Emerging solutions for challenges in real time simulation of power grids

Management of transmission and distribution of electrical power has become an increasingly complex task with the large-scale induction of renewable sources with unsteady production levels, FACTS and HVDC networks, as well as active network control for grid stability and transmission efficiency. Complex power electronic systems are the basis for achieving optimal management of the grid, but deploying, tuning and monitoring these systems is a task that can only be achieved in a secure and efficient manner through the use of simulation. This paper aims to provide an overview of commercially available solutions that allow Real Time Simulation of the complex modern-day power grids.