|Title||Towards Next Generation Intelligent Energy Systems|
CERETETH, University of Crete, National Technical University of Athens
|Duration||2013 – 2015|
Greater interconnectedness, renewables and price-directed demand drive the evolution of the conventional power grids towards intelligent power networks. Our main objective is to elucidate the issues, concepts and characteristics that are vital for lifting the curse of dimensionality, imposed by the stochasticity on both demand and generation sides, from such next generation smart electricity networks. We design and implement an advanced energy systems simulation and validation framework, called Hephaestus, capable of anticipating future states of the network along multiple timescales and integrate realistic information flows. Hephaestus will integrate a new power distribution system simulation and analysis tool, Approximate Dynamic Programming theory and algorithms and Web Services.