Optimal Real-time Dispatch for Integrated Energy Systems

Abstract

First paragraph of Abstract follows:  This report describes the development and application of a dispatch optimization algorithm for integrated energy systems (IES) comprised of on-site cogeneration of heat and electricity, energy storage devices, and demand response opportunities.  This work is intended to aid commercial and industrial sites in making use of modern computing power and optimization algorithms to make informed, near- optimal decisions under significant uncertainty and complex objective functions.  The optimization algorithm uses a finite set of randomly generated future scenarios to approximate the true, stochastic future; constraints are included that prevent solutions to this approximate problem from deviating from solutions to the actual problem.  The algorithm is then expressed as a mixed integer linear program, to which a powerful commercial solver is applied.