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Vehicle-to-grid
Vehicle-to-grid (V2G), also known as Vehicle-to-home (V2H) or Vehicle-to-load (V2L) describes a system in which plug-in electric vehicles (PEV) sell demand response services to the grid. Demand services are either delivering electricity or by reducing their charging rate. Demand services reduce pressure on the grid, which might otherwise experience disruption from load variations. Plug-in electric vehicles include battery electric vehicles (BEV), plug-in hybrids (PHEV), and hydrogen vehicles. They share the ability to generate electricity. That electricity is typically used to power the vehicle. However, at any given time 95% of cars are parked, while their energy sits unused. V2G envisions sending some of the stored power to the grid (or reducing charge rates to pull less power from the grid). A 2015 report found that vehicle owners could receive significant payments. Batteries have a finite number of charging cycles, as well as a shelf-life, therefore V2G can impact battery l ...
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Plug-in Hybrid
A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle whose battery pack can be recharged by plugging a charging cable into an external electric power source, in addition to internally by its on-board internal combustion engine-powered generator. Most PHEVs are passenger cars, but there are also PHEV versions of commercial vehicles and vans, utility trucks, buses, trains, motorcycles, mopeds, and even military vehicles. Similar to all-electric vehicles (BEVs), PHEVs displace greenhouse gas emissions from the car tailpipe exhaust to the power station generators powering the electricity grid. These centralized generators may be of renewable energy (e.g. solar, wind or hydroelectric) and largely emission-free, or have an overall lower emission intensity than individual internal combustion engines. Compared to conventional hybrid electric vehicles (HEVs), PHEVs have a larger battery pack that can be charged from the power grid, which is also more eff ...
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Plug-in Electric Vehicle
A plug-in electric vehicle (PEV) is any road vehicle that can utilize an external source of electricity (such as a wall socket that connects to the power grid) to store electrical power within its onboard rechargeable battery packs, which then powers the electric motor and contributes to propelling the wheels. PEV is a subset of electric vehicles, and includes all-electric/battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs). ''See definition on pp. 2.'' Sales of the first series production plug-in cars began in December 2008 with the introduction of the plug-in hybrid BYD F3DM, and then with the all-electric Mitsubishi i-MiEV in July 2009, but global retail sales only gained traction after the introduction of the mass production all-electric Nissan Leaf and the plug-in hybrid Chevrolet Volt in December 2010. Plug-in electric cars have several benefits compared to conventional internal combustion engine vehicles. All-electric vehicles have lower oper ...
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Duck Curve
The duck curve is a graph of power production over the course of a day that shows the timing imbalance between peak demand and renewable energy production. Used in utility-scale electricity generation, the term was coined in 2012 by the California Independent System Operator. Solar power In some energy markets, daily peak demand occurs after sunset, when solar power is no longer available. In locations where a substantial amount of solar electric capacity has been installed, the amount of power that must be generated from sources other than solar or wind displays a rapid increase around sunset and peaks in the mid-evening hours, producing a graph that resembles the silhouette of a duck.Paul Denholm, Matthew O'Connell, Gregory Brinkman, and Jennie Jorgenson.Overgeneration from Solar Energy in California: A Field Guide to the Duck Chart NREL/TP-6A20-65023. '' National Renewable Energy Laboratory'', November 2015 In Hawaii, significant adoption of solar generation has led ...
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Peak Demand
Peak demand on an electrical grid is simply the highest electrical power demand that has occurred over a specified time period (Gönen 2008). Peak demand is typically characterized as annual, daily or seasonal and has the unit of power. Peak demand, peak load or on-peak are terms used in energy demand management describing a period in which electrical power is expected to be provided for a sustained period at a significantly higher than average supply level. Peak demand fluctuations may occur on daily, monthly, seasonal and yearly cycles. For an electric utility company, the actual point of peak demand is a single half-hour or hourly period which represents the highest point of customer consumption of electricity. At this time there is a combination of office, domestic demand and at some times of the year, the fall of darkness. Some utilities will charge customers based on their individual peak demand. The highest demand during each month or even a single 15 to 30 minute period ...
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Inverters
A power inverter, inverter or invertor is a power electronic device or circuitry that changes direct current (DC) to alternating current (AC). The resulting AC frequency obtained depends on the particular device employed. Inverters do the opposite of rectifiers which were originally large electromechanical devices converting AC to DC. The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source. A power inverter can be entirely electronic or may be a combination of mechanical effects (such as a rotary apparatus) and electronic circuitry. Static inverters do not use moving parts in the conversion process. Power inverters are primarily used in electrical power applications where high currents and voltages are present; circuits that perform the same function for electronic signals, which usually have very low currents and vol ...
