PSO-Based Optimization of Levelized Cost of Energy for Hybrid Renewable Energy System

Author(s):  
Poonam Singh ◽  
Manjaree Pandit ◽  
Laxmi Srivastava
Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7084
Author(s):  
Fadi Kahwash ◽  
Basel Barakat ◽  
Ahmad Taha ◽  
Qammer H. Abbasi ◽  
Muhammad Ali Imran

This study focuses on improving the sustainability of electrical supply in the healthcare system in the UK, to contribute to current efforts made towards the 2050 net-zero carbon target. As a case study, we propose a grid-connected hybrid renewable energy system (HRES) for a hospital in the south-east of England. Electrical consumption data were gathered from five wards in the hospital for a period of one year. PV-battery-grid system architecture was selected to ensure practical execution through the installation of PV arrays on the roof of the facility. Selection of the optimal system was conducted through a novel methodology combining multi-objective optimisation and data forecasting. The optimisation was conducted using a genetic algorithm with two objectives (1) minimisation of the levelised cost of energy and (2) CO2 emissions. Advanced data forecasting was used to forecast grid emissions and other cost parameters at two year intervals (2023 and 2025). Several optimisation simulations were carried out using the actual and forecasted parameters to improve decision making. The results show that incorporating forecasted parameters into the optimisation allows to identify the subset of optimal solutions that will become sub-optimal in the future and, therefore, should be avoided. Finally, a framework for choosing the most suitable subset of optimal solutions was presented.


2020 ◽  
Vol 10 (12) ◽  
pp. 4061 ◽  
Author(s):  
Naoto Takatsu ◽  
Hooman Farzaneh

After the Great East Japan Earthquake, energy security and vulnerability have become critical issues facing the Japanese energy system. The integration of renewable energy sources to meet specific regional energy demand is a promising scenario to overcome these challenges. To this aim, this paper proposes a novel hydrogen-based hybrid renewable energy system (HRES), in which hydrogen fuel can be produced using both the methods of solar electrolysis and supercritical water gasification (SCWG) of biomass feedstock. The produced hydrogen is considered to function as an energy storage medium by storing renewable energy until the fuel cell converts it to electricity. The proposed HRES is used to meet the electricity demand load requirements for a typical household in a selected residential area located in Shinchi-machi in Fukuoka prefecture, Japan. The techno-economic assessment of deploying the proposed systems was conducted, using an integrated simulation-optimization modeling framework, considering two scenarios: (1) minimization of the total cost of the system in an off-grid mode and (2) maximization of the total profit obtained from using renewable electricity and selling surplus solar electricity to the grid, considering the feed-in-tariff (FiT) scheme in a grid-tied mode. As indicated by the model results, the proposed HRES can generate about 47.3 MWh of electricity in all scenarios, which is needed to meet the external load requirement in the selected study area. The levelized cost of energy (LCOE) of the system in scenarios 1 and 2 was estimated at 55.92 JPY/kWh and 56.47 JPY/kWh, respectively.


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