Design Flexibility for Uncertain Distributed Generation from Photovoltaics

Bryan Palmintier; Dheepak Krishnamurthy; Hongyu Wu

doi:10.1109/ISGT.2016.7781196

Design Flexibility for Uncertain Distributed Generation from Photovoltaics

Bryan Palmintier, Dheepak Krishnamurthy, Hongyu Wu

Research output: Contribution to conference › Paper › peer-review

6 Scopus Citations

Abstract

Uncertainty in the future adoption patterns for distributed energy resources (DERs) introduces a challenge for electric distribution system planning. This paper explores the potential for flexibility in design - also known as real options - to identify design solutions that may never emerge when future DER patterns are treated as deterministic. A test case for storage system design with uncertain distributed generation for solar photovoltaics (DGPV) demonstrates this approach and is used to study sensitivities to a range of techno-economic assumptions.

Original language	American English
Number of pages	5
DOIs	https://doi.org/10.1109/ISGT.2016.7781196 https://doi.org/10.1109/ISGT.2016.7781196
State	Published - 9 Dec 2016
Event	2016 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2016 - Minneapolis, United States Duration: 6 Sep 2016 → 9 Sep 2016

Conference

Conference	2016 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2016
Country/Territory	United States
City	Minneapolis
Period	6/09/16 → 9/09/16

Bibliographical note

Publisher Copyright:
© 2016 IEEE.

NREL Publication Number

NREL/CP-5D00-66762

Keywords

Distribution System Planning
Dynamic Programming
Flexibility in Design
Real Options

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Cite this

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AU - Wu, Hongyu

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KW - Dynamic Programming

KW - Flexibility in Design

KW - Real Options

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Y2 - 6 September 2016 through 9 September 2016

ER -

Design Flexibility for Uncertain Distributed Generation from Photovoltaics

Abstract

Conference

Bibliographical note

NREL Publication Number

Keywords

Access to Document

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