Finish smart grid ethan version, took half a hour
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3-smart-grid-ethan.md
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# Smart Grid Ethan Version
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## Definition
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- Definition of electrical grid:
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- Power station does **generation and storage**
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- Transformers, lines are the **transmission** and **distribution**
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- Electricity retailer sell electricity to **consumers**
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## Present state
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- same as above
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- Generation
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- Transmission
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- Distribution
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- TO customer
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- Industrial, commercial, residential
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## Perspective
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- Combine present grid grid with new technology: present + future
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- Futuristic grid: reasons
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- New technologies
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- Customer likes improvements
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- More data
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- AI
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- Climate change
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## Challenges
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- Pattern of electricity usage varies
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- Renewable energy are not continuous (intermittent)
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- Seasonality: Summer and winter differences
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- Power plants has different responding times and prices
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- Electric trading is complex (P2P electricity)
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- Usage of Electric stuff: EV, IoT
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- Climate change
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- Network transmission need the capacity
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## Electricity market
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- A market mechanism to buy additional energy when demand is high, and sell when
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demand is low.
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- High demand and low supply causes price increase
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- Low demand and high supply cause price decrease
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- Introduce a exchange market, that electricity resellers and major consumers
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can buy from both exchange and from power plants
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## Data flow
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### Intro (WTF)
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- ![stuff ahh](./assets/3-ethan-smart-grid-data-flow.webp)
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### Integrating data with ML
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- For demand forecasting: for the demand in the long term
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- Use population data, energy price, share of renewable energy and GDP to
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predict future energy consumption
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- Demand time series forecasting: for the demand in a time interval
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- ![example 1](./assets/3-ethan-smart-grid-forecasting-1.webp)
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- ![example 2](./assets/3-ethan-smart-grid-forecasting-2.webp)
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## Summary
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- The problems:
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- Cost (Equity)
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- Sustainability (Green)
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- Security
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## Examples
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### Shell energy
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- Battery and energy trading
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- ![shit](./assets/3-ethan-smart-grid-shell.webp)
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### TESLA
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- Megapack project: stores energy for the grid reliably and safely.
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- Each unit store a lot of energy, and withstands extreme weathers
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assets/3-ethan-smart-grid-forecasting-1.webp
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