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Search Results (361)

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Keywords = supply side management

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33 pages, 879 KiB  
Article
Barrier Analysis of Flexibilization of Cooling Supply Systems
by Dana Laureen Laband, Martin Stöckl, Annedore Mittreiter and Uwe Holzhammer
Energies 2025, 18(15), 4133; https://doi.org/10.3390/en18154133 - 4 Aug 2025
Viewed by 96
Abstract
The present study examines the barriers that prevent cooling system flexibility from being optimized. In the context of an increasing reliance on renewable energy sources, the necessity for flexible energy utilization is becoming increasingly apparent. A survey and discussion groups were conducted with [...] Read more.
The present study examines the barriers that prevent cooling system flexibility from being optimized. In the context of an increasing reliance on renewable energy sources, the necessity for flexible energy utilization is becoming increasingly apparent. A survey and discussion groups were conducted with various stakeholders within the cooling value chain to obtain their experiences and insights regarding barriers to flexibilization. The findings point out that economic, technological, and regulatory barriers are the primary factors impeding the implementation of flexible solutions. In particular, high investment costs, complex technical implementation, a lack of information, and a complicated legal framework were identified as significant impediments. To enhance the flexibility of cooling systems, coordinated efforts are necessary to address these barriers. Practical examples, training, and the standardization and digitalization of processes could facilitate the widespread implementation of flexible cooling systems. Full article
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23 pages, 4456 KiB  
Article
Assessing Climate Change Impacts on Groundwater Recharge and Storage Using MODFLOW in the Akhangaran River Alluvial Aquifer, Eastern Uzbekistan
by Azam Kadirkhodjaev, Dmitriy Andreev, Botir Akramov, Botirjon Abdullaev, Zilola Abdujalilova, Zulkhumar Umarova, Dilfuza Nazipova, Izzatullo Ruzimov, Shakhriyor Toshev, Erkin Anorboev, Nodirjon Rakhimov, Farrukh Mamirov, Inessa Gracheva and Samrit Luoma
Water 2025, 17(15), 2291; https://doi.org/10.3390/w17152291 - 1 Aug 2025
Viewed by 528
Abstract
A shallow quaternary sedimentary aquifer within the river alluvial deposits of eastern Uzbekistan is increasingly vulnerable to the impacts of climate change and anthropogenic activities. Despite its essential role in supplying water for domestic, agricultural, and industrial purposes, the aquifer system remains poorly [...] Read more.
A shallow quaternary sedimentary aquifer within the river alluvial deposits of eastern Uzbekistan is increasingly vulnerable to the impacts of climate change and anthropogenic activities. Despite its essential role in supplying water for domestic, agricultural, and industrial purposes, the aquifer system remains poorly understood. This study employed a three-dimensional MODFLOW-based groundwater flow model to assess climate change impacts on water budget components under the SSP5-8.5 scenario for 2020–2099. Model calibration yielded RMSE values between 0.25 and 0.51 m, indicating satisfactory performance. Simulations revealed that lateral inflows from upstream and side-valley alluvial deposits contribute over 84% of total inflow, while direct recharge from precipitation (averaging 120 mm/year, 24.7% of annual rainfall) and riverbed leakage together account for only 11.4%. Recharge occurs predominantly from November to April, with no recharge from June to August. Under future scenarios, winter recharge may increase by up to 22.7%, while summer recharge could decline by up to 100%. Groundwater storage is projected to decrease by 7.3% to 58.3% compared to 2010–2020, indicating the aquifer’s vulnerability to prolonged dry periods. These findings emphasize the urgent need for adaptive water management strategies and long-term monitoring to ensure sustainable groundwater use under changing climate conditions. Full article
(This article belongs to the Special Issue Climate Change Uncertainties in Integrated Water Resources Management)
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22 pages, 1317 KiB  
Review
Obesity: Clinical Impact, Pathophysiology, Complications, and Modern Innovations in Therapeutic Strategies
by Mohammad Iftekhar Ullah and Sadeka Tamanna
Medicines 2025, 12(3), 19; https://doi.org/10.3390/medicines12030019 - 28 Jul 2025
Viewed by 750
Abstract
Obesity is a growing global health concern with widespread impacts on physical, psychological, and social well-being. Clinically, it is a major driver of type 2 diabetes (T2D), cardiovascular disease (CVD), non-alcoholic fatty liver disease (NAFLD), and cancer, reducing life expectancy by 5–20 years [...] Read more.
