In recent years there has been a move in the majority of industrialized countries to invest in renewable resources for the production of energy. This move has come about as people worldwide are more aware of negative effects of fossil fuel sources of energy on the environment including the release of green house gases such as CO2. Utilization of renewable sources of energy, for instance harness...

As a key economic element, energy plays an important role in the development of societies. Economic growth and its urgent need for energy highlight the need for optimal energy use. Wind energy is an energy source that has become an increasingly common source of electricity. In this study, socio-economic impacts of the cost of electricity generated by wind power plants were assessed with Iran as...

Life cycle impact assessment indicators are integrated for studying the process integration of renewable resources and CO2 capture and storage (CCS) in power plants. Besides the expected reduction in global warming potential (GWP), CCS induces energy and cost penalties. This paper presents a systematicmultiobjective optimisation framework for the optimal design of power plants with CO2 capture ...

Wind power is becoming a significant source of electricity in many countries. However, the inherent uncertainty of wind generators does not allow them to participate in the forward electricity markets. In this paper, we foster a tighter integration of wind power into electricity markets by using a multi-agent coalition formation approach to form virtual power plants of wind generators and elect...

Wind power is becoming a significant source of electricity in many countries. However, the inherent uncertainty of wind generators does not allow them to participate in the forward electricity markets. In this paper, we foster a tighter integration of wind power into electricity markets by using a multi-agent coalition formation approach to form virtual power plants of wind generators and elect...

In this study, cooperation between Stockholm’s transport and district heating sectors is analysed. The cooperation concerns the integration of biofuel polygeneration production. A MODEST optimisation model framework is used, assuming various energy market and transport sector scenarios for the year 2030. The scenarios with biofuel production and increased biofuel use in the region are compared ...

Solar energy plays an important role in the global energy framework for future. Comparing with conventional generation systems using fossil fuels, the cost structure of photovoltaic (PV) systems is different: the capital cost is higher while the operation cost is negligible. Reliabilities of the PV system can also influence the cost for producing electricity. Investors, planners and regulators ...