U.S., June 30 -- In a recent press release, the University of Columbia (UoC) has announced a USD$2.06mn grant from the US Department of Energy (DoE).
The award, called a Performance-based Energy Resource Feedback, Optimisation and Risk Management (PERFORM) grant, will go towards the development of a dashboard capable of monitoring the electrical grid for the purposes of mitigating financial and engineering risks.
The UoC notes that whilst independent system operators (ISOs) can currently check several conditions regarding the grid's state, including the energy output of mixed renewable and non-renewable generators, they cannot do not have the technological ability to sufficiently assess or counter risk potential.
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