Ontology highlight
ABSTRACT:
SUBMITTER: El-Ghandour L
PROVIDER: S-EPMC5514359 | biostudies-literature | 2017 Aug
REPOSITORIES: biostudies-literature
El-Ghandour Laila L Johnson Timothy C TC
Philosophical transactions. Series A, Mathematical, physical, and engineering sciences 20170801 2100
We present a methodology for assessing the economic impact of power storage technologies. The methodology is founded on classical approaches to the optimal stopping of stochastic processes but involves an innovation that circumvents the need to, <i>ex ante</i>, identify the form of a driving process and works directly on observed data, avoiding model risks. Power storage is regarded as a complement to the intermittent output of renewable energy generators and is therefore important in contributi ...[more]