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Rapidly increasing the proportion of installed wind power capacity with zero carbon emission characteristics will help adjust the energy structure and support the realization of carbon neutrality targets. The intermittency of wind resources and fluctuations in electricity demand has exacerbated the contradiction between power supply and demand. The time-of-use pricing and supply-side allocation of energy storage power stations will help “peak shaving and valley filling” and reduce the gap between power supply and demand. To this end, this paper constructs a decision-making model for the capacity investment of energy storage power stations under time-of-use pricing, which is intended to provide a reference for scientific decision-making on electricity prices and energy storage power station capacity.

Based on the research framework of time-of-use pricing, this paper constructs a profit-maximizing electricity price and capacity investment decision model of energy storage power station for flat pricing and time-of-use pricing respectively. In the process, this study considers the dual uncertain scenarios of intermittency of wind resources and random fluctuations in power demand.

(1) Investment in energy storage power stations is the optimal decision. Time-of-use pricing will reduce the optimal capacity of the energy storage power station. (2) The optimal capacity of the energy storage power station and optimal electricity price are related to factors such as the intermittency of wind resources, the unit investment cost, the price sensitivities of the demand, the proportion of time-of-use pricing and the thermal power price. (3) The carbon emission level is affected by the intermittency of wind resources, price sensitivities of the demand and the proportion of time-of-use pricing. Incentive policies can always reduce carbon emission levels.

This paper creatively introduced the research framework of time-of-use pricing into the capacity decision-making of energy storage power stations, and considering the influence of wind power intermittentness and power demand fluctuations, constructed the capacity investment decision model of energy storage power stations under different pricing methods, and compared the impact of pricing methods on optimal energy storage power station capacity and carbon emissions.

1. Electricity pricing and capacity of energy storage power stations in an uncertain electricity market.

2. Investment strategy of energy storage power stations on the supply side of wind power generators.

3. Impact of pricing method on the investment decisions of energy storage power stations.

4. Impact of pricing method, energy storage investment and incentive policies on carbon emissions.

5. A two-stage wind power supply chain including energy storage power stations.

Electricity pricing and capacity of energy storage power stations in an uncertain electricity market.

Investment strategy of energy storage power stations on the supply side of wind power generators.

Impact of pricing method on the investment decisions of energy storage power stations.

Impact of pricing method, energy storage investment and incentive policies on carbon emissions.

A two-stage wind power supply chain including energy storage power stations.

Sustainable development calls for a larger share of intermittent renewable energy. To mitigate this intermittency, Compressed Air Energy Storage (CAES) technology was introduced. This technology can be made more sustainable by recovering the heat of the compression phase and reusing it during the discharge phase, resulting in an adiabatic CAES without the need for burning of fossil fuels. The key process parameters of CAES are temperature, pressure ratios, and the mass flow rates of air and thermal fluids. The variation in these parameters during the charge and discharge phases significantly influences the performance of CAES plants. In this chapter, the transient thermodynamic behavior of the system under various operating conditions is analyzed and the impact of heat recovery on the discharge phase energy efficiency, power generation, and CO₂ emissions is studied. Simulations are carried out over the air pressure range from 2,500 to 7,000 kPa for a 65 MW system over a five-hour discharge duration. It is also assumed that the heat loss in the air storage and the hot thermal fluid tank is insignificant and standby duration does not impact the status of the system. This result shows that the system exergy and the generated power are more sensitive to pressure change at higher pressures. This work also reveals that every 10°C increase on the temperature of the stored air can lead to a 0.83% improvement in the energy efficiency. The result of the transient thermodynamic model is used to estimate the reduction in CO₂ emissions in CAES systems. According to the obtained result, a 65 MW ACAES plant can reduce about 17,794 tons of CO₂ emission per year compared to a traditional CAES system with the same capacity.

