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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
US Signs Energy Research Agreement with European Union
LCG, March 6, 2003Today EU and US officials agreed to have scientists join efforts in hydrogen and nuclear power research.Spencer Abraham, the U.S. Secretary of Energy, signed a pact with the European Union in the office of EU Research Commissioner Philippe Busquin.According to the agreement, researchers studying nuclear fission, nuclear fusion, hydrogen power, and carbon dioxide removal will be able to work together in order to quicken technology development.While the document says nothing about how much money the EU or U.S. will put toward joint projects, the signing marked a new direction for the Bush administration, which pulled the U.S. out of the Kyoto Protocol in 2001 to broad internatinoal dismay.Meanwhile the Bush administration has earmarked at least $1.5 billion in funding for hydrogen fuel cell research. Fuel cells are complicated systems in which petroleum or other hydrocarbons undergo a series of reactions, yielding water, carbon dioxide, and energy. Hydrogen, which is too reactive to survive long in elemental form in nature, can also be separated from carbon compounds and stored as gas. When elemental hydrogen reacts with oxygen, it yields energy and water vapor. The EU and U.S. have both noted interest in turning to a hydrogen-based economy, a somewhat misleading proposition in that, according to the current direction of research, hydrogen will be derived from natural gas, coal or oil. In any case, the signing comes as part of a growing international effort to change the face of power production.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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