Goran Strbac, Department of Electrical and Electronic Engineering, Imperial College, UK.

Public Lecture
Quantifying the value of flexibility in future lower carbon energy systems

Addressing the challenge of degradation in asset utilisation in future low carbon energy systems, will require radially enhanced integration of energy infrastructures, including application of novel flexible technologies and solutions. Furthermore, there is very significant uncertainty regarding the future system evolution and which imposes very substantial challenges associated with developing planning strategies to ensure robustness. In this context, this talk will focus on assessing the value of flexible technologies through comprehensive system models that simultaneously balance long-term investment related decisions against short-term operation-related decisions across the entire system. This will also include application of advanced stochastic models for optimisation of system operation and planning under uncertainty and quantification of the option value of emerging technologies

Doors open 17:30. The talk will be followed by an informal reception to which ticket holders are invited.