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In many industrial countries, road transportation accounts for a significant portion of the country’s energy consumption. In developing countries, the use of energy for transportation is on the rise. The recent increase in petroleum prices, expanding world economic prosperity, the probable peaking of conventional petroleum production in the coming decades, and concerns about global climate changes require efforts to increase the efficiency of the use of, and develop alternatives for, petroleum-based fuels used in road transportation. The energy efficiency of a vehicle could be improved in several ways: lightweighting the vehicle structure and powertrain using advanced materials and designs, improving the efficiency...
This paper discusses risk management, contracting, and bidding for a wind power producer. A majority of the wind power in the United States is sold on long-term power purchase agreements, which hedge the wind power producer against future price risks. However, a significant amount is sold as merchant power and therefore is exposed to fluctuations in future electricity prices (day-ahead and real-time) and potential imbalance penalties. Wind power forecasting can serve as a tool to increase the profit and reduce the risk from participating in the wholesale electricity market. We propose a methodology to derive optimal day-ahead bids for a wind power producer under uncertainty in realized wind power and market prices....
This study deals with modeling and analyzing the performance of greenhouses from the power plant through the heating system to the greenhouse envelope using exergy analysis method, the so-called low exergy or LowEx approach, which has been and still being successfully used in sustainable buildings design, for the first time to the best of the author’s knowledge. For the heating applications, three options are studied with (i) a solar assisted vertical ground-source heat pump greenhouse heating system, (ii) a wood biomass boiler, and (iii) a natural gas boiler, which are driven by renewable and non-renewable energy sources. In this regard, two various greenhouses, the so-called small greenhouse and large greenhouse,...
Some forms of renewable energy have long contributed to electricity generation, whereas others are just emerging. For example, large-scale hydropower is a mature technology generating about 16% of global electricity, and many smaller scale systems are also being installed worldwide. Future opportunities to improve the technology are limited but include upgrading of existing plants to gain greater performance efficiencies and reduced maintenance. Geothermal energy, widely used for power generation and direct heat applications, is also mature, but new technologies could improve plant designs, extend their lifetimes, and improve reliability. By contrast, ocean energy is an emerging renewable energy technology. Design,...
This paper discusses risk management, contracting, and bidding for a wind power producer. A majority of the wind power in the United States is sold on long-term power purchase agreements, which hedge the wind power producer against future price risks. However, a significant amount is sold as merchant power and therefore is exposed to fluctuations in future electricity prices (day-ahead and real-time) and potential imbalance penalties. Wind power forecasting can serve as a tool to increase the profit and reduce the risk from participating in the wholesale electricity market. We propose a methodology to derive optimal day-ahead bids for a wind power producer under uncertainty in realized wind power and market prices....