Just write
author = {Lovelace, Will},
The double braces in author = {{Lovelace, Will}}, stop Biber (and BibTeX) from parsing the name as the name of a person with family and given names. Instead the name is just interpreted as consisting of the family name "Lovelace, Will". This is desirable for corporate authors (see Using a 'corporate author' in the "author" field of a bibliographic entry (spelling out the name in full)), but not for people.
You can find out more about the valid input formats for names in How should I type author names in a bib file?.
I also remove the WYSIWYG bracing from the title field. See Proper casing in citation/bibliography titles using biblatex/Biber, Capitalize words in Bibtex files: {Word} or {W}ord?, What is the proper casing to use when storing titles in the bibliography database? and more.
\documentclass{article}
\usepackage[style=alphabetic]{biblatex}
\usepackage{filecontents}
\begin{filecontents*}{\jobname.bib}
@online{lovelace2015low,
author = {Lovelace, Will},
title = {Low {SCR} Wind Integration and Mitigation},
url = {http://www.cce.umn.edu/documents/CPE-Conferences/MIPSYCON-PowerPoints/2015/PGLowSCRWindGenerationInstabilityIdentificationandMitigation.pdf},
organization = {Minnkota Power Cooperative},
date = {2015-11-11},
urldate = {2019-05-20},
}
\end{filecontents*}
\addbibresource{\jobname.bib}
\begin{document}
\textcite{lovelace2015low}
\printbibliography
\end{document}
![Lovelace [Lov15]](../../images/b804315152e5755c00484f95d60201fc.webp)
If you want the author to appear as
Lovelace, Will
and not as
Will Lovelace
in the bibliography, you need
\DeclareNameAlias{author}{sortname}
\DeclareNameAlias{editor}{sortname}
\DeclareNameAlias{translator}{sortname}
\DeclareNameAlias{sortname}{family-given}