Title :
Optimization of revenues of a distributed generation portfolio: Industrial pilot results
Author :
Geysen, Davy ; Kessels, K. ; Thewis, S. ; Hommelberg, M. ; Tielemans, Yves ; Vinck, K. ; Merket, W.
Author_Institution :
VITO - Energy Technol., Mol, Belgium
Abstract :
Many companies are investing in energy production from renewable energy sources and are looking at ways to optimize their portfolio performance. This pilot aims at maximizing the revenues from such a distributed energy generation portfolio, consisting of gas engines and a photo-voltaic (PV) installation, by actively controlling the available flexibility within a cluster. The gas engines themselves and an on-site water treatment plant (WTP) turned out to be flexible respectively in their electricity production and consumption. This paper presents the preliminary results of the pilot in which smart control was applied to the gas engines. It compares them with the simulation results, which are discussed in a previous paper, as well as with the business as usual (BAU) scenario. Practical issues and their related solutions are discussed. The economic outcomes are also described. The first results from the pilot are in line with the results obtained by the simulations.
Keywords :
distributed power generation; investment; power consumption; power generation economics; renewable energy sources; smart power grids; water treatment; BAU; PV installation; WTP; business as usual; distributed energy generation portfolio; electricity consumption; electricity production; energy production; gas engines; industrial pilot; on-site water treatment plant; photovoltaic installation; portfolio performance optimization; renewable energy sources; revenue optimization; smart control; smart grids; Databases; Electricity; Engines; Human factors; Intelligent control; Portfolios; Production; Smart grids; Virtual Power Plant (VPP); market-based multi-agent control;
Conference_Titel :
Energy Conference and Exhibition (ENERGYCON), 2012 IEEE International
Conference_Location :
Florence
Print_ISBN :
978-1-4673-1453-4
DOI :
10.1109/EnergyCon.2012.6348265