Smart energy factories are crucial for the development of upcoming energy markets in which emissions, energy use and network congestions are to be decreased. The virtual power plant (VPP) can be implemented in an industrial site with the aim of minimizing costs, emissions and total energy usage. A VPP considers the future situation forecasting and the situation of all energy assets, including renewable energy generation units and energy storage systems, to optimize the total cost of the plant, considering the possibility to trade with the energy market. For a VPP to be constructed, a proper communication system is essential. The energy management system (EMS) enables the monitoring, management and control of the different energy devices and permits the transference of the decisions made by the VPP to the different energy assets. VPP concept is explained together with the methods used for forecasting the future situation and the energy flow inside the facility. To reach its benefits, the optimization of the VPP is assessed. After that, the communication technologies that enable the VPP implementation are also introduced, and the advantages/disadvantages regarding their deployment are stated. With the tools introduced, the VPP can face the challenges of energy markets efficiently.
Part of the book: New Trends in the Use of Artificial Intelligence for the Industry 4.0