Mathematical Modelling of Contemporary Electricity Markets reviews major methodologies and tools to accurately analyze and forecast contemporary electricity markets in a ways that is ideal for practitioner and academic audiences. Approaches include optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models and energy system models. The work examines how new challenges affect power market modeling, including discussions of stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets and the evolution of policy developments (market coupling processes, security of supply). Coverage addresses all major forms of electricity markets: day-ahead, forward, intraday, balancing, and capacity.

Advances in Carbon Capture reviews major implementations of CO2 capture, including absorption, adsorption, permeation and biological techniques. For each approach, key benefits and drawbacks of separation methods and technologies, perspectives on CO2 reuse and conversion, and pathways for future CO2 capture research are explored in depth. The work presents a comprehensive comparison of capture technologies. In addition, the alternatives for CO2 separation from various feeds are investigated based on process economics, flexibility, industrial aspects, purification level and environmental viewpoints.

Low Carbon Energy Technologies for Sustainable Energy Systems examines, investigates, and integrates current research aimed at operationalizing low carbon technologies within complex transitioning energy economies. Scholarly research has traditionally focused on the technical aspects of exploitation, R&D, operation, infrastructure, and decommissioning, while approaches which can realistically inform their reception and scale-up across real societies and real markets are piecemeal and isolated in separate literatures. Addressing both the technical foundations of each technology together with the sociotechnical ways in which they are spread in markets and societies, this work integrates the technoeconomic assessment of low carbon technologies with direct discussion on legislative and regulatory policies in energy markets. Chapters address issues, such as social acceptance, consumer awareness, environmental valuation systems, and the circular economy, as low carbon technologies expand into energy systems sustainability, sensitivity, and stability. This collective research work is relevant to both researchers and practitioners working in sustainable energy systems. The combination of these features makes it a timely book that is useful and attractive to university students, researchers, academia, and public or private energy policy makers.

Sustainable Oil and Gas Development Series: Drilling Engineering delivers research materials and emerging technologies that conform sustainability drilling criteria. Starting with ideal zero-waste solutions in drilling and long-term advantages, the reference discusses the sustainability approach through the use of non-linear solutions and works its way through the most conventional practices and procedures used today. Step-by-step formulations and examples are provided to demonstrate how to look at conventional practices versus sustainable approaches with eventually diverging towards a more sustainable alternative. Emerging technologies are covered and detailed sustainability analysis is included. Economic considerations, analysis, and long-term consequences, focusing on risk management round out the with conclusions and a extensive glossary. Sustainable Oil and Gas Development Series: Drilling Engineering gives today's petroleum and drilling engineers a guide how to analyze and evaluate their operations in a more environmentally-driven way.

Electric Utility Resource Planning: Past, Present and Future covers the balance of renewable costs, energy storage, and flexible backstop mechanisms needed in electric utility resource planning. In addition, it covers the optimization of planning methodologies and market design. The book argues that net load, ramping and volatility concerns associated with renewables call into question the validity of almost a century of planning approaches. Finally, it suggests that accounting for flexibility helps optimize the efficiency of the entire fleet of assets, minimizing costs and CO2 generation simultaneously, concluding that a flexible, independent backstop mechanism is needed, regardless of renewables or storage. Case studies provide a mix of hypothetical "what if" scenarios and analyses of real-life utility portfolios drawn from international examples.

Social Impacts of Smart Grids: The Future of Smart Grids and Energy Market Design explores the significant, unexplored societal consequences of our meteoric evolution towards intelligent, responsive and sustainable power generation and distribution systems-the so-called 'smart grid'. These consequences include new patterns of consumption behavior, systems planning under increasing uncertainty, and the ever- growing complexities involved. The work covers the historical impact of the transformation, examines the changing role of production and consumption behavior, articulates the principles and options for socially responsible smart grid power market design, and explores social acceptance of the smart grid. Where relevant, it examines adjacent literatures from P2P electricity markets, electric vehicles, smart homes and smart cities, and related 'internet of energy' developments. Finally, it provides insights into mitigating the likely social consequences of our integrated low-carbon energy future.

Single-Phase, Two-Phase and Supercritical Natural Circulation Systems provides readers with a deep understanding of natural circulation systems. This book equips the reader with an understanding on how to detect unstable loops to ensure plant safety and reliability, calculate heat transport capabilities, and design effective natural circulation loops, stability maps and parallel channel systems. Each chapter begins with an introduction to the circulation system before discussing each element in detail and analyzing its effect on the performance of the system. The book also presents thermosyphon heat transport devices in nuclear and other industrial plants, a common information need for students and researchers alike. This book is invaluable for engineers, designers, operators and consultants in nuclear, mechanical, electrical and chemical disciplines.

Inequality and Energy: How Extremes of Wealth and Poverty in High Income Countries Affect CO2 Emissions and Access to Energy challenges energy consumption researchers in developed countries to reorient their research frameworks to include the effects of economic inequality within the scope of their investigations, and calls for a new set of paradigms for energy consumption research. The book explores concrete examples of energy deprivation due to inequality, and provides conceptual tools to explore this in relation to other issues regarding energy consumption. It thereby urges that energy consumption approaches be updated for a world of increasing inequality. Extreme economic inequality has increased within developed countries over the past three decades. The effects of inequality are now seen increasingly in health, housing affordability, crime and social cohesion. There are signs it may even threaten democracy. Researchers are also exploring its effects on energy consumption. One of their key findings is that less privileged groups have lost consistent access to basic energy services like warm homes and affordable transport, leading to huge disparities of climate damaging emissions between rich and poor.

