Power Routing: Active Asset Management in Power Electronics Systems

This article proposes a power routing approach for active asset management in power-electronic-based power systems. The proposed approach aims to expand the lifecycle of power converters as the key assets of modern energy systems. Moreover, it takes into account the operational costs of converter-based generation units in order to obtain economic dispatch in the system. As a result, the useful lifetime of converters is enhanced, thus improving the overall reliability of the system with respect to the operational costs of the generations. A numerical case study on a dc distribution system is presented to illustrate the effectiveness of the proposed approach.