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Energy Pricing in P2P Energy Systems Using Reinforcement Learning

arXiv ·

This paper presents a reinforcement learning framework for optimizing energy pricing in peer-to-peer (P2P) energy systems. The framework aims to maximize the profit of all components in a microgrid, including consumers, prosumers, the service provider, and a community battery. Experimental results on the Pymgrid dataset demonstrate the approach's effectiveness in price optimization, considering the interests of different components and the impact of community battery capacity.

Kongsberg Digital and Petroleum Development Oman Ink Deal To Deploy AI-Based Digital Twins - Society of Petroleum Engineers (SPE)

Oman AI ·

Kongsberg Digital and Petroleum Development Oman (PDO) have signed an agreement to deploy AI-based digital twins. These digital twins will leverage Kongsberg Digital's Kognitwin® Energy cloud-based dynamic process simulator. The goal is to enhance operational efficiency and optimize PDO's oil and gas operations. Why it matters: This deployment signifies the growing adoption of AI-powered digital twins in the Middle East's energy sector, potentially improving productivity and sustainability.