Gravity Energy Storage provides a comprehensive analysis of a novel energy storage system that is based on the working principle of well-established, pumped hydro energy storage, but that also recognizes the differences and benefits of the new gravity system. This book provides coverage of the development, feasibility, design, performance, operation, and economics associated with the implementation of such storage technology. In addition, a number of modeling approaches are proposed as a solution to various difficulties, such as proper sizing, application, value and optimal design of the system. The book includes both technical and economic aspects to guide the realization of this storage system in the right direction. Finally, political considerations and barriers are addressed to complement this work.

Energy Transformation towards Sustainability explores how researchers, businesses and policymakers can explore and usefully improve energy systems and energy consumption behavior, both to reflect the reality of climate change and related environmental degradation and to adapt to the expanding periphery of renewable energy technologies. It introduces the reader to a suite of potential policy pathways to the necessary transformation in societal energy consumption, usage and behavior. Solutions discussed include energy efficiency, energy security, the role of political leadership, green public policy, and the transition to renewable energy sources. International contributions address the range and depth of current research from a position of advocacy for 'energy stewardship' as the driver of this transformation. Case studies illustrate the range of various countries to diminish energy use. Finally, policy avenues are covered in depth.

In The Next Industrial Revolution, Vincent Petit builds on his earlier work, The Age of Fire Is Over (2021), where he explored how key transformations in consumption patterns impact our energy system in ways that have been seldom envisioned. He further develops this work here, and traces how these transformations apply to our modern industrial system, the bedrock of our global economic development and wealth creation.Petit argues that the world is on the cusp of the next centennial transformation of our industrial system, driven by major technological enhancements, considerable opportunities for productivity step changes, but also significant resiliency and environmental challenges.Through a deep and unique exploration of the innovation landscape and global context in each major sector of industry, the author sheds light on the key changes that will transform not only every sector of activity, but also the way they interact with one another to produce nothing short of a complete redesign of our industrial system.The way such transformation will unfold will, however, depend on the complex entanglement of technological progress, policy, business transformations and cultural evolutions. Through different scenarios, the author highlights some of the key decisions that need to be made today, in order to make the most of this opportunity.

The burning of fossil fuels and emission of greenhouse gasses critically impacts the global environment. By utilizing better techniques and process, businesses can aid in the journey to an economic, sustainable, and environmentally-friendly future for generations to come. Business Models for Renewable Energy Initiatives: Emerging Research and Opportunities is an essential reference source for the latest scholarly perspectives on present and future business models in the renewable energy sector. Featuring coverage on a range of perspectives and topics such as techno-economics, decentralized power systems, and risk assessment, this book is designed for academicians, students, and researchers seeking current scholarly research on green business opportunities for renewable energy.

A "quick look up guide," Electricity Cost Modeling Calculations places the relevant formulae and calculations at the reader's finger tips. In this book, theories are explained in a nutshell and then the calculation is presented and solved in an illustrated, step-by-step fashion. A valuable guide for new engineers, economists (or forecasters), regulators, and policy makers who want to further develop their knowledge of best practice calculations techniques or experienced practitioners (and even managers) who desire to acquire more useful tips, this book offers expert advice for using such cost models to determine optimally-sized distribution systems and optimally-structured power supplying entities. In other words, this book provides an Everything-that-you-want-to-know-about-cost-modelling-for-electric-utilities (but were afraid to ask) approach to modelling the cost of supplying electricity. In addition, the author covers the concept of multiproduct and multistage cost functions, which are appropriate in modelling the cost of supplying electricity. The author has done all the heavy number-crunching, and provides the reader with real-world, practical examples of how to properly quantify the costs associated with providing electric service, thus increasing the accuracy of the results and support for the policy initiatives required to ensure the competitiveness of the power suppliers in this new world in which we are living. The principles contained herein could be employed to assist in the determination of the cost-minimizing amount of output (i.e., electricity), which could then be used to determine whether a merger between two entities makes sense (i.e., would increase profitability). Other examples abound: public regulatory commissions also need help in determining whether mergers (or divestitures) are welfare-enhancing or not; ratemaking policies depend on costs and properly determining the costs of supplying electric (or gas, water, and local telephone) service. Policy makers, too, can benefit in terms of optimal market structure; after all, the premise of deregulation of the electric industry was predicated on the idea that generation could be deregulated. Unfortunately, the economies of vertical integration between the generation.

Succinct and understandable, this book is a step-by-step guide to the mathematics and construction of electrical load forecasting models. Written by one of the world's foremost experts on the subject, Electrical Load Forecasting provides a brief discussion of algorithms, their advantages and disadvantages and when they are best utilized. The book begins with a good description of the basic theory and models needed to truly understand how the models are prepared so that they are not just blindly plugging and chugging numbers. This is followed by a clear and rigorous exposition of the statistical techniques and algorithms such as regression, neural networks, fuzzy logic, and expert systems. The book is also supported by an online computer program that allows readers to construct, validate, and run short and long term models.

Materials for Ultra-Supercritical and Advanced Ultra-Supercritical Power Plants provides researchers in academia and industry with an essential overview of the stronger high-temperature materials required for key process components, such as membrane wall tubes, high-pressure steam piping and headers, superheater tubes, forged rotors, cast components, and bolting and blading for steam turbines in USC power plants. Advanced materials for future advanced ultra-supercritical power plants, such as superalloys, new martensitic and austenitic steels, are also addressed. Chapters on international research directions complete the volume. The transition from conventional subcritical to supercritical thermal power plants greatly increased power generation efficiency. Now the introductions of the ultra-supercritical (USC) and, in the near future, advanced ultra-supercritical (A-USC) designs are further efforts to reduce fossil fuel consumption in power plants and the associated carbon dioxide emissions. The higher operating temperatures and pressures found in these new plant types, however, necessitate the use of advanced materials.