Powering the bottom line

Apr 09 2018

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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