Consequently, the concept of micro-grid emerges, which can operate as an independent system or as an energy demand side of public grid. In recent years, for the high energy efficiency, micro-grid has gradually developed into integrated energy system (IES), which can be expressed as a CHP (...
Financial analysis optimizes the dispatch strategy and its optimum size to minimize the LCC of a site. The same process is also conducted in the resilience analysis, but with the additional constraint that the system must fulfill the critical loads during a predefined outage period without the ...
Typically, the goal is to minimize the operational energy cost of the examined system, reduce emissions of environmentally harmful gases, or simultaneously optimize both economic and environmental aspects through “Economic and Environmental Dispatch”. Additionally, when optimizing a system, the convexity...