This paper proposes an energy management strategy for a residential electrothermal microgrid, based on renewable energy sources. While grid connected, it makes use of a hybrid electrothermal storage system, formed by a battery and a hot water tank along with an electrical water heater as a...

Efficient, accurate, multi-dimensional, numerical integration has become an important tool for approximating the integrals which arise in modern economic models built on unobserved heterogeneity, incomplete information, and uncertainty. This paper demonstrates that polynomialbased rules...

Offshore wind is one of the most fascinating industries in the renewable energy sector and it is experiencing a remarkable growth. Offshore wind energy generation offers an opportunity in the race to decrease the dependence on fossil fuels, reduce green house emissions, increase energy security...

This paper presents high renewable electricity penetration scenarios in the United States using detailed capacity expansion modeling that is designed to properly account for the variability and uncertainty of wind and solar resources. The scenarios focus solely on the electricity system, an...