Princeton University Library Catalog
- Phillips, Julia Anne [Browse]
- Senior thesis
- Kornhauser, Alain [Browse]
- Princeton University. Department of Operations Research and Financial Engineering [Browse]
- Class year:
- 53 pages
- Summary note:
- The following study contains a microgrid renewable energy portfolio optimization
model. There is much debate around the topic of microgrids at present, and many
scholars model the theoretical microgrid’s optimal consumption portfolio in theory.
However, to achieve a higher resolution of information from one’s microgrid model,
it is best to choose one location’s unique climate and consumption data in particular
to use in one’s model.
This model does so, and notes the effects that the unique traits of each district
has on the overall portfolio of renewable energy. It is based on data modeling consumption
behaviors, solar irradiance values, and historical climate data pertaining
to Mercer County, New Jersey. This site’s profile will serve as the testing ground
for hypotheses related to how renewable energy intermittency, consumption levels,
urbanization, microgrid size, and income levels effect the optimal mix of renewable
energy generators in microgrids.