A scheme
to balance risks may help realize the benefits of being able to combine
complementary power technologies, such as thermal generation, wind power and
energy storage. Such benefits include lower capital costs and more responsive
and reliable energy delivery while leveraging renewable energy technologies
Optimizing the operation of a mixed-technology power plant is
vital to make such power generation profitable and reliable. Yet this is far
more complex than for single-technology units due to the simultaneous
fluctuations in generation from variable sources like wind, energy storage
levels, and market electricity prices.
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