Cooperative Strategy for Optimal Management of Smart Grids by Wavelet RNNs and Cloud Computing

Advanced smart grids have several power sources that contribute with their own irregular dynamic to the power production, while load nodes have another dynamic. Several factors have to be considered when using the owned power sources for satisfying the demand, i.e., production rate, battery charge and status, variable cost of externally bought energy, and so on. The objective of this paper is to develop appropriate neural network architectures that automatically and continuously govern power production and dispatch, in order to maximize the overall benefit over a long time. Such a control will improve the fundamental work of a smart grid. For this, status data of several components have to be gathered, and then an estimate of future power production and demand is needed. Hence, the neural network-driven forecasts are apt in this paper for renewable nonprogrammable energy sources. Then, the produced energy as well as the stored one can be supplied to consumers inside a smart grid, by means of digital technology. Among the sought benefits, reduced costs and increasing reliability and transparency are paramount.