Obesity is a growing global health concern with widespread impacts on physical, psychological, and social well-being. Clinically, it is a major driver of type 2 diabetes (T2D), cardiovascular disease (CVD), non-alcoholic fatty liver disease (NAFLD), and cancer, reducing life expectancy by 5–20 years and imposing a staggering economic burden of USD 2 trillion annually (2.8% of global GDP). Despite its significant health and socioeconomic impact, earlier obesity medications, such as fenfluramine, sibutramine, and orlistat, fell short of expectations due to limited effectiveness, serious side effects including valvular heart disease and gastrointestinal issues, and high rates of treatment discontinuation. The advent of glucagon-like peptide-1 (GLP-1) receptor agonists (e.g., semaglutide, tirzepatide) has revolutionized obesity management. These agents demonstrate unprecedented efficacy, achieving 15–25% mean weight loss in clinical trials, alongside reducing major adverse cardiovascular events by 20% and T2D incidence by 72%. Emerging therapies, including oral GLP-1 agonists and triple-receptor agonists (e.g., retatrutide), promise enhanced tolerability and muscle preservation, potentially bridging the efficacy gap with bariatric surgery. However, challenges persist. High costs, supply shortages, and unequal access pose significant barriers to the widespread implementation of obesity treatment, particularly in low-resource settings. Gastrointestinal side effects and long-term safety concerns require close monitoring, while weight regain after medication discontinuation emphasizes the need for ongoing adherence and lifestyle support. This review highlights the transformative potential of incretin-based therapies while advocating for policy reforms to address cost barriers, equitable access, and preventive strategies. Future research must prioritize long-term cardiovascular outcome trials and mitigate emerging risks, such as sarcopenia and joint degeneration. A multidisciplinary approach combining pharmacotherapy, behavioral interventions, and systemic policy changes is critical to curbing the obesity epidemic and its downstream consequences. Full article
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18 pages, 436 KiB  
Article
The Role of Organizers in Advancing Sustainable Sport Tourism: Insights from Small-Scale Running Events in Greece
by Sofia Gkarane, Androniki Kavoura, Chris Vassiliadis, Iordanis Kotzaivazoglou, Garyfallos Fragidis and Vasiliki Vrana
Sustainability 2025, 17(14), 6399; https://doi.org/10.3390/su17146399 - 12 Jul 2025
Viewed by 434
Abstract
The contribution of small-scale sporting events to tourism sustainable development in local communities has been well recognized in the literature. Small-scale running events in particular are essential in the promotion of sustainable tourism in the community due to their localized impact. Although research [...] Read more.
The contribution of small-scale sporting events to tourism sustainable development in local communities has been well recognized in the literature. Small-scale running events in particular are essential in the promotion of sustainable tourism in the community due to their localized impact. Although research has largely focused on the demand side—including participants, spectators, and host communities—limited attention has been given to the supply side, particularly the perspectives of sport event organizers and their role in implementing sustainable practices. This study aims to address this gap and answer key research questions that concern the factors which contribute to the success of these events in relation to their economic, social, and environmental impacts through the lens of the events’ primary decision-makers, their organizers. This study employs an exploratory research method, conducting interviews with twenty-five organizers of diverse Greek running events that represent a variety of geographical contexts and event characteristics of the country, based on their long-standing presence. Findings contribute to sustainable sport tourism literature by developing a theoretical framework which encompasses the three dimensions of sustainability, highlighting inclusivity as a key component within the social dimension. Results indicate that organizers perceive their running events as having a positive economic impact and enhancing social cohesion. They are also aware of the potential environmental impact, like trail preservation, and consequently implement responsible measures to protect the environment. Organizers share a variety of specific strategies and practical suggestions aimed at improving the sustainability of running events, such as managing waste effectively or improving accessibility for diverse participants, offering transferable insights for other event planners and local authorities. This paper showcases the key role of organizers in developing partnerships to implement effective sustainable sport event practices in the destination. Full article
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27 pages, 7623 KiB  
Article
A Ladder-Type Carbon Trading-Based Low-Carbon Economic Dispatch Model for Integrated Energy Systems with Flexible Load and Hybrid Energy Storage Optimization
by Liping Huang, Fanxin Zhong, Chun Sing Lai, Bang Zhong, Qijun Xiao and Weitai Hsu
Energies 2025, 18(14), 3679; https://doi.org/10.3390/en18143679 - 11 Jul 2025
Viewed by 283
Abstract
This paper proposes a ladder carbon trading-based low-carbon economic dispatch model for integrated energy systems (IESs), incorporating flexible load optimization and hybrid energy storage systems consisting of battery and thermal energy storage. First, a ladder-type carbon trading mechanism is introduced, in which the [...] Read more.
