Wednesday, May 8, 2019 - 3:00pm to 3:30pm
Event Calendar Category
LIDS & Stats Tea
Espen Flo Boedal
Norwegian University of Science and Technology
Building and Room Number
Flexible resources such as batteries and demand-side management technologies are needed to handle future large shares of variable renewable power. Wind and solar power introduce more short-term uncertainty that have to be considered when making investment decisions as it significantly impacts the value of flexible resources.
In this work we present a method for using duals from a rolling horizon operational model, with wind power uncertainty and market representations, to represent power system operation in an investment problem. The method is based on benders decomposition and special considerations are made due to the nature of the rolling horizon operational framework.
Espen Flo Bødal is a PhD student from the Norwegian University of Science and Technology (NTNU) in Trondheim, Norway. He has a master degree in Electric Power Engineering and are currently starting his third year of the PhD on the topic of ”Large-Scale Hydrogen Production for Wind and Hydro Power in Constrained Transmission Grids”. From September 2018 to May 2019 he is a visiting at LIDS with Audun Botterud.