The Energy Optimization, Control and Markets Lab (OCM-Lab) was created in 2014 by Profs. Matias Negrete-Pincetic and Daniel Olivares Quero. The two founding students are Rodrigo Henriquez and George Wenzel. OCM-Lab is part of the Electrical Engineering Department at Pontificia Universidad Católica de Chile. Currently, it has around 20 members including the recently joined associated faculty Prof. Álvaro Lorca. OCM-Lab has vibrant international collaborations including ongoing projects with the University of California at Berkeley, The University of Toronto, Notre Dame University, The University of Texas at Austin and the University of Waterloo. In terms of funding, OCM-Lab receive generous support from Conicyt-Chile, Corfo, Engineering School Seed Funds, Complex Engineering Systems Institute (ISCI) and the Solar Energy Research Center (SERC-Chile).
OCM-Lab is always welcoming prospective new members.
Vision: New operational paradigms and market structures are key to achieve efficient and reliable power and energy systems with large penetration of renewable energy, demand participation and diverse technologies.
Mission: Perform state of the art research in Optimization, Control and Markets for Power and Energy Systems through the development of new models, algorithms, prototypes and practical implementations. Provide solid theoretical and applied tools in Optimization, Control and Markets for undergraduate and graduate students. Disseminate technical information in society. Participate in the public debate about key public policies in energy related matters.
Tools: Power and energy systems. Theoretical and applied optimization, optimal control, stochastic processes. Microeconomics, game theory, auction theory. Simulations.
“The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts.”
– Bertrand Russell