Cost Benefit Analysis and Data Analytics for Renewable Energy and Electrical Energy Storage

A deterministic approach for sizing solar photovoltaic (PV) and energy storage system (ESS) with Anaerobic digestion (AD) biogas power plant (BPP) to meet load demand will be presented. This aims to maximize the sizing of PV as to follow the future trend of high penetration of PV. Energy economics for electrical energy storage will also be included to increase security of power supply. Case study based on real-life data will be used to demonstrate the validity of the new approach.


LL LaiProfessor Loi Lei Lai received the BSc (first class Hons., the only one) degree in electrical and electronic engineering and the PhD degree in electrical and electronic engineering from the University of Aston, Birmingham, UK in 1980 and 1984 respectively, and the DSc degree in electrical, electronic, and information engineering from City, University of London, UK in 2005.

Currently, he is University Distinguished Professor at the Guangdong University of Technology, Guangzhou, China. He was Director of the Research and Development Centre, Beijing, China, the Pao Yue Kong Chair Professor, Guest Professor, the Vice President and Professor and Chair in Electrical Engineering for the State Grid Energy Research Institute, Beijing, China; Zhejiang University, Hangzhou, China; Fudan University, Shanghai, China; IEEE Systems, Man, and Cybernetics Society (IEEE/SMCS), USA; and City, University of London, respectively. He conducted high-level consultancy for major international projects such as the Channel Tunnel between UK and France. His research interests are in smart grid, clean energy, and computational intelligence applications in power engineering. Dr Lai is a Fellow of IEEE, IET, Distinguished Expert in State Grid Corporation of China, National Distinguished Expert in China, Member of IEEE Smart Grid Steering Committee, Member of IEEE Smart City Steering Committee and IEEE Industrial Electronics Society Fellow Evaluation Committee Evaluator. He was the recipient of an IEEE Third Millennium Medal, IEEE Power and Energy Society (IEEE/PES) Power Chapter Outstanding Engineer Award in 2000, IEEE/PES Energy Development and Power Generation Committee Prize Paper in 2006 and 2009, People of the 2012 Scientific Chinese Prize, IEEE/SMCS Outstanding Contribution Award in 2013 and 2014, and was listed in the honour list of the 2014 the Thousand Talents Plan, China.