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DOE OSTI · 3374097

GRACE Final Technical Report

Patino-Echeverri, Dalia
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Abstract

The GRACE project (Grid that is Risk-Aware for Clean Electricity) was a five-year research initiative funded by the U.S. Department of Energy's Advanced Research Projects Agency- Energy (ARPA-E) under the PERFORM program. Led by Duke University's Nicholas School of the Environment, with contributions from The Ohio State University, North Carolina State University, Dartmouth College, and Pacific Northwest National Laboratory, the project addressed a fundamental challenge in grid management: conventional software plans for a single most-likely outcome and relies on reserves as a buffer, leaving utilities poorly equipped for the growing variability introduced by renewable energy. GRACE demonstrated a better approach: explicitly representing thousands of plausible future scenarios and choosing operating schedules that perform well across all of them.

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14 SOLAR ENERGY20 FOSSIL-FUELED POWER PLANTS25 ENERGY STORAGE29 ENERGY PLANNING, POLICY, AND ECONOMYEnergy Management SystemProbabilistic ForecastRisk AssessmentRisk ManagementStochastic Unit Commitment

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Patino-Echeverri, Dalia. 2024-08-26. GRACE Final Technical Report. https://doi.org/10.2172/3374097

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