Engineering topics

Woodward, James T.

Publications and source records attributed to Woodward, James T..

4 records

DOE OSTI2018

Resilience Metric Formulation Considering Transactive Systems

To help understand the effects of risk and uncertainty on power system operation, particularly during deleterious events, a model for resilience that defines four specific phases of resilience and associated activity was adopted, refined, and contextualized. Given this model, a comparison is made to the well-established field in power systems of reliability and an integrated framework is developed. The role of transactive energy systems in resilience activity is discussed and the strong alignment between properties of transactive energy systems and resilient systems is made. Finally, a scenario-based framework for risk metrics is proposed; the proposed framework allows for the direct comparison in performance between existing (business-as-usual) and transactive energy systems in improving resilience.

24 POWER TRANSMISSION AND DISTRIBUTION↗

DOE OSTI2018

An Approach to Uncertainty Identification in the Valuation of Transactive Energy Systems

Valuation of transactive energy (TE) systems should be supported by a structured and systematic approach to uncertainty identification, assessment, and treatment in the interest of risk-informed decision making. The proposed approach, a variation of fault tree analysis, is anticipated to support valuation analysts in analyzing conventional and transactive system scenarios. This approach allows for expanding the entire tree up to the level of minute details or collapsing them to a level sufficient enough to get an overview of the problem. Quantification scheme for the described approach lends itself for valuation. The method complements value exchange analysis, simulation, and field demonstration studies. The practicality of the proposed approach is demonstrated through uncertainty assessment of the smart grid interoperability panel peak heat day scenario.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

DOE OSTI2017

Addressing Risk in the Valuation of Energy Systems

Valuation is a mechanism by which potential worth of a transaction between two or more parties can be evaluated. Examples include valuation of transactive energy systems such as electric power system and building energy systems. Uncertainties can manifest while exercising a valuation methodology in the form of lack of knowledge or be inherently embedded in the valuation process. Uncertainty could also exist in the temporal dimension while planning for long-term growth. This paper discusses risk considerations associated with valuation studies in support of decision-making in the presence of such uncertainties. It is often important to have foresight of uncertain entities that can impact real-world deployments, such as the comparison or ranking of two valuation studies to determine cost-benefit impacts to multiple stakeholders. The research proposes to address this challenge through simulation and sensitivity analyses to support ‘what-if’ analysis of well-defined future scenarios. This paper describes foundational value of diagrammatic representation techniques such as unified modeling language to understand the implications of not addressing some of the risk elements encountered during the valuation process. The paper includes examples from generation resource adequacy assessment studies (e.g. loss of load) to illustrate the principles of risk in valuation.

Buildings↗

DOE OSTI2017

Transactive Systems Simulation and Valuation Platform Trial Analysis

Transactive energy systems use principles of value to coordinate responsive supply and demand in energy systems. Work continues within the Transactive Systems Program, which is funded by the U.S. Department of Energy at Pacific Northwest National Laboratory, to understand the value of, understand the theory behind, and simulate the behaviors of transactive energy systems. This report summarizes recent advances made by this program. The main capability advances include a more comprehensive valuation model, including recommended documentation that should make valuation studies of all sorts more transparent, definition of economic metrics with which transactive mechanisms can be evaluated, and multiple improvements to the time-simulation environment that is being used to evaluate transactive scenarios.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