CIRM School STOCORE Stochastic Control for the Management of Renewable Energies
The new structure of power systems, with decentralized and highly variable production sources (renewable energies like wind or photovoltaic) and consumption sinks (accumulators, transport), challenges optimization methods for their management. The course will present stochastic control theory, and extensions to more advanced topics, like risk constraints and informational constraints in large-scale systems. Courses will alternate with computer practical works. The main examples will be taken from dam management under uncertainty. However, the practical issues, the general theory and the numerical methods presented can be applied to other uncertain sources of energy (wind, solar) and, more generally, to the management of smart power systems.