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Title: HERON as a Tool for LWR Market Interaction in a Deregulated Market

Abstract

This document reports the development of HERON (Holistic Energy Resource Optimization Network), a newly-developed RAVEN (Risk Analysis Virtual ENvironment) plugin for grid and capacity optimization, to technoeconomic analysis in a deregulated market. A short description of the HERON plugin is provided, and the release process is described. HERON as a plugin enables RAVEN to perform stochastic technoeconomic analysis of grid-energy systems in a generic approach. The primary function of HERON is to generate the complex RAVEN workflows necessary to optimize component capacities under stochastic systems. HERON is capable of analyzing systems with complex components transferring a variety of commodities, including production components and varied markets. HERON is capable of optimizing high-resolution dispatch for such systems and guiding stochastic optimization algorithms in RAVEN for finding optimal component capacities. In particular, this document demonstrates the application of HERON to systems with deregulated markets.

Authors:
ORCiD logo [1];  [1];  [1]; ORCiD logo [1]; ORCiD logo [1]; ORCiD logo [1]
  1. Idaho National Laboratory
Publication Date:
Research Org.:
Idaho National Lab. (INL), Idaho Falls, ID (United States)
Sponsoring Org.:
USDOE Office of Nuclear Energy (NE)
OSTI Identifier:
1581179
Report Number(s):
INL/EXT-19-56933-Rev000
DOE Contract Number:  
DE-AC07-05ID14517
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
97 - MATHEMATICS AND COMPUTING; 29 - ENERGY PLANNING, POLICY AND ECONOMY; HERON; RAVEN; Economic Dispatch; Deregulated Market

Citation Formats

Talbot, Paul W, Gairola, Abhinav, Prateek, Prerna, Alfonsi, Andrea, Rabiti, Cristian, and Boardman, Richard D. HERON as a Tool for LWR Market Interaction in a Deregulated Market. United States: N. p., 2020. Web. doi:10.2172/1581179.
Talbot, Paul W, Gairola, Abhinav, Prateek, Prerna, Alfonsi, Andrea, Rabiti, Cristian, & Boardman, Richard D. HERON as a Tool for LWR Market Interaction in a Deregulated Market. United States. doi:10.2172/1581179.
Talbot, Paul W, Gairola, Abhinav, Prateek, Prerna, Alfonsi, Andrea, Rabiti, Cristian, and Boardman, Richard D. Mon . "HERON as a Tool for LWR Market Interaction in a Deregulated Market". United States. doi:10.2172/1581179. https://www.osti.gov/servlets/purl/1581179.
@article{osti_1581179,
title = {HERON as a Tool for LWR Market Interaction in a Deregulated Market},
author = {Talbot, Paul W and Gairola, Abhinav and Prateek, Prerna and Alfonsi, Andrea and Rabiti, Cristian and Boardman, Richard D},
abstractNote = {This document reports the development of HERON (Holistic Energy Resource Optimization Network), a newly-developed RAVEN (Risk Analysis Virtual ENvironment) plugin for grid and capacity optimization, to technoeconomic analysis in a deregulated market. A short description of the HERON plugin is provided, and the release process is described. HERON as a plugin enables RAVEN to perform stochastic technoeconomic analysis of grid-energy systems in a generic approach. The primary function of HERON is to generate the complex RAVEN workflows necessary to optimize component capacities under stochastic systems. HERON is capable of analyzing systems with complex components transferring a variety of commodities, including production components and varied markets. HERON is capable of optimizing high-resolution dispatch for such systems and guiding stochastic optimization algorithms in RAVEN for finding optimal component capacities. In particular, this document demonstrates the application of HERON to systems with deregulated markets.},
doi = {10.2172/1581179},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2020},
month = {1}
}

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