Federating Solar, Storage and Communications in the Electric Grid and Internet of things

A futuristic infrastructure model is envisioned with distributed modules that can produce solar energy, have a storage system and provide services of lighting, electric-vehicle charging and communications. A stochastic model is formulated for the solar power production and overall consumption of power. Resource allocation in such a system translates to taking decisions in a foresighted manner while maximizing a social surplus with the goal of...