Grant: Engage Grants Program

This proposed research project on ""Criteria and algorithmic map for a market-based energy metering solution"", intends to address both a specific problem faced by Colibri Software Inc. in its implementation of physical and stochastic models into intelligent software agent, as well as an approach to the broader problem of energy optimization in the existing electrical grid. This project consists of the definition of a set of viable physical and stochastic constraints in order to develop a framework of interacting software agents. The purpose of these agents is to monitor and control the distribution of energy in a smart grid paradigm. This project is multidisciplinary in nature as it brings together physics, mathematics, and computer science, as well as real-world economic constraints. This is reflected in the areas of expertise of the principal and associate investigators, as well as those from Colibri Software Inc. The successful outcome of this project has the potential to shift the current energy paradigm, to one where energy can be efficiently generated to meet a levelized demand. There are multiple benefits to Canadians from such an energy optimization in terms of costs savings, reduction of greenhouse gases, larger renewable energy penetration, and overall higher service dependability. All these benefits place Canada in a position of global leader in the field of energy efficiency.