Obtaining the ultimate objective of economic growth depends largely on the availability of infrastructure in the economy. New developments in finance also play an important role in enhancing economic prosperity in a country. Strategic Infrastructure Development for Economic Growth and Social Change explores different avenues of research in the areas of corporate governance, socioeconomic conditions, modern business infrastructure, business automation, strategic financial management, and financial aspects of modern businesses. This reference work discusses practical applications, skills, practices, and strategies involved in economic and business growth, and overall economic development. Academicians, practitioners, professionals, and researchers will benefit from the topics discussed in this book.

A static compensator (STATCOM), also known as static synchronous compensator, is a member of the flexible alternating current transmission system (FACTS) devices. It is a power-electronics based regulating device which is composed of a voltage source converter (VSC) and is shunt-connected to alternating current electricity transmission and distribution networks. The voltage source is created from a DC capacitor and the STATCOM can exchange reactive power with the network. It can also supply some active power to the network, if a DC source of power is connected across the capacitor. A STATCOM is usually installed in the electric networks with poor power factor or poor voltage regulation to improve these problems. In addition, it is used to improve the voltage stability of a network. This book covers STATCOMs from different aspects. Different converter topologies, output filters and modulation techniques utilized within STATCOMs are reviewed. Mathematical modeling of STATCOM is presented in detail and different STATCOM control strategies and algorithms are discussed. Modified load flow calculations for a power system in the presence of STATCOMs are presented. Several applications of STATCOMs in transmission and distribution networks are discussed in different examples and optimization techniques for defining the optimal location and ratings of the STATCOMs in power systems are reviewed. Finally, the performance of the network protection scheme in the presence of STATCOMs is described. This book will be an excellent resource for postgraduate students and researchers interested in grasping the knowledge on STATCOMs.

Power Quality Enhancement Using Custom Power Devices considers the structure, control and performance of series compensating DVR, the shunt DSTATCOM and the shunt with series UPQC for power quality improvement in electricity distribution.
Also addressed are other power electronic devices for improving power quality in Solid State Transfer Switches and Fault Current Limiters. Applications for these technologies as they relate to compensating busses supplied by a weak line and for distributed generation connections in rural networks, are included. In depth treatment of inverters to achieve voltage support, voltage balancing, harmonic suppression and transient suppression in realistic network environments are also covered. New material on the potential for shunt and series compensation which emphasizes the importance of control design has been introduced.

This book focuses on the state of the art in worldwide research on applying optimization approaches to intelligently control charging and discharging of batteries of Plug-in Electric Vehicles (PEVs) in smart grids. Network constraints, cost considerations, the number and penetration level of PEVs, utilization of PEVs by their owners, ancillary services, load forecasting, risk analysis, etc. are all different criteria considered by the researchers in developing mathematical based equations which represent the presence of PEVs in electric networks. Different objective functions can be defined and different optimization methods can be utilized to coordinate the performance of PEVs in smart grids. This book will be an excellent resource for anyone interested in grasping the current state of applying different optimization techniques and approaches that can manage the presence of PEVs in smart grids.

This book covers the recent research advancements in the area of charging strategies that can be employed to accommodate the anticipated high deployment of Plug-in Electric Vehicles (PEVs) in smart grids. Recent literature has focused on various potential issues of uncoordinated charging of PEVs and methods of overcoming such challenges. After an introduction to charging coordination paradigms of PEVs, this book will present various ways the coordinated control can be accomplished. These innovative approaches include hierarchical coordinated control, model predictive control, optimal control strategies to minimize load variance, smart PEV load management based on load forecasting, integrating renewable energy sources such as photovoltaic arrays to supplement grid power, using wireless communication networks to coordinate the charging load of a smart grid and using market price of electricity and customers payment to coordinate the charging load. Hence, this book proposes many new strategies proposed recently by the researchers around the world to address the issues related to coordination of charging load of PEVs in a future smart grid.

This book highlights the cutting-edge research on energy management within smart grids with significant deployment of Plug-in Electric Vehicles (PEV). These vehicles not only can be a significant electrical power consumer during Grid to Vehicle (G2V) charging mode, they can also be smartly utilized as a controlled source of electrical power when they are used in Vehicle to Grid (V2G) operating mode. Electricity Price, Time of Use Tariffs, Quality of Service, Social Welfare as well as electrical parameters of the network are all different criteria considered by the researchers when developing energy management techniques for PEVs. Risk averse stochastic energy hub management, maximizing profits in ancillary service markets, power market bidding strategies for fleets of PEVs, energy management of PEVs in the presence of renewable energy in distribution lines or microgrids and loss minimization in distribution networks based on smart coordination approaches using real time energy prices are some of the attractive and novel topics explored in this book. It will be an excellent reference for graduate students, researchers and industry professionals who are interested in getting a snapshot view of today's latest research on applying various smart energy management strategies for smart grids with high penetration of PEVs.

