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Faculty and Student Teams Program

questioning Project Descriptions

Pacific Northwest National Laboratory
Energy Technology Development Group

Power System Econophysics

Requesting applications from science, economics or engineering faculty members at institutions serving students underrepresented in science, engineering, mathematics and technology.

Project Description

The GridWiseTM Program at Pacific Northwest National Laboratory (PNNL) is investigating the development and validation of models that describe the joint behavior of electric power markets and systems. Among the opportunities for research is the investigation of models based on physical analogies (e.g., statistical mechanics, quantum mechanics) that yield both time-independent and time-dependent models of the joint econophysical behavior of power systems and power markets. PNNL will provide researchers with access to extensive data sets and simulations of load behavior, system dynamics, power markets, as well as elementary system models from which a first-principles derivation of various system statistics and aggregate properties may be possible.

Applicants Responsibilities and Relationship to Project

Applicants will receive support under the Department of Energy Faculty and Student Team (FaST) Research Program to work collaboratively with the project research team at the Laboratory for up to 10 weeks during the summer of 2006. The exact appointment period in the time frame of June to August will be scheduled by mutual agreement between the host division at Pacific Northwest National Laboratory and the successful applicant. Faculty will be expected to identify a student or students from their campus to participate in the Department of Energy (DOE) FaST program, sponsored by the DOE Office of Science. The faculty member will provide some mentorship to students during the summer research activities. The faculty and student(s) must participate as a group. It is expected that the faculty member and the students become an integral part of the research team working on this project and that opportunities for continued collaboration may be identified.

Qualifications of Ideal Candidate

Faculty: Extensive experience statistical physics, economics, and a basic understanding of power markets, power systems, and theories of complexity. Demonstrated record of innovative thinking in physics and theory.
Student: Undergraduate coursework and research experience in statistical physics and/or experimental economics. Electrical engineering coursework and experience desirable. Highly versatile and original problem solvers highly desirable.

Support and Financial Commitments

See Financial Information.

For More Information contact:

Royace Aiken, Program Manager
Pacific Northwest National Laboratory
E-mail: royace.aikin@pnl.gov
(509) 375-6929
http://science-ed.pnl.gov/index.stm

David P. Chassin, Staff Scientist
Energy and Engineering Division
Pacific Northwest National Laboratory
Richland , Washington 99352
509-375-4369
(509-375-3614 fax)
david.chassin@pnl.gov