Design Flexibility for Uncertain Distributed Generation from Photovoltaics
Uncertainty in the future adoption patterns for distributed energy resources (DERs) introduces a challenge for electric distribution system planning. This paper explores the potential for flexibility in design - also known as real options - to identify design solutions that may never emerge when future DER patterns are treated as deterministic. A test case for storage system design with uncertain distributed generation for solar photovoltaics (DGPV) demonstrates this approach and is used to study sensitivities to a range of techno-economic assumptions.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), NREL Laboratory Directed Research and Development (LDRD)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1344445
- Report Number(s):
- NREL/CP-5D00-66762
- Resource Relation:
- Conference: Presented at the 2016 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference (ISGT), 6-9 September 2016, Minneapolis, Minnesota
- Country of Publication:
- United States
- Language:
- English
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