BEGIN:VCALENDAR
VERSION:2.0
PRODID:icalendar-ruby
CALSCALE:GREGORIAN
X-WR-CALNAME:Smart Grid Seminar: Energy Storage in Electricity Markets
X-WR-TIMEZONE:Pacific Time (US & Canada)
BEGIN:VEVENT
DTSTAMP:20260520T141419Z
UID:tag:localist.com\,2008:EventInstance_50765394146828
DTSTART:20251106T213000Z
DTEND:20251106T223000Z
DESCRIPTION:Energy Storage in Electricity Markets: Equilibrium Models and L
 earning-Enabled Participation\n\nEnergy storage resources - particularly b
 atteries - are rapidly becoming essential sources of flexibility in modern
  power systems and active participants in electricity markets. By arbitrag
 ing price differences\, they generate profit while reducing peak demand an
 d mitigating renewable variability. Yet\, their effective market participa
 tion requires accounting for future price opportunities and inherent uncer
 tainties. As a result\, storage operators may rationally withhold capacity
  for economic reasons\, rather than offering strictly based on physical co
 st. These dynamics create challenges both for storage operators seeking to
  optimize returns and for regulators aiming to prevent market power abuse 
 and ensure socially efficient outcomes.\n\nThis talk presents game-theoret
 ic equilibrium frameworks alongside optimization and machine learning appr
 oaches for enabling efficient energy storage participation in electricity 
 markets. I will demonstrate that strategic storage participation converges
  to efficient market outcomes under the existing two-settlement U.S. marke
 t design. Building on this foundation\, I will examine the energy storage 
 arbitrage problem in detail\, framing it within a dynamic programming pers
 pective\, and present solution strategies ranging from classical stochasti
 c optimization to decision-focused learning pipelines.\n\nSpeaker Bio:\n\n
 Dr. Bolun Xu is an Assistant Professor in Earth and Environmental Engineer
 ing at Columbia University\, with an affiliated appointment in Electrical 
 Engineering. He received his Ph.D. from the University of Washington\, M.S
 . from ETH Zurich\, both in Electrical Engineering. He also received dual 
 bachelor degrees from Shanghai Jiaotong University and University of Michi
 gan Ann Arbor in Electrical and Computer Engineering. Before joining Colum
 bia\, he was a Postdoctoral Fellow at the MIT Energy Initiative. His resea
 rch focuses on the design and optimization of sustainable energy and power
  systems and the integration of emerging technologies. Dr. Xu is a recipie
 nt of the NSF CAREER Award\, the Outstanding Young Investigator Award from
  the IISE Energy Systems Division\, and the Early Career Award from the  I
 NFORMS Energy\, Natural Resources\, and Environment (ENRE) Section.
GEO:37.426402;-122.172635
LOCATION:Mitchell Earth Sciences\, B67
SUMMARY:Smart Grid Seminar: Energy Storage in Electricity Markets
URL;VALUE=URI:https://events.stanford.edu/event/smart-grid-seminar-bolun-xu
CATEGORIES:Class/Seminar
CATEGORIES:Lecture/Presentation/Talk
END:VEVENT
END:VCALENDAR