This book presents theoretical, technical, and practical information on the modernization of future energy networks. All the basic requirements covering concepts, modeling, optimizing, and analyzing of future energy grids with various energy carriers such as electricity, gas, heat, and water, as well as their markets and contracts, are explained in detail. The main focus of the book is on modernizing both the energy consumers and the energy producers and analyzing various aspects of grid modernization such as reliability, resiliency, stability, and security. Coverage includes advanced communication protocols and solution methods for the Internet of Energy (IoE) infrastructure and energy trading in future energy grids with high/full share of renewable energy resources (RERs) within the transactive energy (TE) paradigm. Probabilistic modeling and optimizing of modern grids will be evaluated using realistic case studies considering the economic aspects of multi-carrier energy markets. This book will be welcomed as an important resource by researchers and postgraduate students studying energy systems, as well as practicing engineers working on modernizing energy grids and the design, planning, scheduling, and operation of smart power systems. Proposes practical solutions for solving the challenges of modern multi-carrier energy grids; Examines various types of energy storage systems and distributed energy resources (DERs) with an emphasis on renewable energy resources (RERs); Provides comprehensive mathematical models for optimizing of future modern multi-carrier energy grids.

This book presents theoretical, technical, and practical information on the modernization of future energy networks. All the basic requirements covering concepts, modeling, optimizing, and analyzing of future energy grids with various energy carriers such as electricity, gas, heat, and water, as well as their markets and contracts, are explained in detail. The main focus of the book is on modernizing both the energy consumers and the energy producers and analyzing various aspects of grid modernization such as reliability, resiliency, stability, and security. Coverage includes advanced communication protocols and solution methods for the Internet of Energy (IoE) infrastructure and energy trading in future energy grids with high/full share of renewable energy resources (RERs) within the transactive energy (TE) paradigm. Probabilistic modeling and optimizing of modern grids will be evaluated using realistic case studies considering the economic aspects of multi-carrier energy markets. This book will be welcomed as an important resource by researchers and postgraduate students studying energy systems, as well as practicing engineers working on modernizing energy grids and the design, planning, scheduling, and operation of smart power systems. Proposes practical solutions for solving the challenges of modern multi-carrier energy grids; Examines various types of energy storage systems and distributed energy resources (DERs) with an emphasis on renewable energy resources (RERs); Provides comprehensive mathematical models for optimizing of future modern multi-carrier energy grids.

Smart grids are for everyone but require the vision and investment plans for grid modernization. This document provides some practical elements on how to develop a smart grid vision and investment plan with a focus on the distribution side and also briefly discusses finance and regulatory issues.

Electrical grids worldwide are experiencing major changes in terms of energy generation, transmission, delivery, and distribution in order to enhance the entire system’s control, reliability, efficiency, and safety. Advanced energy systems and technologies such as renewable sources of energy, energy storage systems, and electric vehicles (EVs) as well as equipment such as sensors, smart meters, and communication devices along with innovations in computing technologies, machine learning, and data analytics are used to modernize the electric grid and the way it is planned, operated, and managed. This book provides an overview of several aspects of grid modernization including micro-grids, smart grids, energy storage, and communication systems.