This paper proposes a ladder carbon trading-based low-carbon economic dispatch model for integrated energy systems (IESs), incorporating flexible load optimization and hybrid energy storage systems consisting of battery and thermal energy storage. First, a ladder-type carbon trading mechanism is introduced, in which the carbon trading cost increases progressively with emission levels, thereby providing stronger incentives for emission reduction. Second, flexible loads are categorized and modeled as shiftable, transferable, and reducible types, each with distinct operational constraints and compensation mechanisms. Third, both battery and thermal energy storage systems are considered to improve system flexibility by storing excess energy and supplying it when needed. Finally, a unified optimization framework is developed to coordinate the dispatch of renewable generation, gas turbines, waste heat recovery units, and multi-energy storage devices while integrating flexible load flexibility. The objective is to minimize the total system cost, which includes energy procurement, carbon trading expenditures, and demand response compensation. Three comparative case studies are conducted to evaluate system performance under different operational configurations: the proposed comprehensive model, a carbon trading-only approach, and a conventional baseline scenario. Results demonstrate that the proposed framework effectively balances economic and environmental objectives through coordinated demand-side management, hybrid storage utilization, and the ladder-type carbon trading market mechanism. It reshapes the system load profile via peak shaving and valley filling, improves renewable energy integration, and enhances overall system efficiency. Full article
(This article belongs to the Special Issue Hybrid Battery Energy Storage System)
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25 pages, 2288 KiB  
Article
Virtual Power Plant Optimization Process Under the Electricity–Carbon–Certificate Multi-Market: A Case Study in Southern China
by Yanbin Xu, Yi Liao, Shifang Kuang, Jiaxin Ma and Ting Wen
Processes 2025, 13(7), 2148; https://doi.org/10.3390/pr13072148 - 6 Jul 2025
Viewed by 362
Abstract
Over the past decade, China has vigorously supported the development of renewable energy and has initially established the electricity–carbon–certificate multi-market. As a typical market-oriented demand-side management model, studying the optimization process and cases of virtual power plants (VPPs) under the multi-market has significant [...] Read more.
Over the past decade, China has vigorously supported the development of renewable energy and has initially established the electricity–carbon–certificate multi-market. As a typical market-oriented demand-side management model, studying the optimization process and cases of virtual power plants (VPPs) under the multi-market has significant importance for enhancing the operation level of VPPs, as well as promoting corresponding experiences. Based on the mechanisms and impacts of the electricity–carbon–certificate multi-market, this manuscript takes a VPP project in southern China as a case, constructs a sequential decision-making optimization model for the VPP under a diversified market, and solves it using reinforcement learning and Markov decision theory. The case analysis shows that, compared to energy supply income, although the proportion of income from certificate trading and carbon trading in the multi-market is relatively limited, participating in the electricity–carbon–certificate multi-market can significantly enhance VPPs’ willingness to accommodate the uncertainties of renewable energy and can significantly improve the economic and environmental performances of VPPs, which is of great significance for improving the energy structure and accelerating the process of low-carbon energy transformation. Full article
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18 pages, 1239 KiB  
Article
Optimized Demand Side Management for Refrigeration: Modeling and Case Study Insights from Kenya
by Josephine Nakato Kakande, Godiana Hagile Philipo and Stefan Krauter
Energies 2025, 18(13), 3258; https://doi.org/10.3390/en18133258 - 21 Jun 2025
Viewed by 293
Abstract
According to the International Institute of Refrigeration (IIR), 20% of worldwide electricity consumption is for refrigeration, with domestic refrigeration appliances comprising a fifth of this demand. As the uptake of renewable energy sources for on-grid and isolated electricity supply increases, the need for [...] Read more.
