Dear Colleagues and Students,

The State Key Laboratory of Internet of Things for Smart City would like to invite you to join our “IOTSC Talk Series” on 19/02/2025 (Wednesday). We are pleased to invite Prof. Jianguo Zhu from University of Sydney as the speaker.

Market Strategies for Profitable Virtual Power Plants
Speaker: Jianguo Zhu
Date: 19/02/2025 (Wednesday)
Time: 10:00 – 11:30
Language: English
Venue: E11-4045

Abstract:
The rapid growth of distributed energy resources (DERs), including rooftop photovoltaics (PVs) and batteries, has significantly transformed the landscape of renewable energy supply. For effective integration of intermittent renewable energy sources in power grids, regional virtual power plants (VPPs) aggregate and coordinate geophysically proximate DERs to achieve safety, reliability, resilience, and high power quality through optimal network operation.

On the other hand, the power of VPPs’ optimal market operation has yet been fully understood. VPPs can empower DERs to participate in energy markets as prosumers, and creates attractive opportunities for prosumers to generate profits in various electricity markets, such as the peer-to-peer (P2P) market, spot market, ancillary services market, etc.

This talk presents various market strategies for profitable VPP market operation, including flexible frameworks and methods for VPP construction and coordination for profitable wholesale electricity market operations, a holistic peer-to-peer (P2P) energy trading market in a VPP environment, and an internal market in a VPP cluster.

Speaker’s Bio:
Jianguo Zhu received his BE degree in 1982 from Jiangsu Institute of Technology (Jiangsu University), Jiangsu, China, ME degree in 1987 from Shanghai University of Technology (Shanghai University), Shanghai, China, and PhD degree in 1995 from the University of Technology Sydney (UTS), Sydney, Australia, all in electrical engineering. He was appointed a lecturer at UTS in 1994 and promoted to full professor in 2004 and Distinguished Professor of Electrical Engineering in 2017. At UTS, he has held various leadership positions, including Head of School for the School of Electrical, Mechanical, and Mechatronic Systems and Director of the Centre for Electrical Machines and Power Electronics. In 2018, he joined the School of Electrical and Information Engineering at the University of Sydney (USyd), Australia, as the Head of School and a full professor. After completing his term as Head of School in 2023, he is now a full professor at USyd. His research interests include computational electromagnetics, electromagnetic characterisation of materials, electrical machines and drives, power electronics, renewable energy systems, and smart grids.

For enquiries: Tel: 8822 9159
Email: frankielei@um.edu.mo

Best Regards,
State Key Laboratory of Internet of Things for Smart City