Smart Energy Frameworks for Smart Cities: The Need for Polycentrism

Abstract

Rapid growth in megacities has prompted deep transformations intended to change sociotechnical systems, deep social and institutional practices, and scientific inquiries to better understand energy and material flows of cities. Typically, these processes are defined by sociotechnical experimentation and purposive reshaping of the synergies between jurisdictions, sectors, and technical solutions required to optimize resource management and improve institutional diversity

Principal component analysis of day‐ahead electricity price forecasting in CAISO and its implications for highly integrated renewable energy markets

“…Notably, the results emphasize the rising importance of technological innovations and the integration of renewable energy in highly renewable energy markets like CAISO. They also address challenges stemming from shifts in the generation mix, regulatory environment, and the integration of variable renewable energy sources (Acemoglu et al, 2017;Fox-Penner, 2020;Nyangon, 2021a;Nyangon & Byrne, 2018). By combining outlier removal methods, PCA-based feature transformations, and supervised learning techniques, they can enhance forecasting accuracy by minimizing heteroskedastic noise.…”

Introductory Chapter: Sustainable Energy Investment and the Transition to Renewable Energy-Powered Futures

“…Expectations about the market, policy and technological impact of sustainable energy investment continue to evolve. As evidence of the impact of climate change intensifies, consumers and communities are taking action to support a clean energy future and address institutional capacity gaps in public and private investments that hinder the value of decarbonization and adoption of smart energy frameworks [22]. To this end, governments and organizations are beginning to prioritize key innovations that promote clean energy investment readiness.…”

“…For example, to realize high penetration of renewable electricity generation, a clear long-term pathway exists in reimagining the electric grid. Three pillars of this reimagined grid include (a) decarbonizing the electric power supply through the growth of carbon-free power generation sources to improve reliability, affordability and environmental impact of the electricity, and stimulate local economic development, (b) electrification of transportation and buildings, and (c) sequestering the remaining carbon through carbon capture technologies [8,12,[14][15][16]22]. These are vital socioeconomic goals achieved through investment in inverter-based resources (solar, wind, and energy storage).…”

Off-chain trading for micro grid systems

“…This contingency gives the opportunity to reconsider the idea of city to find possible improvements in citizens' health and quality of life, obtainable by means of a new governance approaches and urban planning towards sustainability (Quitzow and Rohde, 2021;Raco, 2020). With an attentive spotlight on decentralization and optimization of energy production, humanity may eliminate polluting, land consuming, and unsustainable power plants, especially those supplied by fossil fuels (Fonseca et al, 2021;Nyangon, 2020). The decentralization aspect has a focal importance in the implementation of the so-called "Smart Cities": cities connected with decentralized smart objects to help communities in the governance of their urban areas, promoting high quality of life and improving environmental health (Toan and Nhu, 2020).…”