According to the International Institute of Refrigeration (IIR), 20% of worldwide electricity consumption is for refrigeration, with domestic refrigeration appliances comprising a fifth of this demand. As the uptake of renewable energy sources for on-grid and isolated electricity supply increases, the need for mechanisms to match demand and supply better and increase power system flexibility has led to enhanced attention on demand-side management (DSM) practices to boost technology, infrastructure, and market efficiencies. Refrigeration requirements will continue to rise with development and climate change. In this work, particle swarm optimization (PSO) is used to evaluate energy saving and load factor improvement possibilities for refrigeration devices at a site in Kenya, using a combination of DSM load shifting and strategic conservation, and based on appliance temperature evolution measurements. Refrigeration energy savings of up to 18% are obtained, and the load factor is reduced. Modeling is done for a hybrid system with grid, solar PV, and battery, showing a marginal increase in solar energy supply to the load relative to the no DSM case, while the grid portion of the load supply reduces by almost 25% for DSM relative to No DSM. Full article
(This article belongs to the Special Issue Research on Operation Optimization of Integrated Energy Systems)
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25 pages, 1077 KiB  
Review
Proactive Regulation for Hydrogen Supply Chains: Enhancing Logistics Frameworks in Australia
by Philip Y. L. Wong, Kinson C. C. Lo, Joseph H. K. Lai and Tiffany T. Y. Wong
Energies 2025, 18(12), 3056; https://doi.org/10.3390/en18123056 - 10 Jun 2025
Viewed by 567
Abstract
The rapid growth of Australia’s hydrogen economy highlights the pressing need for innovative regulatory strategies that address the distinct characteristics of hydrogen supply chains. This study focuses on the supply-side dynamics of the hydrogen energy sector, emphasizing the importance of tailored frameworks to [...] Read more.
The rapid growth of Australia’s hydrogen economy highlights the pressing need for innovative regulatory strategies that address the distinct characteristics of hydrogen supply chains. This study focuses on the supply-side dynamics of the hydrogen energy sector, emphasizing the importance of tailored frameworks to ensure the safe, efficient, and reliable movement of hydrogen across the supply chain. Key areas of analysis include the regulatory challenges associated with various transportation and storage methods, particularly during long-distance transport and extended storage periods. The research identifies notable gaps and inconsistencies within the current regulatory systems across Australian states, which inhibit the development of a unified hydrogen economy. To address these challenges, the concept of Proactive Regulation for Hydrogen Supply (PRHS) is introduced. PRHS emphasizes anticipatory governance that adapts alongside technological advancements to effectively manage hydrogen transportation and storage. The study advocates for harmonizing fragmented state frameworks into a cohesive national regulatory system to support the sustainable and scalable expansion of hydrogen logistics. Furthermore, the paper examines the potential of blockchain technology to enhance safety, accountability, and traceability across the hydrogen supply chain, offering practical solutions to current regulatory and operational barriers. Full article
(This article belongs to the Special Issue Advances in Hydrogen Energy IV)
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28 pages, 3215 KiB  
Article
Optimization of Solar Generation and Battery Storage for Electric Vehicle Charging with Demand-Side Management Strategies
by César Berna-Escriche, Lucas Álvarez-Piñeiro and David Blanco
World Electr. Veh. J. 2025, 16(6), 312; https://doi.org/10.3390/wevj16060312 - 3 Jun 2025
Viewed by 860
Abstract
The integration of Electric Vehicles (EVs) with solar power generation is important for decarbonizing the economy. While electrifying transportation reduces Greenhouse Gas (GHG) emissions, its success depends on ensuring that EVs are charged with clean energy, requiring significant increases in photovoltaic capacity and [...] Read more.
