Friday, September 9, 2022
10:20 – 11:10 a.m. (CST)
Virtual via Zoom: https://tamu.zoom.us/j/93347193479 (password in emails or syllabus)
Dr. Subhonmesh Bose
Assistant Professor, University of Illinois Urbana Champaign
Title: “Modeling Risk in Power System Operations and Planning”
- How you model risk should depend on how you can optimize against it
- Primal-dual algorithms for risk-sensitive optimization
Integration of variable renewable and distributed energy resources in the grid makes demand and supply conditions uncertain. In this talk, we will first explore electricity market design for daily operations that explicitly models power delivery risks and system constraint violation risks. Then, we will discuss the distributed solar hosting capacity problem that considers said risks in electricity infrastructure planning. Throughout the talk, we will encode risks via the conditional value at risk (CVaR) measure, properties of which allow efficient, often customized, algorithm design for optimization, and facilitate the definition of economically meaningful prices in market design contexts.
Dr. Subhonmesh Bose is an Assistant Professor and Stanley Helm Fellow in the Department of Electrical and Computer Engineering at UIUC. His research focuses on facilitating the integration of renewable and distributed energy resources into the grid, leveraging tools from optimization, control and game theory. Before joining UIUC, he was a postdoctoral fellow at the Atkinson Center for Sustainability at Cornell University. Prior to that, he received his MS and Ph.D. degrees from Caltech in 2012 and 2014, respectively. He received the NSF CAREER Award in 2021. His research projects have been supported by grants from NSF, PSERC, Siebel Energy Institute and C3.ai, among others.
More Info: http://boses.ece.illinois.edu/
Please join on Friday, 9/9/22 at 10:20 a.m. via Zoom.