A static compensator (STATCOM), also known as static synchronous compensator, is a member of the flexible alternating current transmission system (FACTS) devices. It is a power-electronics based regulating device which is composed of a voltage source converter (VSC) and is shunt-connected to alternating current electricity transmission and distribution networks. The voltage source is created from a DC capacitor and the STATCOM can exchange reactive power with the network. It can also supply some active power to the network, if a DC source of power is connected across the capacitor. A STATCOM is usually installed in the electric networks with poor power factor or poor voltage regulation to improve these problems. In addition, it is used to improve the voltage stability of a network. This book covers STATCOMs from different aspects. Different converter topologies, output filters and modulation techniques utilized within STATCOMs are reviewed. Mathematical modeling of STATCOM is presented in detail and different STATCOM control strategies and algorithms are discussed. Modified load flow calculations for a power system in the presence of STATCOMs are presented. Several applications of STATCOMs in transmission and distribution networks are discussed in different examples and optimization techniques for defining the optimal location and ratings of the STATCOMs in power systems are reviewed. Finally, the performance of the network protection scheme in the presence of STATCOMs is described. This book will be an excellent resource for postgraduate students and researchers interested in grasping the knowledge on STATCOMs.

This book covers the recent research advancements in the area of charging strategies that can be employed to accommodate the anticipated high deployment of Plug-in Electric Vehicles (PEVs) in smart grids. Recent literature has focused on various potential issues of uncoordinated charging of PEVs and methods of overcoming such challenges. After an introduction to charging coordination paradigms of PEVs, this book will present various ways the coordinated control can be accomplished. These innovative approaches include hierarchical coordinated control, model predictive control, optimal control strategies to minimize load variance, smart PEV load management based on load forecasting, integrating renewable energy sources such as photovoltaic arrays to supplement grid power, using wireless communication networks to coordinate the charging load of a smart grid and using market price of electricity and customers payment to coordinate the charging load. Hence, this book proposes many new strategies proposed recently by the researchers around the world to address the issues related to coordination of charging load of PEVs in a future smart grid.

Power Quality Enhancement Using Custom Power Devices considers the structure, control and performance of series compensating DVR, the shunt DSTATCOM and the shunt with series UPQC for power quality improvement in electricity distribution. Also addressed are other power electronic devices for improving power quality in Solid State Transfer Switches and Fault Current Limiters. Applications for these technologies as they relate to compensating busses supplied by a weak line and for distributed generation connections in rural networks, are included. In depth treatment of inverters to achieve voltage support, voltage balancing, harmonic suppression and transient suppression in realistic network environments are also covered. New material on the potential for shunt and series compensation which emphasizes the importance of control design has been introduced.

This book focuses on the state of the art in worldwide research on applying optimization approaches to intelligently control charging and discharging of batteries of Plug-in Electric Vehicles (PEVs) in smart grids. Network constraints, cost considerations, the number and penetration level of PEVs, utilization of PEVs by their owners, ancillary services, load forecasting, risk analysis, etc. are all different criteria considered by the researchers in developing mathematical based equations which represent the presence of PEVs in electric networks. Different objective functions can be defined and different optimization methods can be utilized to coordinate the performance of PEVs in smart grids. This book will be an excellent resource for anyone interested in grasping the current state of applying different optimization techniques and approaches that can manage the presence of PEVs in smart grids.

This book highlights the cutting-edge research on energy management within smart grids with significant deployment of Plug-in Electric Vehicles (PEV). These vehicles not only can be a significant electrical power consumer during Grid to Vehicle (G2V) charging mode, they can also be smartly utilized as a controlled source of electrical power when they are used in Vehicle to Grid (V2G) operating mode. Electricity Price, Time of Use Tariffs, Quality of Service, Social Welfare as well as electrical parameters of the network are all different criteria considered by the researchers when developing energy management techniques for PEVs. Risk averse stochastic energy hub management, maximizing profits in ancillary service markets, power market bidding strategies for fleets of PEVs, energy management of PEVs in the presence of renewable energy in distribution lines or microgrids and loss minimization in distribution networks based on smart coordination approaches using real time energy prices are some of the attractive and novel topics explored in this book. It will be an excellent reference for graduate students, researchers and industry professionals who are interested in getting a snapshot view of today's latest research on applying various smart energy management strategies for smart grids with high penetration of PEVs.