An electricity microgrid is an energy system consisting of local electricity generation, local loads (or energy consumption) and storage capacities.
Energy microgrids face a dual stochastic-deterministic structure: one of the main challenges to meet when operating microgrids is to find storage strategies capable of handling uncertainties related to future electricity production and consumption; besides this, microgrids also have the characteristics that their dynamics deterministically reacts to storage management actions.
Microgrid Management with AI
Since the agent has no information about the future, it builds up (during the night) a sufficient reserve in the short-term storage device so as to be able to face the next day consumption without suffering too much loss load. It also avoids wasting energy (when the short-term storage is full) by storing in the long-term storage device whenever possible. Such algorithms can deliver on average 33% cost savings and 16% LEC improvements due to more optimized utilization of energy assets.See Tableau Workbook