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(American Society of Civil Engineers, 2011-03)With one of the highest energy dependencies in the European Union, Ireland must adapt quickly to renewable energy technologies or risk paying the penalty in the form of high energy prices in years to come. Escalating ...
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(World Federation of Engineering Organizations, 2011-09-04)Creation of an environment in which shallow geothermal energy can thrive will require a coherent approach and a high level of collaboration with professionals from countries that have developed technical expertise in the ...
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(IEEE, 2008-07)Fossil fuel depletion and concerns over global climate change are increasing the demand for sustainable and clean solutions for electricity generation. In the coming years some of the most difficult engineering challenges ...
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(2009-11)In modern energy aware buildings, lighting control systems are put in place so to maximise the energy-efficiency of the lighting system without effecting the comfort of the occupant. In many cases this involves utilising ...
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(2009)Risk aversion is a key element of utility maximizing hedge strategies; however, it has typically been assigned an arbitrary value in the literature. This paper instead applies a GARCH-in-Mean (GARCH-M) model to estimate a ...
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(2010)This paper outlines how to economically and reliably operate a power system with high levels of renewable generation which are stochastic in nature. It outlines the challenges for system operators, and suggests tools and ...
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(Elsevier, 2011-07-27)A key issue in the estimation of energy hedges is the hedgers’ attitude towards risk which is encapsulated in the form of the hedgers’ utility function. However, the literature typically uses only one form of utility ...
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(IEEE, 2008-07)This paper studies the impact of balancing wind generation with storage on the thermal plant mix and load for different levels of installed wind and storage, and under different operational strategies. Moreover, the ...
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(Wiley, 2011-04)We present a new method of reducing the error in predicted wind speed, thus enabling better management of wind energy facilities. A numerical weather prediction model, COSMO, was used to produce 48 h forecast data every ...