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Apply Mathematical Optimization and make Energy Storage reduce the peak load of any electricity grid. A Real World Case.

What you will learn

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We build an Optimization Model that uses Energy Storage to reduce the peak demand as much as possible

We conduct an extensive sensitivity analysis. We run more than 100 cases and observe the Storage Operation in detail.

You can download all the code and all the data and slides used in the study

Energy Storage can be a career path. Simply search on google and find how important this technology is for the energy sector!

The code is updated regularly. Come back here every 6 months and download the updated code/ slides and watch the updated videos!

Description

Why you should buy this course:

Because Electricity Grids suffer from high demand periods and so far the only solution has been to make very expensive investments to upgrade the grids.

You will learn how this problem is addressed through a Real-World complete study!ย We conduct excessive sensitivity analysis, write software and go through all necessary theoretical background.

What is the main idea of the course:

Peak demand refers to periods when the demand for electricity is at its highest.
Very high electricity demand is a big challenge because it puts much stress on electricity grids.

Energy storage is a new and promising technology that can offer a solution to this challenge.

Specifically, an Energy Storage unit is deployed close to the consumers that exhibit the peak demand.
Then, this unit is operated by the electricity grid operator according to Software.
This Software runs an optimization model.
This optimization model ensures that the Energy Storage unit will reduce the Peak Demand by storing excess electricity during low-demand periods and releasing it during peak times.

We write the software, analyse it, run it, and then conduct an excessive sensitivity analysis.


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Employment prospects:

You can start your own company in the field of Energyย Storage, or
work for a company related to Energy Storage.

You can google search and see how strong the career prospects in this area are.

Instructor support:

Contact the Instructor via Whatsapp, LinkedIn, e-mail, Private Messages here on Udemy, or Live Chat.ย All these capabilities are available on the website www energy-complete com (remove the white spaces and place dots).

Prerequisites:

No prerequisites because we learn everything needed and gradually build the entire case.

The Instructor is an Independent Researcher with:
— a PhD in Optimization & Data Science applied to Energy, from Imperial College London.
— an MEng in Energy Economics.
— More than 10 years of Academic and Industry Research experience in Energy
— Extensive experience supervising students in real-life (academia) and online.
— CEO of Energy-Complete which shows how to apply Machine Learning, Optimization, Finance, and Economics in Energy. Visit www energy-complete com (remove the white spaces and place dots).

English
language

Content

Introduction

How you can use this knowledge
Why this course?
A methodology for Energy Storage
Preparing the Case Studies

Storage and Demand

The derivation of the electricity load profiles
Deriving the flat load profiles
How Energy Storage secures the electricity supply
Key facts about the methodology

The Optimization Model

Optimization Model: Objective Function
Optimization Model: Constraints
Describing the Case Study
Navigating the load profiles

Coding and using the Modelling Language

Modelling constraints 1 & 2
Modelling constraints 3 & 4
Modelling the rest of the constraints
Flow of the Optimization model
Our First Run of the Model

Solving and Interpreting the results

Results for an 100% efficient Storage
Solving many case studies
Energy Storage plots and peak reduction
Solving with Storage efficiency of 60%
Solving the case with imbalanced SOC assumption
Solving without considering storage cost in the formulation

Sensitivity Studies for Energy Storage

Effect of Energy Storage Power Capability on its ability to secure the supply
Effect of Energy Storage Duration on its ability to secure electricity supply
Effect of Load Peakiness on its ability to secure the supply of electricity
Effect of the length of the time horizon on its ability to secure the supply
Effect of the Energy Storage efficiency on its ability to secure the supply
Effect of the Energy Storage State of Charge on its ability to secure the supply

Advanced Topics and Sensitivity Studies

What happens when connecting many Storage units to the same busbar
Analysis on Policy and Regulation for Energy Storage
How to generate a load profile that is flatter than an existing one
Designing the cases for shorter and longer duration of the peak demand
Solving 70 case studies and interpreting the behaviour of Storage
Effect of the degradation of Energy Storage on its ability to secure the supply

Bonus

Extras