Enhanced Customization and Risk Analysis Capabilities
This version of OptGen allows users to customize the Expansion Planning Modeling in their own way. It's now possible to add custom generic constraints, work with generic curves such as Investment cost ($/kW) X Invested capacity (MW), or dive deeper into risk analysis. This update gives you the tools to shape the model your way. It’s all about making long-term Generation and Transmission planning more adaptable to your every challenges and goals.
Scalable Investment Data
Enhances flexibility by enabling piecewise linear relationships between invested capacity and some input data.
Scale effect in investment cost
Allows dynamic adjustments to investment and O&M costs given a total amount of invested capacity (as the investment level increases, the total investment cost in $/kW may decrease)
Portfolio effect in firm energy/capacity
The firm energy or capacity (as a percentage of installed capacity) may increase with higher invested capacity, driven by a portfolio effect. The user can define the relationship between firm energy/capacity and invested capacity using a customizable curve.
Efficient Frontier Optimization
Portfolio theory plays a crucial role in optimizing energy sector expansion portfolios by balancing cost and risk in defining the energy mix over time.
Climate variability, Renewable intermittency and Fuel price volatility
The Efficient Frontier analysis allows users to evaluate the ideal combination of energy sources considering all sources of uncertainties and risks
Risk evaluation
By evaluating the risk profiles of renewable sources, which offer low costs but face intermittency, and conventional sources, which provide stability but carry carbon and fuel-related risks, the Efficient Frontier will allow the user to understand all the risks involved in the planning process
Creating a robust energy mix
The Efficient Frontier creates a robust energy mix, ensuring cost efficiency, resilience, and sustainability for future planning.
Expansion Generic Constraints
It is now possible to create generic constraints using the investment variables of each project.
Linear relationship between project investments
The user can add constraints to guarantee a specific proportion between projects, usefull for combined cycle or hybrid projects
Limitations on the number of projects that can be built
The user can force the model to decide 2 or 3 projects from a list of 10 projects
Generic constraints to transmission planning
Adding constraints on the kilometers of transmission lines built
Documentation
Review all OptGen's powerful capabilities in the documents below.
TSL Release Notes
Check it out the full list of features released in the new Time Series Lab version.
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OptGen 8.2
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