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California Independent System Operator
The California Independent System Operator (CAISO) is a non-profit Independent System Operator (ISO) serving California. It oversees the operation of California's bulk electric power system, transmission lines, and electricity market generated and transmitted by its member utilities. The CAISO is one of the largest ISOs in the world, delivering 300 million megawatt-hours of electricity each year and managing about 80% of California's electric flow. History The California Legislature created the CAISO in 1998 as part of the state restructuring of electricity markets. The legislature was responding to Federal Energy Regulatory Commission (FERC) recommendations following the passage of the federal Energy Policy Act of 1992, which removed barriers to competition in the wholesale generation of electricity business. FERC regulates CAISO because interstate transmission lines fall under the jurisdiction of federal commerce laws. Management CAISO's leadership consists of executiv ...
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Frequency Response (electrical Grid)
Power system operations is a term used in electricity generation to describe the process of decision-making on the timescale from one day (day-ahead operation) to minutes prior to the power delivery. The term power system control describes actions taken in response to unplanned ''disturbances'' (e.g., changes in demand or equipment failures) in order to provide reliable electric supply of acceptable quality. The corresponding engineering branch is called Power System Operations and Control. Electricity is hard to store, so at any moment the supply (generation) shall be balanced with demand ("grid balancing"). In an electrical grid the task of real-time balancing is performed by a regional-based control center, run by an electric utility in the traditional ( vertically integrated) electricity market. In the restructured North American power transmission grid, these centers belong to '' balancing authorities'' numbered 74 in 2016, the entities responsible for operations are also c ...
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Utrecht
Utrecht ( , , ) is the fourth-largest city and a municipality of the Netherlands, capital and most populous city of the province of Utrecht. It is located in the eastern corner of the Randstad conurbation, in the very centre of mainland Netherlands, about 35 km south east of the capital Amsterdam and 45 km north east of Rotterdam. It has a population of 361,966 as of 1 December 2021. Utrecht's ancient city centre features many buildings and structures, several dating as far back as the High Middle Ages. It has been the religious centre of the Netherlands since the 8th century. It was the most important city in the Netherlands until the Dutch Golden Age, when it was surpassed by Amsterdam as the country's cultural centre and most populous city. Utrecht is home to Utrecht University, the largest university in the Netherlands, as well as several other institutions of higher education. Due to its central position within the country, it is an important hub for both rail and road t ...
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V2GEnabledEVFastCharger
V, or v, is the twenty-second and fifth-to-last letter in the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''vee'' (pronounced ), plural ''vees''. History The letter V ultimately comes from the Phoenician letter '' waw'' by way of U. See U for details. During the Late Middle Ages, two minuscule glyphs of U developed which were both used for sounds including and modern . The pointed form "v" was written at the beginning of a word, while a rounded form "u" was used in the middle or end, regardless of sound. So whereas "valour" and "excuse" appeared as in modern printing, "have" and "upon" were printed as "haue" and "vpon". The first distinction between the letters "u" and "v" is recorded in a Gothic script from 1386, where "v" preceded "u". By the mid-16th century, the "v" form was used to represent the consonant and "u" the vowel sound, giving us the modern letter ...
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Arbitrage
In economics and finance, arbitrage (, ) is the practice of taking advantage of a difference in prices in two or more markets; striking a combination of matching deals to capitalise on the difference, the profit being the difference between the market prices at which the unit is traded. When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state; in simple terms, it is the possibility of a risk-free profit after transaction costs. For example, an arbitrage opportunity is present when there is the possibility to instantaneously buy something for a low price and sell it for a higher price. In principle and in academic use, an arbitrage is risk-free; in common use, as in statistical arbitrage, it may refer to ''expected'' profit, though losses may occur, and in practice, there are always risks in arbitrage, some minor (such as fluctuation of prices decreasing prof ...
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ELRP
Demand response is a change in the power consumption of an electric utility customer to better match the demand for power with the supply. Until the 21st century decrease in the cost of pumped storage and batteries electric energy could not be easily stored, so utilities have traditionally matched demand and supply by throttling the production rate of their power plants, taking generating units on or off line, or importing power from other utilities. There are limits to what can be achieved on the supply side, because some generating units can take a long time to come up to full power, some units may be very expensive to operate, and demand can at times be greater than the capacity of all the available power plants put together. Demand response seeks to adjust the demand for power instead of adjusting the supply. Utilities may signal demand requests to their customers in a variety of ways, including simple off-peak metering, in which power is cheaper at certain times of the day ...
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