The integration of Electric Vehicles (EVs) with solar power generation is important for decarbonizing the economy. While electrifying transportation reduces Greenhouse Gas (GHG) emissions, its success depends on ensuring that EVs are charged with clean energy, requiring significant increases in photovoltaic capacity and robust Demand-Side Management (DSM) solutions. EV charging patterns, such as home, workplace, and public charging, need adapted strategies to match solar generation. This study analyzes a system designed to meet a unitary hourly average energy demand (8760 MWh annually) using an optimization framework that balances PV capacity and battery storage to ensure reliable energy supply. Historical solar data from 22 years is used to analyze seasonal and interannual fluctuations. The results show that solar PV alone can cover around 30% of the demand without DSM, rising to nearly 50% with aggressive DSM measures, using PV capacities of 1.0–2.0 MW. The optimization reveals that incorporating battery storage can achieve near 100% coverage with PV power of 8.0–9.0 MW. Moreover, DSM reduces required storage from 18 to about 10 MWh. These findings highlight the importance of integrating optimization-based energy management strategies to enhance system efficiency and cost-effectiveness, offering a pathway toward a more sustainable and resilient EV charging infrastructure. Full article
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14 pages, 690 KiB  
Article
Spinal Anesthesia Results in Lower Costs Compared to General Anesthesia for Patients Undergoing Lumbar Fusion—A Matched Cohort Study
by Favour C. Ononogbu-Uche, Abdullah Wael Saleh, Felix Toussaint, Taylor Wallace, Joshua Woo, Matthew T. Morris, Christopher I. Shaffrey, William M. Bullock, Nicole R. Guinn and Muhammad M. Abd-El-Barr
J. Clin. Med. 2025, 14(11), 3851; https://doi.org/10.3390/jcm14113851 - 30 May 2025
Viewed by 1722
Abstract
Background/Objectives: Degenerative lumbar spine disease (DLSD) is increasingly managed with minimally invasive surgery (MIS) and evolving anesthesia methods. While general anesthesia (GA) remains standard, spinal anesthesia (SA) may offer faster recovery and fewer side effects. This study compares the clinical and economic [...] Read more.
Background/Objectives: Degenerative lumbar spine disease (DLSD) is increasingly managed with minimally invasive surgery (MIS) and evolving anesthesia methods. While general anesthesia (GA) remains standard, spinal anesthesia (SA) may offer faster recovery and fewer side effects. This study compares the clinical and economic outcomes of GA versus SA in transforaminal lumbar interbody fusion (TLIF). Methods: A retrospective review of 18 TLIF patients (2018–2022) was performed, with 9 patients in each cohort. Patients were matched by demographics and procedure type. Data collected included operative time, blood loss, complications, postoperative opioid utilization, and 30-day readmissions. Costs were analyzed in categories: anesthesia, implants, inpatient care, operating room (OR) supplies, OR time, and PACU fees, using Wilcoxon Rank T-tests and Pearson Chi-Squared tests. Results: Clinical outcomes such as blood loss, and operative time were similar between groups. However, SA patients had significantly shorter LOS compared to GA (SA: 12 h vs. GA: 84 h, % difference: −150%, p = 0.04). Additionally, SA patients had lower total direct costs ($27,881.85 vs. $35,669.01; p = 0.027). Significant cost reductions with SA were noted in OR supplies/medications ($7367.93 vs. $10,879.46; p = 0.039) and inpatient costs ($621.65 vs. $3092.66; p = 0.027). Within these categories, reductions were observed for intravenous solutions, sedatives/anesthetics, pressure management, labs, imaging, evaluations, hospital care, and medications. Although costs for implants, anesthesia care, OR time, and PACU fees were lower with SA, these differences did not reach statistical significance. Conclusions: In TLIF for DLSD, SA provides significant economic advantages over GA while yielding comparable clinical outcomes. These results support SA as a cost-effective alternative, warranting further prospective studies to confirm these findings. Full article
(This article belongs to the Special Issue Spine Surgery: Current Practice and Future Directions)
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18 pages, 4507 KiB  
Article
Mapping Water Yield Service Flows in the Transnational Area of Tumen River
by Huangen Xie, Da Zhang and Ying Nan
Sustainability 2025, 17(10), 4637; https://doi.org/10.3390/su17104637 - 19 May 2025
Viewed by 427
Abstract
Ecosystem service flows are critical linkages between ecological supply and human demand. As a vital component of ecosystem services, water yield service is essential for human survival and development. Therefore, it is of great significance to explore the supply–demand relationship of water yield [...] Read more.
