles
1.4.4 Opportunities and challenges
1.5 Summary
1.6 Questions
1.7 Suggestions
1.8 Future trends
References
Chapter 2 Analysis of basic requirements for switching from current energy grids to future modern multi-carrier energy networks
2.1 Introduction
2.2 Residential developments
2.3 Industry revolution
2.4 Network expansion
2.4.1 Multi-carrier energy networks
2.5 Summary
2.6 Questions
2.7 Suggestions
2.8 Future trends
References
Chapter 3 Energy trading solution: The capable leverage for a renewable-dominant future
3.1 Introduction
3.2 Energy trading models in recent studies
3.2.1 Operation studies
3.2.2 Planning studies
3.3 Renewable-dominant future energy networks
3.4 Energy trading mechanisms
3.4.1 Real-time energy trading mechanism
3.4.2 Peer-to-peer energy trading mechanism
3.4.3 Blockchain-based energy trading mechanism
3.4.4 Edge computing-based energy trading mechanism
3.4.5 Game theoretic-based energy trading mechanism
3.5 Summary
3.6 Questions
3.7 Suggestions
3.8 Future trends
References
Chapter 4 The role of peer-to-peer energy trading strategy in future modern energy networks
4.1 Introduction
4.2 Peer-to-Peer energy trading applications
4.3 Peer-to-Peer energy trading market
4.4 Peer-to-Peer energy attributes
4.4.1 P2P strengths
4.4.2 P2P weaknesses
4.4.3 P2P opportunities
4.4.4 P2P threats
4.5 Summary
4.6 Questions
4.7 Suggestions
4.8 Future trends
References
Chapter 5 Modernized P2P energy trading market model and platform for net-zero carbon energy networks
5.1 Introduction
5.2 Peer-to-Peer energy trading model
5.3 Peer-to-Peer energy trading platform
5.4 Summary
5.5 Questions
5.6 Suggestions
5.7 Future trends
References
Chapter 6 New emerging transactive energy technology in modernizing future hybrid energy networks
6.1 Introduction
6.2 TE definition
6.3 TE framework
6.4 TE principles
6.5 TE strategies
6.6 TE role in grid modernization
6.7 Summary
6.8 Questions
6.9 Suggestions
6.10 Future trends
References
Chapter 7 Applications of transactive energy technology in the multi-carrier energy network modernization
7.1 Introduction
7.2 TE application in the operation of energy networks
7.3 TE application in consumer-side
7.4 TE application in energy trading strategies
7.5 TE application in multi-energy systems
7.6 Real-world implementations of TE systems
7.7 Summary
7.8 Questions
7.9 Suggestions
7.10 Future trends
References
Chapter 8 Optimizing and modeling the transactive energy technology in modern multi-carrier energy networks
8.1 Introduction
8.2 Problem formulation
8.3 Transactive energy model
8.4 Simulation results
8.5 Summary
8.6 Questions
8.7 Suggestions
8.8 Future trends
References
Chapter 9 A case study in the hybrid energy network with 100 percent renewable energy resources and future directions
9.1 Introduction
9.2 Problem formulation
9.3 Simulation results
9.4 Summary
9.5 Questions
9.6 Suggestions
9.7 Future trends
References
Chapter 10 An application of GAMS in simulating hybrid energy networks optimization problems
10.1 Introduction
10.2 What is GAMS?
10.3 Features of GAMS
10.4 How can I install GAMS on my PC?
10.5 Some important points before working with GAMS
10.6 Terms, symbols, and reserved words in GAMS
10.7 Common mathematical functions in GAMS
10.7.1 Abs
10.7.2 Exp
10.7.3 Log, log10
10.7.4 Max, Min
10.7.5 Prod
10.7.6 Round
10.7.7 Smax, Smin
10.7.8 Sqr
10.7.9 Sqrt
10.7.10 Sum
10.7.11 Other mathematical functions in GAMS
10.8 GAMS commands
10.8.1 Set
10.8.2 Data
10.8.3 Variable
10.8.4 Eq
10.8.5 Model
10.8.6 Solve and display
10.9 Some special orders in GAMS
10.9.1 Loop statement
10.9.2 If-Elseif-Else statement
10.9.3 While statement
10.9.4 For statement
10.9.5 Repeat statement
10.9.6 ORD operator
10.9.7 CARD operator
10.10 Summary
10.11 Questions
10.12 Suggestions
10.13 Future trends
References
Index
Back cover