TECHNICAL OBJECTIVE Sample Clauses

TECHNICAL OBJECTIVE. The technical objective of this contract is to provide technical, scientific, engineering, analytical, computer programming, and other specialized skills in support of the NVESD and its customers.
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TECHNICAL OBJECTIVE. The primary objective of the SMILE programme on the Orkney islands is to reduce the curtailment of specific renewable generators (at time of writing this was confirmed to be the Xxxxxx wind turbine though this may be expanded), a problem caused by the islands’ limited network capacity for exporting power. By optimally managing the schedules of flexible load, energy that would otherwise have been curtailed may be used to provide local benefits. If this can be demonstrated successfully, future commercial arrangements should see local energy consumers gain access to significantly cheaper energy, with subsequent increases in revenues for local renewable generator owners. The major challenge faced by the utilities with high wind energy penetrations is the curtailed wind energy which Orkney is facing. The mitigation of curtailed wind energy with the help of energy storage and demand response is proposed in61 for system generation cost reduction as the main objective using mixed-integer linear programming. The scheduling of incentive based DR and battery storage systems is carried out in such a way that higher demand periods are aligned with the higher wind energy periods thereby reducing the curtailed wind energy. The frequency signal is used for demand response and the utilities are allowed to reduce the demand for limited duration with incentive payments in return to customers. The more the degree of demand flexibility the higher the share of wind production. The effect of various DR techniques on system costs in the presence of high wind penetration levels is analyzed in 62. As Orkney planned to install 30 units of EV smart charging stations it is also important when determining the type of DR that it is to be applied for charging.
TECHNICAL OBJECTIVE. On Samsø the objective is to maximise the self consumption from local renewable generation assets in order to minimise grid energy consumption. This objective is incentivised by the local tax regime which results in energy bought from grid being approximately seven times more expensive than renewable energy sold to grid. If the objective is achieved owners of small scale renewable generation should make financial savings through avoided grid power consumption. This would also help advance the island’s environmental objectives as it should result in an increase in the overall fraction that renewable energy occupies in the island’s consumption mix.
TECHNICAL OBJECTIVE. Madeira being an island with a considerable share in renewable production and also with a situation where a higher part of the electricity moves towards transportation, will challenge maintaining the balance between supply and load using EVs for demand response. Frequency and voltage control will be important issues in the systems with large renewable penetration due to the volatility in the supply. Frequency regulation requires higher quality of reserves, which can have fast response. The contribution of demand in frequency control reduces the dependency on thermal plants thereby reducing the operational costs. A review of demand response techniques in load frequency control is given in71,72 for both the centralized and decentralized controls. A decentralized smart charging method is proposed 73 for EVs to participate in primary frequency control considering charging demands from EV customers which can provide both charging schedules and frequency regulation simultaneously. It is interesting to bring a group of EVs together via aggregators which acts as a coordinator between EVs and system operator. The regulation capability of the EVs is estimated by the aggregator using optimal bidding strategy and informs the EVs that are chosen for primary frequency control. Also the participation of EVs in the frequency regulation reduces the operational costs, a new distributed frequency control is proposed in74 for randomized responses of EVs based on their locally measured frequency responses.

Related to TECHNICAL OBJECTIVE

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Commercial Milestones In partial consideration of the rights granted by AstraZeneca to Licensee hereunder, Licensee shall pay to AstraZeneca the following payments, which shall be non-refundable, non-creditable and fully earned upon the first achievement of the applicable milestone event:

  • Sales Milestones Subject to the terms and conditions set forth in the Agreement, in the event that the Annual Net Sales made by or on behalf of a Selling Entity for all Licensed Products in a given calendar year first exceeds a threshold set forth in the table immediately below, Pyxis shall pay to LCB the following one-time, non-refundable, non-creditable milestone payments. Annual Net Sales Milestone Threshold Payment (US Dollars) [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] In the event that in a given calendar year more than one (1) Annual Net Sales milestone threshold is achieved, Pyxis shall pay to LCB each separate Annual Net Sales milestone payment with respect to each Annual Net Sales milestone threshold that is achieved in such calendar year. Pyxis shall notify LCB in writing upon the first achievement, in respect of a Licensed Product, by or on behalf of Pyxis or its Affiliate or Sublicensee, of each of the Milestones set forth in Section 5.2 (Development Milestones), Section 5.3 (Regulatory Milestones) and Section 5.4 (Sales Milestones) no later than [***] of Pyxis’s knowledge of achievement thereof, and in any event, each of the Milestones set forth in Section 5.4 (Sales Milestones) no later than [***] after the end of the applicable calendar year in which such Milestone is achieved. No later than [***] of receipt of an appropriate invoice from LCB, Pyxis shall pay the applicable payment due upon achievement of the corresponding Milestone Event. Each Milestone Event shall be deemed to be achieved once for all Licensed Products and shall be payable only once.

  • Regulatory Milestones Celgene shall make the following approval milestone payments to Jounce that are set forth below upon the first achievement by or on behalf of Celgene, its Affiliates or Sublicensees of the Regulatory Milestone Events set forth below with respect to the first Co-Co Product that achieves such event. For clarity, each milestone set forth below shall be due and payable one time only (regardless of the number of Co-Co Products to achieve any such Regulatory Milestone Event). CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. Regulatory Milestone Event (For the first Co-Co Product that achieves such event) Milestone Payments (in $ millions) [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] For each of Paragraphs (1) - (3) of this Exhibit C-2, the Parties understand and agree that in no event will more than one (1) milestone payment be paid with respect to any specific event triggering a payment under this Jounce Lead Co-Co Agreement.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Performance Objectives 4.1 The Performance Plan (Annexure A) sets out-

  • Milestones Subject to the provisions of the SGIP, the Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party’s obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure event, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) requesting appropriate amendments to Attachment 4. The Party affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless it will suffer significant uncompensated economic or operational harm from the delay, (1) attainment of the same milestone has previously been delayed, or (2) it has reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.

  • Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.

  • Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented

  • Acceptance Criteria 6.7.2.1. During the test there shall be no evidence of:

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