In recent years, there has been an increase in the use of renewable energy resources, which led to need for large-scale Energy Storage units electric grid. Currently, Compressed Air (CAES) and Pumped Hydro (PHES) are main commercially available storage technologies. However, these technologies restricted geographically can require fossil fuel streams heat air. Thus, is a develop novel that do n...

We estimate the long-run economic value of variable renewable generation with increasing penetration using a unique investment and dispatch model that captures long-run investment decisions while also incorporating detailed operational constraints and hourly time resolution over a full year. High time resolution and the incorporation of operational constraints are important for estimating the e...

The work presented in this paper relates to a small scale district heating network heated by a gas fired CHP. In most common situations, such a CHP is heat driven operated, meaning that the CHP will switch on whenever heat is needed, while not taking into account the demand of electricity at that time. In this paper however, an active control strategy is developed, aiming to maximize the profit...