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Abstract Energy storage systems (ESS) are widely used in active distribution networks (ADN) to smoothen the drastic fluctuation of renewable energy sources (RES). In order to enhance the scalability and flexibility of ESS, a virtual energy storage system (VESS), which is composed of battery energy storage system (BESS), RES as well as flexible loads (FL), is developed in this paper to realize the functionalities of ESS in more cost-effective way in ADN. Aiming at achieving voltage regulation, dynamic pricing strategies based on system voltage condition are designed for VESS. A distributed real-time power management model containing dynamic pricing strategies is proposed to accomplish the voltage regulation and economic power sharing in VESS. Moreover, a set of distributed algorithms, over time-varying unbalanced directed networks, are designed for dynamic pricing strategies and optimal power management model. Furthermore, the convergence property, optimality and system voltage stability are explained by detailed mathematical analysis. Three various case studies which were ran on a real time digital simulator (OPAL-RT OP5600) were designed to validate the effectiveness of the strategy. Finally, simulation results show that the economic power dispatch and voltage regulation are achieved among VESS simultaneously, even in the presence of time-varying directed and unbalanced communication networks.

Abstract This study investigates the macroeconomic effects of adverse oil price shocks on a small oil-exporting economy — the Azerbaijan economy. We estimate a recursive (near) VAR model by using monthly macroeconomic data from 2006 to 2018. The results indicate the Azerbaijan economy is adversely influenced by an oil price decline. Specifically, we find that a negative oil price shock deteriorates trade balance, causes a currency depreciation, increases inflation and falls economic activity. Furthermore, our findings imply that the oil price-led devaluation shapes the inflationary and recessionary consequences of this shock.

Abstract To achieve the EU climate and energy objectives, a transition towards a future sustainable energy system is needed. The integration of the huge potential for industrial waste heat recovery into smart energy system represents a main opportunity to accomplish these goals. To successfully implement this strategy, all the several stakeholders' conflicting objectives should be considered. In this paper an evolutionary multi-objective optimization model is developed to perform a sustainability evaluation of an energy system involving an industrial facility as the waste heat source and the neighbourhood as district heating network end users. An Italian case study of heat recovery from a steel casting facility shows how the model allows to properly select the district heating network set of users to fully exploit the available waste energy. Design directions such as the thermal energy storage capacity can be also provided. Moreover, the model enables the analysis of the trade-off between the stakeholders’ different perspectives, allowing to identify possible win-win solutions for both the industrial sector and the citizenship.

Abstract In this study, we develop indices for the overall technical efficiency (OTE) and energy-saving target ratio (ESTR) using data envelopment analysis (DEA) to calculate the relative efficiency and energy-saving potential of 30 provinces in China from 1997 to 2014. The results are as follows: (1) the OTE of China is 79.187%, indicating that there is 20.813% potential for improvement. The OTE exhibits decreasing efficiency values from the coastal areas to the inland areas and has clear geographical relationships. The average values of OTE in the east, midland and west are 0.932, 0.694 and 0.703. Theoretically, the total energy savings of CE, HE, ME and BE are 11080.60PJ, 5124.71PJ, 4729.24PJ and 6797.39PJ. (2) Regarding CE, HE, ME and BE, the provinces with the highest comprehensive ranks are Henan, Shanxi, Shaanxi, and Gansu, which simultaneously have the greatest energy-saving potentials and energy-saving targets. (3) The HE has the largest average ESTR of 38.357% and the values for BE, CE, and ME are 25.759%, 23.874%, and 22.143%, respectively. The CE category is the greatest in total energy savings (40.171%), which is followed by BE (24.150%), HE (18.384%), and ME (17.293%).

Abstract This paper describes an assessment of linear Fresnel lens concentrator technology for use in thermal applications. System performance and cost data for a Fresnel lens concentrator were developed and compared with data for a parabolic trough system. Two thermal applications of these technologies were chosen for the comparison. The first is a water preheat application where energy is transferred from an antifreeze, collector field working fluid to preheat 60 °C water through a heat exchanger. The other application is the generation of saturated steam at 177 °C. Annual performance predictions were generated using a simulation code that includes the effects of both thermal capacitance and heat losses from all piping and system components. Performance was simulated at three different geographic locations. Costs for the collectors were based on documented estimates. Overall costs included all major equipment, site development, and installation. The performance and cost data were combined to arrive at a levelized cost of energy. Based on the performance predictions developed here and on the current documented costs, results indicate that the Fresnel lens systems have a levelized energy cost about one-third less than the parabolic trough systems. This is primarily due to less expensive concentrators.

Abstract Commercial potential in developing countries has always received a great attention from international investors, but this is not the case in Waste-to-Energy sector. Waste-to-Energy is bound up with various uncertainties rooted in its long-term nature therefore incorporating risks regarding political matters in developing countries makes it more complex. The present study substantiates the incompatibility of classic valuation methods in risky projects. Consequently, to deal with the riskiness of Waste-to-Energy investment in less developed countries, the combination of binomial tree analysis and Decoupled NPV is proposed. The hybrid approach is deployed to value a Waste-to-Energy project in Iran, and all evidence attest to the robustness of the method. The contribution of this paper can open up new vistas for investing in Waste-to-Energy industry, thus abating the catastrophic effects of landfill gas emissions.

Cogeneration plants, which simultaneously produce electricity and heat energy, have been introduced increasingly for commercial and domestic applications in Korea because of their energy efficiency. The optimal plant configuration of a specific commercial building can be determined by selecting the sizes and the number of cogeneration systems and the auxiliary equipment based on the annual demands of electricity, heating and cooling. In this study, a mixed-integer, linear programming, utilizing the branch and bound algorithm was used to obtain the optimal solution. Both the optimal configuration system equipment and the optimal operational mode were determined based on the annual cost method for the installation of a cogeneration system to a hospital and a group of apartments in Seoul, Korea. In addition, the economic evaluation for the optimal cogeneration system depending on the fuel tariff system was calculated. A short payback period and higher internal rate of return on the initial investment were found to be essential for the adoption of cogeneration plants to hospitals and apartments.

Abstract In view of the current energy demand for miniaturized equipment in extreme environmental fields, such as in deep space exploration. A new fan-shaped radioisotope thermoelectric generator is innovatively presented and designed. Thin-film thermoelectric materials used for miniaturized radioisotope thermoelectric generators are first prepared by electrochemical methods. The prepared fan-shaped radioisotope thermoelectric generator has a volume of 5.75 cm3 and consists of 8 thermoelectric modules and 32 thermoelectric legs. The study finds that when a 1.5 W heat source is loaded, the temperature difference of the device is 54.8 K, the output voltage and the maximum output power is 174.88 mV and 333.20 nW, respectively. On this basis, the number and size of the modules are optimized by the finite element method. When the thermoelectric leg size is optimized to 9 × 2 mm2 and the number of modules is 8, the maximum output power can be up to 369.02 nW. The corresponding experimental verification work is further developed and discussed. This work provides a novel solution for the energy supply problem of small-volume devices in extreme space environments.

Abstract The residential sector accounts for most of energy-consumption in developing countries in the form of traditional energy. The use of commercial energy is nominal and confined mostly to urban areas where fuelwood is already monetized. A model, based on an end-use/process analysis approach, is developed on a spreadsheet, which is capable of simulating scenarios to address issues of increasing traditional energy-demand caused by population growth, sustainable supply capacity of the existing energy resources, potential for development of new and renewable energy resources, technology. This paper is divided into two parts: general energy issues and the modelling approach, and the application of this approach to Nepal in the context of fuelwood-supply sustainability.