Open data are characterized by a number of economic, environmental, technological, innovative, and social benefits. They are seen as a significant contributor to the city’s transformation into smart city. This is all the more so when the society is on the border of Society 5.0, that is, shift from the information society to a super smart society or society of imagination takes place. However, the question constantly asked by open data experts is, what are the key factors to be met and satisfied in order to achieve promised benefits? The current trend of openness suggests that the principle of openness should be followed not only by data but also research, education, software, standard, hardware, etc., it should become a philosophy to be followed at different levels, in different domains. This should ensure greater transparency, eliminating inequalities, promoting, and achieving sustainable development goals (SDGs). Therefore, many agendas (sustainable development strategies, action plans) now have openness as a prerequisite. This chapter deals with concepts of open (government) data and Society 5.0 pointing to their common objectives, providing some success stories of open data use in smart cities or transformation of cities toward smart cities, mapping them to the features of the Society 5.0. We believe that this trend develops a new form of society, which we refer to as “open data-driven society.” It forms a bridge from Society 4.0 to Society 5.0. This chapter attempts to identify the role of openness in promoting human-centric smart society, smart city, and smart living.

This research paper aims to investigate the change detection filter technique with a decision tree-based event (fault type) classifier for recognizing and categorizing power system disturbances on the high-voltage DC (HVDC) transmission link.

A change detection filter is used to the average and differential current components, which detects the point of fault initiation and records a change detection point (CDP). The half-cycle differential and average currents on both sides of the CDP are sent through the signal processing unit, which produces the respective target. The extracted target indices are sent through a decision tree-based fault classifier mechanism for fault classification.

In comparison with conventional differential current protection systems, the developed framework is faster in fault detection and classification and provides great accuracy. The new technology allows for prompt identification of the fault category, allowing electrical grids to be restored as quickly as possible to minimize economic losses. This novel technology enhances efficiency in terms of reducing computing complexity.

Setting a threshold value for identification is one of the limitations. To bring the designed system into stability condition before creating faults on it is another limitation. Reducing the computational burden is one of the limitations.

Creating a practical system in laboratory is difficult as it is a HVDC transmission line. Apart from that, installing rectifier and converter section for HVDC transmission line is difficult in a laboratory setting.

The suggested scheme’s importance and accuracy have been rigorously validated for the standard HVDC transmission system, subjected to various types of DC fault, and the results show the proposed algorithm would be a feasible alternative to real-time applications.

Electric spring (ES) is a demand response method that can stabilize the voltage of critical loads and improve power quality, especially in a weak power grid with a high proportion of renewable energy sources. Most of existing ESs are implemented by voltage-source inverter (VSI), which has some shortcomings. For example, the DC-link capacitor limits the service life of ES, and the battery is costly and hard to recycle. Besides, conventional VSI cannot boost the voltage, which limits the application of ES in high-voltage occasions. This study aims to propose a novel scheme of ES to solve the above problems.

In this work, an ES topology based on current-source inverter (CSI) without a battery is presented, and a direct current control strategy is proposed. The operating principles, voltage regulation range and parameter design of the proposed ES are discussed in detail.

The proposed ES is applicable to various voltage levels, and the harmonics are effectively suppressed, which have been validated via the experimental results in both ideal and distorted grid conditions.

An ES topology based on battery-less CSI is proposed for the first time, which reduces the cost and prolongs the service time of ES. A novel control strategy is proposed to realize the functions of voltage regulation and harmonic suppression.

This study is a targeted review of some of the major changes in European regulation that guided energy policy decisions in the Iberian Peninsula and how they may have aggravated the problem of lack of flexibility. This study aims to assess some of the proposed short-term solutions to address this issue considering the underlying root causes and suggests a different course of action, that in turn, could help alleviate future market strains.

The evolution of the most important (macro) energy and price-related variables in both Portugal and Spain is assessed using market and grid operator data. In addition, the authors present critical viewpoints on some of the most recent EU and national regulation changes (official document analysis).

The Iberian energy policy and regulatory agenda has successfully promoted a rapid adoption of renewables (main goal), although with insufficient diversification of generation technologies. The compulsory closings of thermal plants and an increased tax (mainly carbon) added pressure toward more environmentally friendly thermal power plants. However, inevitably, this curbed the bidding price competitiveness of these producers in an already challenging market framework. Moving forward, decisions must be based on “a bigger picture” that does not neglect system flexibility and security of supply and understands the specificities of the Iberian market and its generation portfolio.

This work provides an original account of unprecedented spikes in energy prices in 2021, specifically in the Iberian electricity market. This acute situation worries consumers, industry and governments. Underlining the instability of the market prices, for the first time, this study discusses how some of the most important regulatory changes, and their perception and absorption by involved parties, contributed to the current environment. In addition, this study stresses that if flexibility is overlooked, the overall purpose of having an affordable and reliable system is at risk.