By a News Reporter-Staff News Editor at Energy Weekly News -- Fresh data on Energy are presented in a new report. According to news originating from Mesa, Arizona, by VerticalNews correspondents, research stated, "Distributed energy resources are becoming increasingly common and forcing change in conventional energy markets with growing attention given to transactive energy networks that allow power trading between neighboring microgrids or distributed energy resources customers to supplement transactions with an electric utility. This study develops and evaluates a generalizable method for managing energy trading between microgrids in a grid-connected network through multi-agent techniques."
Financial supporters for this research include Office of Naval Research, Naval Enterprise Partnership Teaming with Universities for National Excellence, National Science Foundation Graduate Research Fellowship.
Our news journalists obtained a quote from the research from Arizona State University, "The approach is demonstrated for a 3-node network and a 9-node network for a simulated year with hourly load and solar data for each unique microgrid agent. Results are compared against baseline networks without trading enabled to quantify a 3.6% and 5.4% reduction in the levelized cost of energy, respectively, with trading enabled for the 3-node and 9-node cases. Local energy storage capacities are varied to examine impact on the levelized cost of energy and trading behaviors."
According to the news editors, the research concluded: "Results indicate that trading between microgrids reduces the levelized cost of energy for each individual node and the whole network, and that certain trends emerge between agents that allow some microgrids to operate at a lower cost than others."
For more information on this research see: Scalable multi-agent microgrid negotiations for a transactive energy market. Applied Energy, 2018;229():715-727. Applied Energy can be contacted at: Elsevier Sci Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, Oxon, England. (Elsevier - www.elsevier.com; Applied Energy - www.journals.elsevier.com/applied-energy/)
The news correspondents report that additional information may be obtained from S.A. Janko, Arizona State University, Ira A Fulton Sch Engn, Polytechnic Sch, Mesa, AZ 85212, United States.
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.apenergy.2018.08.026. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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