Doornbos, I.T. (2023) Optimization within a local energy hub network. Research Project, Industrial Engineering and Management.
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Abstract
Efficient energy infrastructure solutions are essential in response to rising global energy needs, limited fossil fuel supply, and the need for sustainable energy sources. A possible solution is the creation of local energy markets through energy hubs. The creation, conversion and consumption of energy are made easier by these hubs, which act as connectors between various energy systems. Energy hubs are established to solve energy shortages and surpluses in the local market by tying together multiple energy transporters and loads. The objective of the project is to create an algorithm that balances the needs of various energy hubs while maximizing network benefits generally. The algorithm’s structure encourages hubs to work together to find solutions that achieve a balance between their objectives, preferences, and constraints. Based on real-world inputs, optimal energy exchange values are calculated for each hub, representing the convergence of energy market dynamics. Moreover, the corresponding price is determined as well. The simulation results show how prices react to different energy situations, demonstrating that the model is consistent with the original hypotheses.
| Item Type: | Thesis (Research Project) |
|---|---|
| Supervisor name: | Monshizadeh Naini, N. and Cherukuri, A.K. |
| Degree programme: | Industrial Engineering and Management |
| Thesis type: | Research Project |
| Language: | English |
| Date Deposited: | 04 Sep 2023 12:52 |
| Last Modified: | 15 Apr 2024 11:15 |
| URI: | https://fse.studenttheses.ub.rug.nl/id/eprint/31386 |
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