Energy Systems Division

Incentive and Social Welfare Implications of Carbon Capture and Storage Policies

A Webinar presented by the IISE Energy Systems Division
March 2, 10 a.m. ET
Presenter: Joseph E. Duggan, Dr. Jonathan Ogland-Hand

Carbon Capture and Storage (CCS) is increasingly being seen as a powerful tool in decarbonizing the power sector and ameliorating the effects of climate change. We examine a stylized model of carbon capture and storage given different regulatory and market structure regimes to examine the incentive effects and social welfare implications of proposed regulatory frameworks. 

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A Stochastic Programming Framework for Resource Allocation on a Farm Under Climate and Weather Uncertainty

Nov. 18, 2021
Presenter: Erick C. Jones Jr.

Climate change, extreme weather events, and water scarcity have severely impacted the agricultural sector. Under scarce conventional water supplies, a farm faces a decision between reducing production through deficit irrigation and leveraging alternative water and energy resources to continue producing large quantities of crops and these investments would have to be balanced against an unknown climate. Therefore, we develop a framework for farm investment decisions structured as a two-stage stochastic quadratically constrained linear program that maximizes farm profit over a 25-year period while considering an uncertain future climate and the costs of investing and operating various electricity and water technologies. We create four representative climate futures and two climate probability distributions that represent different beliefs that the decision maker might have about the likelihood of each climate scenario occurring.

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Decentralized Demand Response in Electricity Markets

There has been a rapid growth of distributed energy resources (DERs) at the distribution level of power systems, which, if managed properly, can help improve the entire power grid’s efficiency and reliability, offset electricity price volatility, and promote renewable energy.

Real-time Thermal Rating: Monitoring and Application in Power Systems

Real-time thermal rating (RTTR) is a smart grid technology that can significantly improve the utilization of existing transmission and distribution systems infrastructure by allowing the ratings of electrical conductors and equipment to be increased based on real-time weather information.

Proactive Maintenance for Lithium-ion Batteries

In this webinar, we will present the copula-based prognosis method for proactive maintenance of the lithium-ion battery by accurately predicting its remaining useful life.