Hydrogen is a promising commodity, a renewable secondary energy source, and feedstock alike, to meet greenhouse gas emissions targets and promote economic decarbonization. A common goal pursued by many countries, the hydrogen economy receives a blending of public and private capital. After European Green Deal, state members created national policies focused on green hydrogen. This paper presents a study of energy transition considering green hydrogen production to identify Portugal’s current state and prospects. The analysis uses energy generation data, hydrogen production aspects, CO${}_2$ emissions indicators and based costs. A comprehensive simulation estimates the total production of green hydrogen related to the ratio of renewable generation in two different scenarios. Then a comparison between EGP goals and Portugal’s transport and energy generation prospects is made. Portugal has an essential renewable energy matrix that supports green hydrogen production and allows for meeting European green hydrogen 2030–2050 goals. Results suggest that promoting the conversion of buses and trucks into H${}_2$-based fuel is better for CO${}_2$ reduction. On the other hand, given energy security, thermoelectric plants fueled by H${}_2$ are the best option. The aggressive scenario implies at least 5% more costs than the moderate scenario, considering economic aspects.

The energy resource management (ERM) problem in today’s energy systems is complex and challenging due to the increasing penetration of distributed energy resources with uncertain behavior. Despite the improvement of forecasting tools, and the development of strategies to deal with this uncertainty (for instance, considering Monte Carlo simulation to generate a set of different possible scenarios), the risk associated with such variable resources cannot be neglected and deserves proper attention to guarantee the correct functioning of the entire system. This paper proposes a risk-based optimization approach for the centralized day-ahead ERM taking into account extreme events. Risk-neutral and risk-averse methodologies are implemented, where the risk-averse strategy considers the worst scenario costs through the conditional value-at-risk ( $CVaR$ ) method. The model is formulated from the perspective of an aggregator that manages multiple technologies such as distributed generation, demand response, energy storage systems, among others. The case study analysis the aggregator’s management inserted in a 13-bus distribution network in the smart grid context with high penetration of renewable energy and electric vehicles. Results show an increase of nearly 4% in the day-ahead operational costs comparing the risk-neutral to the risk-averse strategy, but a reduction of up to 14% in the worst-case scenario cost. Thus, the proposed model can provide safer and more robust solutions incorporating the CVaR tool into the day-ahead management.