Stochastic Information Management in Microgrid Operations

Designed to supply electrical and heat loads in local areas based on distributed energy resources, microgrids can significantly reduce power transmission and distribution losses and improve the utilization of renewable energy. Given the randomness in renewable power generation, and the buffering effect of energy storage devices and various customer behavior patterns, stochastic information management employment of stochastic modeling and optimization techniques for information processing and decision making is critical for microgrid operations to ensure system efficiency, reliability and sound economics.