Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk...
Transcript of Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk...
![Page 1: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/1.jpg)
Performance-based Energy Resource Feedback, Optimization, and Risk
Management: PERFORM
![Page 2: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/2.jpg)
1
If it works…
will it matter?
![Page 3: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/3.jpg)
ARPA-E Program Development and Execution
2
Project Handoff
Ongoing Technical Review
Contract Negotiations
& Awards
Project Selection
Proposal Rebuttal
Merit Review of Proposals
Funding Opportunity Announcement
Program Approval
Workshop
Program Conception (Idea/Vision)
Transition Toward Market Adoption
EXECUTE
ESTABLISH
EVALUATE
ENGAGE
ENVISION
PROGRAM DEVELOPMENT CYCLE
![Page 4: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/4.jpg)
Site Data Collection, Processing, Analytics
Site Data
Year 1 Year 2 Year 3
SyntheticData
R&D8-10 Teams
Validation Validation
R&DRefine
R&DRefine
PERFORM R&D
Tentative Program Scope, Timeline, and Beyond
Year 4 Year 5
Site Data
R&D&D FinalizeDown Select: 3 Teams
Validation and PredictionDown Select: 3 Teams
Down Select 3 Pilots: 2 Small + 1 Medium/Large
Data Pilot
3
![Page 5: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/5.jpg)
PERFORM Teams
INDUSTRY
FINANCE/ACTUARIAL
SCIENCE
POWER SYSTEMS
OPERATIONS RESEARCH
ØTargeted pilot locations
ØData / validation
ØRisk metricØ System risk
assessmentØUncertainty
quantification and valuation
ØAdvanced tech
ØAsset / system modeling
ØGrid softwareØOptimization
under uncertainty
![Page 6: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/6.jpg)
PERFORM Program Overview
Asset Risk Assessment:
A standardized, transparent risk score to gauge each
asset’s relative performance
System Risk Assessment:Risk-based Energy Management
System (REMS) to balance collective risk across the grid
Tech to Market:Pilot testing with utilities or ISOs willing to collect data
and evaluate proposed software solutions to gauge
program pursuits
Program Thrust 2
Program Thrust 1
5
![Page 7: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/7.jpg)
Renewables mainly show up in real-time and do not schedule in advance; operators guess at how much backup capacity is needed.
6
Reliability and Stability Analysis
Confidence in renewable forecast
Assumed % of installed renewable capacity
guaranteed
Renewable forecast error hedged with conservative operations, excessive ancillary services requirements, and on-line back-up conventional generators
Operators procure additional resources to protect against
forecast risk exposure
![Page 8: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/8.jpg)
Industry participation in PERFORM
7
ØData
ØPilot program – who should be involved?
ØTeam up with proposals
ØProgram input: what will move industry forward?
![Page 9: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/9.jpg)
Transmission & Distribution
8
ØWhere to focus? Start? Most impactful? Most in
need?
ØBulk? Distributed energy resources?
ØT&D Interface?
ØWholesale? Retail markets?
![Page 10: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/10.jpg)
PERFORM Program Metrics
9
Ø System cost reduction
Ø System reliability improvement
Ø Reduction in ratio of stand-by thermal generation to scheduled renewable generation
Ø Reduction in ratio of thermal capacity to emerging resource capacity (long-term planning)
Ø Reduction in ratio of ancillary services from thermal resources to ancillary services from emerging technologies
Ø Improvement in quality of service metric: delivered energy to scheduled energy (for every resource)
Ø Improvement in quality of service metric: delivered ancillary service to scheduled ancillary service (for every resource)
![Page 11: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/11.jpg)
What do you wish to see come from this potential program?
10
ØMahesh Morjaria, Studio 1, Breakout Session 3:
ØThe ability to talk, with ease – similar to how it is handled in the finance sector, on the topic of risk
![Page 12: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/12.jpg)
What can we learn from the past?
11
![Page 13: Performance-based Energy Resource Feedback, Optimization ... · Feedback, Optimization, and Risk Management: PERFORM. 1 ... ØReduction in ratio of ancillary services from thermal](https://reader034.fdocuments.in/reader034/viewer/2022042918/5f5f24a682a1d40297093472/html5/thumbnails/13.jpg)
12
Locational Marginal Prices…
and Locational Risk Premiums / Prices?
What do we see in the future?