Funding entity Massachusetts Institute of Technology (MIT)
The objective of this project is to develop and demonstrate an electric energy management system based on aggregation of clients’ behavior, which are located all over the distribution network, and to propose new business models that allow the efficiency improvement of the electric system. In this context, efficiency refers to the reduction of CO2 emissions, maximum usage of distributed renewable energy sources, and the increment of benefits for users, distributors and aggregators/retailers.
To this purpose, the following sub-objectives are proposed:
• To determine the benefits, in a detailed way, that result from the aggregation of clients’ behavior in comparison to the non-aggregated demand approach.
• To determine the requirements of systems and aggregation limits by running simulations that emulate the behaviour of real clients and markets.
• To develop control algorithms for the optimal aggregation to make more efficient the electric system.
• To optimize the resources that the clients should implement in order to get the maximum profit of the aggregation.
2013 MIT-SkTech Seed Fund