The Fukushima Daiichi nuclear power plant experienced a major accident on March 11, 2011, which was caused by a seismic event of 9.0 magnitude on the Richter scale followed by a tsunami wave of about 15 meters. This combination resulted in the los...
Increased share of Renewable Energy Sources (RES) in the generation mix requires higher flexibility in power system resources. The intermittent nature of the RES calls for higher reserves in power systems to smooth out the unpredictable power fluc...