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Practice Summaries: An Optimization Model to Support Renewable Energy Investment Decisions

Author

Listed:
  • Srinivas Bollapragada

    (General Electric Global Research Center, Niskayuna, New York 12309)

  • Brandon Owens

    (General Electric Energy, Arvada, Colorado 80007)

  • Steve Taub

    (General Electric Energy Financial Services, Boston, Massachusetts 02111)

Abstract

A majority of states in the United States have instituted renewable portfolio standards (RPS), which require electric service providers to meet a portion of their demand using renewable energy resources. These requirements, along with state and federal incentives, are the main drivers for the construction of utility-scale renewable energy plants in the United States. In order to help understand the implications of the state RPS system for future renewable energy investments, we developed an analytical tool that General Electric Company uses to better price its renewable energy deals and forecast market demand for its renewable energy products.

Suggested Citation

  • Srinivas Bollapragada & Brandon Owens & Steve Taub, 2011. "Practice Summaries: An Optimization Model to Support Renewable Energy Investment Decisions," Interfaces, INFORMS, vol. 41(4), pages 394-395, August.
    • Handle: RePEc:inm:orinte:v:41:y:2011:i:4:p:394-395
    DOI: 10.1287/inte.1110.0560
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    Cited by:

    1. Veterina Nosadila Riaventin & Sofyan Dwi Cahyo & Ivan Kristianto Singgih, 2021. "A Model for Developing Existing Ports Considering Economic Impact and Network Connectivity," Sustainability, MDPI, vol. 13(7), pages 1-17, March.
    2. Kate Anderson & James Grymes & Alexandra Newman & Adam Warren, 2023. "North Carolina Water Utility Builds Resilience with Distributed Energy Resources," Interfaces, INFORMS, vol. 53(4), pages 247-265, July.

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