An incisive and practical exploration of the engineering economics of microgrids In The Economics of Microgrids, a pair of distinguished researchers delivers an expert discussion of the microeconomic perspectives on microgrids in the context of low-carbon, sustainable energy delivery. In the book, readers will explore an engineering economics framework on the investment decisions and capital expenditure analyses required for an assessment of microgrid projects. The authors also examine economic concepts and models for minimizing microgrid operation costs, including the cost of local generation resources and energy purchases from main grids to supply local loads. The book presents economic models for the expansion of microgrids under load and market price uncertainties, as well as discussions of the economics of resilience in microgrids for optimal operation during outages and power disturbances. Readers will also find: A thorough introduction to the engineering and economics of microgrids Comprehensive explorations of microgrid planning under uncertainty Practical discussions of microgrid expansion planning, operations management, and renewable energy integration Fulsome treatments of asset management and resilience economics in microgrids Perfect for senior undergraduate and graduate students as well as researchers studying power system design, The Economics of Microgrids will also benefit professionals working in the power system industry and government regulators and policymakers with an interest in microgrid technologies and infrastructure.

Due to the limitation of the electrical OFDM signal and electrical Fast Fourier Transform (FFT), all-optical OFDMs have recently received much attention. Accordingly, this research study was conducted to investigate the effect of phase noise in the performance of an all-optical OFDM transmission system with 4-point FFT single mode fiber (SMF) links by considering the effects of fiber length, input laser power and a number of channels. In all optical systems, the transmitter side consists of a comb power generator, wavelength selected switch and an optical QAM generator. A comb power generator generates channels with a frequency separation of f=25 GHz. Subsequently, a Wavelength Selected Switch (WSS) was used to split subcarriers and then the subcarriers were modulated individually with Optical QAM modulators. As the results show, a higher number of channels led more phase noise in terms of XPM and FWM nonlinearities, and signal power was the main factor in nonlinear fiber optics. As a consequence, there is more phase noise distortion at a higher signal power for a higher number of channels rather than the lower number of channels.