Ecosystem service flows are critical linkages between ecological supply and human demand. As a vital component of ecosystem services, water yield service is essential for human survival and development. Therefore, it is of great significance to explore the supply–demand relationship of water yield service and its spatial flow process. This study investigates the supply–demand dynamics and spatial flow of water yield service in the transnational area of Tumen River (2000–2020), utilizing the InVEST model and the miniature delivery-path-mechanism model. The results show the following: (1) From 2000 to 2020, the supply of water yield service in the Tumen River Basin exhibited a spatial distribution pattern of “low center, high surrounding”, with significant spatial heterogeneity in the distribution of supply and demand. (2) Despite the substantial surplus of water yield service in the study area, the ecosystem service supply–demand ratio (ESDR) shows an overall declining trend. The dominant spatial mismatch type is high-supply–low-demand (HL type) zones, primarily located in mountainous and hilly areas, accounting for over 40% of the total identified pixel types. (3) Driven by economic and social development, the spatial scope of water yield service flow has gradually expanded. Supply-side flows initially increased before declining, while demand-side flows followed the opposite trend. By mapping ecosystem service flows, this study provides a reference and basis for establishing the regional ecological compensation mechanism and promoting integrated water resource management, both of which are crucial for the long-term sustainable development of the basin. Full article
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14 pages, 200 KiB  
Article
Sustainable Retrofit of Dutch Social Housing: The Role and Future of Multi-Year Programs and Strategic Partnerships
by Ad Straub and Frits Meijer
Buildings 2025, 15(9), 1501; https://doi.org/10.3390/buildings15091501 - 29 Apr 2025
Viewed by 608
Abstract
Dutch housing associations, being semi-public construction clients, have been assigned an important role in helping to realize the national goal of a CO2-neutral housing stock by 2050. To achieve this goal, a growing number of housing associations have added sustainable retrofit [...] Read more.
Dutch housing associations, being semi-public construction clients, have been assigned an important role in helping to realize the national goal of a CO2-neutral housing stock by 2050. To achieve this goal, a growing number of housing associations have added sustainable retrofit projects into multi-year programs. Those programs are being implemented by entering into strategic partnerships with retrofit contractors. The aim of this paper is to explore the rationale behind this asset and property management approach, the process, and the organizational conditions and consequences for the partners involved. To do so, a cumulative case study for research, including seven cases, was conducted. The findings show that the rationale is primarily about improving and accelerating the retrofit process by using the knowledge, competencies, and resources of the supply-side partners as effectively and efficiently as possible. This novel approach increases the retrofit rates and tenant satisfaction with the process. Trust is key in the collaboration between housing associations and contractors. For this, partner selection is an intensive and careful process. The factor hindering the upscaling of the approach is the cultural and organizational changes needed on both the demand and supply side. Full article
(This article belongs to the Section Architectural Design, Urban Science, and Real Estate)
19 pages, 5427 KiB  
Article
Strategic Demand Response for Economic Dispatch in Wind-Integrated Multi-Area Energy Systems
by Peng Li, Li Wang, Peiqiang Zhang, Peng Yan, Chongyang Li, Zhe Nan and Jun Wang
Energies 2025, 18(9), 2188; https://doi.org/10.3390/en18092188 - 25 Apr 2025
Cited by 2 | Viewed by 491
Abstract
The rapid integration of renewable energy sources and the increasing complexity of energy demands necessitate advanced strategies for optimizing multi-region energy systems. This study investigates the coordinated energy management of interconnected parks by incorporating wind power, demand response (DR) mechanisms, and energy storage [...] Read more.
The rapid integration of renewable energy sources and the increasing complexity of energy demands necessitate advanced strategies for optimizing multi-region energy systems. This study investigates the coordinated energy management of interconnected parks by incorporating wind power, demand response (DR) mechanisms, and energy storage systems. A comprehensive optimization framework is developed to enhance energy sharing among parks, leveraging demand-side flexibility and renewable energy integration. Simulation results demonstrate that the proposed approach significantly improves system efficiency by balancing supply-demand mismatches and reducing reliance on external power sources. Compared to conventional methods, the DR capabilities of industrial and commercial loads have increased by 8.08% and 6.69%, respectively, which is primarily due to enhanced utilization of wind power and optimized storage deployment. The inclusion of DR contributed to improved system flexibility, enabling a more resilient energy exchange framework. This study highlights the potential of collaborative energy management in multi-area systems and provides a pathway for future research to explore advanced control algorithms and the integration of additional renewable energy sources. Full article
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27 pages, 1863 KiB  
Article
The Impact of Bank Fintech on Corporate Short-Term Debt for Long-Term Use—Based on the Perspective of Financial Risk
by Weiyu Wu and Xiaoyan Lin
Int. J. Financial Stud. 2025, 13(2), 68; https://doi.org/10.3390/ijfs13020068 - 16 Apr 2025
Cited by 1 | Viewed by 1214
Abstract
Information asymmetry between banks and enterprises in the credit market is essentially the microfoundation of financial risk generation. The frequent occurrence of corporate debt defaults, mainly due to the behavior of short-term debt for long-term use (hereinafter referred to as “SDLU”), further aggravates [...] Read more.
