Forecasting Methods For Renewable Power Generation
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Forecasting Methods for Renewable Power Generation
Author: Jai Govind Singh
language: en
Publisher: John Wiley & Sons
Release Date: 2025-04-18
Forecasting Methods for Renewable Power Generation is an essential resource for both professionals and students, providing in-depth insights into vital forecasting techniques that enhance grid stability, optimize resource management, and enable effective electricity pricing strategies. It is a must-have reference for anyone involved in the clean energy sector. Forecasting techniques in renewable power generation, demand response, and electricity pricing are vital for grid stability, optimal resource allocation, efficient energy management, and cost-effective electricity supply. They enable grid operators and market participants to make informed decisions, mitigate risks, and enhance the overall reliability and sustainability of the electrical grid. Electricity prices can vary significantly based on supply and demand dynamics. By forecasting expected demand and the availability of generation resources, market operators can optimize electricity pricing strategies. This alignment of prices with anticipated supply-demand balance incentivizes the efficient use of electricity and promotes market efficiency. Accurate forecasting helps prevent price spikes, reduces market uncertainties, and supports the development of effective energy trading strategies. This book presents these topics and trends in an encyclopedic format, serving as a go-to reference for engineers, scientists, or students interested in the subject. The book is divided into three easy-to-navigate sections that thoroughly examine the AI and machine learning-based algorithms and pseudocode considered in this study. This is the most comprehensive and up-to-date encyclopedia of forecasting in renewable power generation, demand response, and electricity pricing ever written, and is a must-have for any library.
Prediction Techniques for Renewable Energy Generation and Load Demand Forecasting
This book provides an introduction to forecasting methods for renewable energy sources integrated with existing grid. It consists of two sections; the first one is on the generation side forecasting methods, while the second section deals with the different ways of load forecasting. It broadly includes artificial intelligence, machine learning, hybrid techniques and other state-of-the-art techniques for renewable energy and load predictions. The book reflects the state of the art in distributed generation system and future microgrids and covers theory, algorithms, simulations and case studies. It offers invaluable insights through this valuable resource to students and researchers working in the fields of renewable energy, integration of renewable energy with existing grid and electrical distribution network.
Computer Vision and Machine Intelligence for Renewable Energy Systems
Computer Vision and Machine Intelligence for Renewable Energy Systems offers a practical, systemic guide to the use of computer vision as an innovative tool to support renewable energy integration.This book equips readers with a variety of essential tools and applications: Part I outlines the fundamentals of computer vision and its unique benefits in renewable energy system models compared to traditional machine intelligence: minimal computing power needs, speed, and accuracy even with partial data. Part II breaks down specific techniques, including those for predictive modeling, performance prediction, market models, and mitigation measures. Part III offers case studies and applications to a wide range of renewable energy sources, and finally the future possibilities of the technology are considered. The very first book in Elsevier's cutting-edge new series Advances in Intelligent Energy Systems, Computer Vision and Machine Intelligence for Renewable Energy Systems provides engineers and renewable energy researchers with a holistic, clear introduction to this promising strategy for control and reliability in renewable energy grids. - Provides a sorely needed primer on the opportunities of computer vision techniques for renewable energy systems - Builds knowledge and tools in a systematic manner, from fundamentals to advanced applications - Includes dedicated chapters with case studies and applications for each sustainable energy source