New approach to energy management in microgrids

Researchers from Australia's Monash University have developed an energy exchange framework to manage distributed energy resources and help consumers lower their power costs.From pv magazine Australia Energy consumers are effectively lowering their power costs as electricity grids continue to evolve amid rising adoption of renewable distributed energy resources (DERs), including rooftop PV, battery storage, and electric vehicles. But in order to maximize the individual value of these assets, DER owners should be enabled to participate in different markets for grid support services, backed by energy ...

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