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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
Iceland Chooses Hydrogen
LCG, June 3, 2002-Iceland has decided to phase out fossil fuels, choosing to power the country by means of hydrogen fuel cells. Iceland, which is home to a mere 278,000, already powers 93 percent of homes with geothermal-derived electricity. Now the country will switch its vehicles to hydrogen, with the help of DaimlerChryler, Royal Dutch Shell, and Norsk Hydro. The three companies will invest in the newly-created Icelandic New Energy.Hydrogen fuel, which produces water as its only exhaust, will be produced relatively emission-free by way of hydroelectric and geothermal sources.DaimlerChrysler is responsible for the design of new Icelandic buses, which will be in service next year.Iceland is more ambitious than merely converting the buses, however, and plans eliminate the need for fossil fuel from its 180,000 vehicles over a period of 30 or 40 years. Icelandic electricity production is already clean, but the country suffers from high carbon dioxide emissions because of its metal smelting industry. Although hydrogen, when used as a fuel, is a pollution-free energy source, the volatile element needs to be obtained by some method usually requiring a lot of energy since hydrogen does not easily exist alone and unreacted in nature. Electrolysis separates water with the help of electricity yielding oxygen and hydrogen, which is the reverse reaction of hydrogen when it acts as a fuel producing electricity and water. Other sources of hydrogen, such as hydrogen-producing algae, are currently being researched.
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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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