Offshore wind energy has a great story to tell. We need to make sure it’s told right.
In physics energy is simple. It is the fundamental capacity of a system to do work and, as far as we can know, follows well-defined natural laws. But things get complicated very quickly once human beings are added to the picture. Tapping the myriad energy resources of our planet, converting them into usable forms and transporting them to places where we want them have posed some of the defining engineering challenges of the last 200 years.
Engineering is just one part of an energy system that is becoming ever more complex. Access to some form of energy is a prerequisite for almost all economic activity and has a direct effect on the quality of people’s lives. “Keeping the lights on”—ensuring reliable, affordable supplies of energy—is a policy puzzle that has confounded governments around the world. …READ MORE
If you were to participate in an energy market, how much money could you save if you were able to predict not only what the future demand of energy would be, but also where it would be demanded? Even better, what if you knew exactly who was going to be demanding it? The answer varies, but for a deregulated competitive energy market, this question may mean the difference between profit and loss. Any ability to improve the understanding of future load behavior in a specific market sector or geography can help mitigate risk, gain competitive advantage, and gather market intelligence before your competitors can.
Load forecasting has been around for decades and is actively researched in electrical engineering and statistics. As a result, today, the industry has many advanced tools and software products at its disposal that have shown to be reasonably accurate. However, these methods have by and large been limited to using historical data in order to fit highly aggregate regional forecasting models. Furthermore, in the context of a competitive energy market, chances are that the most accurate predictive tools and strategies rest with those competitors with the deepest pocket. For those that don’t have in house predictive analytics, bidding strategies depend on forecasts provided by the RTO or ISO. …READ MORE
Nuclear Power Plant (NPP) Cyber Security―the protection of valuable nuclear safeguards information in digital form and NPP Nuclear Safety Systems (NSS) digital components against internal and external cyber threats is an increasingly critical management issue for nuclear power plants (NPP) today. Additionally, the current administration has identified cyber security as “one of the most serious economic and national security challenges we face as a nation.” Given this, the NPP cyber security challenges are to (1) continue the ongoing excellence in reliability and availability of the facility, (2) stay on top of their cyber security compliance requirements of Code of Federal Regulations, Part 73, Section 54 Protection of Digital Computer and Communication Systems and Networks (10CFR73.54) with the Nuclear Regulatory Commission (NRC), and (3) meet the applicable compliance requirements of the North American Electric Reliability Corporation’s (NERC) Reliability Standards. …READ MORE