On September 10-11, NIST in collaboration with federal partners and industry hosted the NIST Transactive Energy Modeling and Simulation Challenge for the Smart Grid (TE) Kick-Off.
The evolving smart grid, with increased use of renewable energy generation technologies, offers the potential for significant efficiency improvements through market-based transactive exchanges between energy producers and energy consumers. To understand this potential and support technology developers and policy makers, the smartgrid community will require simulation tools and platforms that can be used to explore the impact of alternative ways to create and operate transactive energy systems.
The TE Challenge will bring researchers and companies with simulation tools together with utilities, product developers, and other grid stakeholders to create and demonstrate modeling and simulation platforms while applying TE approaches to real grid problems. The products of the challenge will help industry understand the potential for TE and create a path for real-world trial implementations.
For more information on the challenge, please visit our TE Challenge Website.
Summary Report from TE Challenge Kick Off Sept. 10-11, 2015 (Added 12/4/15)