Research Overview

The main goal of our research is to improve the understanding of the complex interactions between engineering, economics, and policy in electricity markets, and ultimately enable the transition towards a cost efficient and reliable low-carbon energy system. We are particularly interested in integration of renewable energy and energy storage into a smarter electricity grid. Towards this end, we use methods from operations research and decision science combined with fundamental principles of electrical power engineering and energy economics. At a more general level, our research focuses on decision making under uncertainty in complex systems.

Research interests include:

  • Electricity market design
  • Grid integration of renewable energy
  • Energy storage, demand response, smart grid solutions
  • Energy system transition and decarbonization analysis
  • Planning and operation of low-carbon energy systems
  • Forecasting of wind and solar power
  • Stochastic optimization and decision-making under uncertainty
  • Large-scale optimization, modeling, and simulation

Current research projects include:

  • Price formation in zero-carbon electricity markets
  • Efficient decarbonization strategies
  • Electrification and decarbonization of transportation fleets
  • Generation expansion and resource adequacy in electricity markets with renewable energy
  • Energy storage optimization for grid integration of renewable energy
  • Hydropower as a flexibility provider in zero-carbon electricity markets
  • Improved analytics for urban energy distribution grids
  • Smart temperature control in buildings

Recent research projects include:

  • Risk management in electricity markets
  • Electrify Italy
  • The role of renewable energy and natural gas in the future Indian power grid
  • The role of energy storage in distributed power systems
  • Improved production cost models for power systems with renewable energy
  • Stochastic methods in power system operations with wind power
  • Competitiveness of nuclear energy in electricity markets with increasing shares of renewable energy
  • Wind power forecasting and its use in electricity markets
  • Agent-based modeling of electricity markets

Sponsors include: