2015
DOI: 10.2172/1235572
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Value Streams in Microgrids: A literature Review

Abstract: Microgrids are an increasingly common component of the evolving electricity grids with the potential to improve local reliability, reduce costs, and increase penetration rates for distributed renewable generation. The additional complexity of microgrids often leads to increased investment costs, creating a barrier for widespread adoption. These costs may result directly from specific needs for islanding detection, protection systems and power quality assurance that would otherwise be avoided in simpler system … Show more

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Cited by 15 publications
(8 citation statements)
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“…In general, the economic value of a constant emergency backup power supply is difficult to determine. The value of the lost load depends on many factors 12 , and in the setting of a research building, it is highly dependent on the type of experiments being run, the number of samples, and the treatment of the samples at the time of a blackout. Thus, calculating the value of the lost load would require additional information, which is beyond the scope of the current dataset publication.…”
Section: Methodsmentioning
confidence: 99%
“…In general, the economic value of a constant emergency backup power supply is difficult to determine. The value of the lost load depends on many factors 12 , and in the setting of a research building, it is highly dependent on the type of experiments being run, the number of samples, and the treatment of the samples at the time of a blackout. Thus, calculating the value of the lost load would require additional information, which is beyond the scope of the current dataset publication.…”
Section: Methodsmentioning
confidence: 99%
“…Energy reliability is one of the most important, and the most difficult value to achieve. Keeping the power flowing when the main grid is off often the main reason why customers choose to install microgrids [1]- [3]. So the critical question here is: What is the cost of a power outage.…”
Section: Introductionmentioning
confidence: 99%
“…As the world's energy and environmental problems become increasingly serious, the construction of microgrid has received increasing attention [1]. The development of microgrid is conducive to promoting the local production and consumption of RE and reducing the demand of load centres for external power [2]. Distributed generation (DG), including WT, PV, and diesel generator, satisfies the entire electric load of the microgrid under the isolated mode operation.…”
Section: Introductionmentioning
confidence: 99%