Existing energy management functions for distribution systems are computational-intensive and increasingly complex with every new component added into the system. This project, which is a collaboration between the Nanyang Technological University (NTU) and its industry partner DNV GL, aims at developing a light-weight, scalable hierarchical transactive energy management system that balances three sets of inputs: Supply (e.g. solar intermittency), demand-side (e.g. variable loads) and market price fluctuations. It includes an advanced Model Predictive Control (MPC)-based controller for coordinating multiple controllable loads and intermittent energy sources and an assessment tool to facilitate participation of loads in demand response market.
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The proposed hierarchical transactive energy management system will improve coordination and control of intermittent distributed energy resources, and end-user energy efficiency. Such a responsive system will be piloted at the NTU campus. If successful, it could be plugged into current market applications (e.g. demand response and interruptible load bidding).
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