Information asymmetry between banks and enterprises in the credit market is essentially the microfoundation of financial risk generation. The frequent occurrence of corporate debt defaults, mainly due to the behavior of short-term debt for long-term use (hereinafter referred to as “SDLU”), further aggravates the contagion path from individual liquidity crisis to systemic repayment crisis. In order to test whether bank financial technology (hereinafter referred to as “BankFintech”) can mitigate SDLU and reduce the possibility of financial risks, this study matched the loan data of China’s A-share listed companies with the patent data of bank-invented Fintech from 2013 to 2022 to construct the BankFintech Development Index for empirical analysis. The empirical results show that the development of BankFintech can significantly inhibit SDLU. The mechanism test reveals that BankFintech reduces bank credit risk and liquidity risk by lowering firms’ risk-weighted assets, improving capital adequacy and liquidity ratios, tilts banks’ lending preferences toward duration-matched long-term financing, and “forces” enterprises to take the initiative to improve their financial health and information transparency, enhance their ability to obtain long-term loans, and realize the active management of mismatch risk. Heterogeneity analysis finds that the effect is more significant in non-state-owned enterprises and technology-intensive industries. Further analysis shows that the level of enterprise digitization, the intensity of financial regulation, and related financial policies significantly moderate the marginal effect between the two. This study verified the “Porter’s Risk Mitigation Hypothesis” of Fintech, providing empirical evidence for effectively cracking the financial vulnerability caused by debt maturity mismatch and deepening financial supply-side reform. Full article
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33 pages, 5766 KiB  
Review
Multi-Energy Static Modeling Approaches: A Critical Overview
by Gianluigi Migliavacca
Energies 2025, 18(7), 1826; https://doi.org/10.3390/en18071826 - 4 Apr 2025
Viewed by 586
Abstract
In Europe and elsewhere in the world, current ambitious decarbonization targets push towards a gradual decommissioning of all fossil-fuel-based dispatchable electrical generation and, at the same time, foster a gradual increase in the penetration of Renewable Energy Sources (RES). Moreover, considerations tied to [...] Read more.
In Europe and elsewhere in the world, current ambitious decarbonization targets push towards a gradual decommissioning of all fossil-fuel-based dispatchable electrical generation and, at the same time, foster a gradual increase in the penetration of Renewable Energy Sources (RES). Moreover, considerations tied to decarbonization as well as to the security of supply, following recent geo-political events, call for a gradual replacement of gas appliances with electricity-based ones. As RES generation is characterized by a variable generation pattern and as the electric carrier is characterized by scarce intrinsic flexibility, and since storage capabilities through electrochemical batteries, as well as demand-side flexibility contributions, remain rather limited, it is quite natural to think of other energy carriers as possible service providers for the electricity system. Gas and heat networks and, in the future, hydrogen networks could provide storage services for the electricity system. This could allow increasing the amount of RES penetration to be managed safely by the electric system without incurring blackouts and avoiding non-economically motivated grid reinforcements to prevent the curtailment of RES generation peaks. What is explained above calls for a new approach, both in electricity network dispatch simulations and in grid-planning studies, which extends the simulation domain to other carriers (i.e., gas, heat, hydrogen) so that a global optimal solution is found. This simulation branch, called multi-energy or multi-carrier, has been gaining momentum in recent years. The present paper aims at describing the most important approaches to static ME modeling by comparing the pros and cons of all of them with a holistic approach. The style of this paper is that of a tutorial aimed at providing some guidance and a few bibliographic references to those who are interested in approaching this theme in the next years. Full article
(This article belongs to the Section B: Energy and Environment)
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