Smart gridA smart grid is an electrical grid which includes a variety of operation and energy measures including: Advanced metering infrastructure (of which smart meters are a generic name for any utility side device even if it is more capable e.g. a fiber optic router) Smart distribution boards and circuit breakers integrated with home control and demand response (behind the meter from a utility perspective) Load control switches and smart appliances, often financed by efficiency gains on municipal programs (e.g.
Hydrogen storageSeveral methods exist for storing hydrogen. These include mechanical approaches such as using high pressures and low temperatures, or employing chemical compounds that release H2 upon demand. While large amounts of hydrogen are produced by various industries, it is mostly consumed at the site of production, notably for the synthesis of ammonia. For many years hydrogen has been stored as compressed gas or cryogenic liquid, and transported as such in cylinders, tubes, and cryogenic tanks for use in industry or as propellant in space programs.
Tropical cyclone forecast modelA tropical cyclone forecast model is a computer program that uses meteorological data to forecast aspects of the future state of tropical cyclones. There are three types of models: statistical, dynamical, or combined statistical-dynamic. Dynamical models utilize powerful supercomputers with sophisticated mathematical modeling software and meteorological data to calculate future weather conditions. Statistical models forecast the evolution of a tropical cyclone in a simpler manner, by extrapolating from historical datasets, and thus can be run quickly on platforms such as personal computers.
Atmospheric modelIn atmospheric science, an atmospheric model is a mathematical model constructed around the full set of primitive, dynamical equations which govern atmospheric motions. It can supplement these equations with parameterizations for turbulent diffusion, radiation, moist processes (clouds and precipitation), heat exchange, soil, vegetation, surface water, the kinematic effects of terrain, and convection. Most atmospheric models are numerical, i.e. they discretize equations of motion.
Wind gradientIn common usage, wind gradient, more specifically wind speed gradient or wind velocity gradient, or alternatively shear wind, is the vertical component of the gradient of the mean horizontal wind speed in the lower atmosphere. It is the rate of increase of wind strength with unit increase in height above ground level. In metric units, it is often measured in units of meters per second of speed, per kilometer of height (m/s/km), which reduces to the standard unit of shear rate, inverse seconds (s−1).
Weather forecastingWeather forecasting is the application of science and technology to predict the conditions of the atmosphere for a given location and time. People have attempted to predict the weather informally for millennia and formally since the 19th century. Weather forecasts are made by collecting quantitative data about the current state of the atmosphere, land, and ocean and using meteorology to project how the atmosphere will change at a given place.
Energy mixThe energy mix is a group of different primary energy sources from which secondary energy for direct use - such as electricity - is produced. Energy mix refers to all direct uses of energy, such as transportation and housing, and should not be confused with power generation mix, which refers only to generation of electricity. In 2007, the global primary energy use was oil equivalent, or . According to the International Energy Agency (IEA) 13.6% of world primary energy was used by the European Union (EU).
Prevailing windsIn meteorology, prevailing wind in a region of the Earth's surface is a surface wind that blows predominantly from a particular direction. The dominant winds are the trends in direction of wind with the highest speed over a particular point on the Earth's surface at any given time. A region's prevailing and dominant winds are the result of global patterns of movement in the Earth's atmosphere. In general, winds are predominantly easterly at low latitudes globally.
Vehicle-to-gridVehicle-to-grid (V2G), also known as Vehicle-to-home (V2H), describes a system in which plug-in electric vehicles (PEV) sell demand response services to the grid. Demand services are either delivering electricity or by reducing their charging rate. Demand services reduce pressure on the grid, which might otherwise experience disruption from load variations. Vehicle-to-load (V2L) and Vehicle-to-vehicle (V2V) are related, but the AC phase is not sychronised with the grid, so the power is only available to an "off grid" load.
Volatility (finance)In finance, volatility (usually denoted by σ) is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option).
