This paper examines the feasibility of three scenarios for reducing the unreliability inherent in traditional and clean energy creation. One scenario uses pumped hydro to store non-peak energy from solar or wind plants. Another scenario investigates the use of pumped hydro for storing non-peak...

This paper illustrates how to assess the risk associated with solar and wind farm energy creation by identifying the critical operational factors and then developing multivariate models. The study reveals that a dependence on solar and wind could place consumers at risk of interrupted service...

The efficient integration of wind in the energy market is limited by its natural variability and predictability. This limitation can be tackled by using the probabilistic predictions that provide accurate deterministic forecasts along with a quantification of their uncertainty. We propose as a...

The wind resource and energy assessment is key to a wind farm development project. It allows for establishing the feasibility and economic viability of the project over the typical 10- to 30-year lifetime of a wind farm. Recent studies show that the accuracy of assessments has substantial room...

Purpose – The purpose of this paper is to quantify external and internal uncertainties in product design process. The research addresses the measure of product future changes. Design/methodology/approach – Two methods are proposed to model and quantify uncertainty in the product life cycle....

Carbon capture and storage (CCS) has been demonstrated as a viable option for reducing carbon emissions to the atmosphere. We consider a situation where a tax on emissions is imposed on carbon dioxide (CO2) producers to encourage their participation in CCS. Operators of CO2 transportation...