scholarly journals Budget-cut: introduction to a budget based cutting-plane algorithm for capacity expansion models

2021 ◽  
Author(s):  
Bismark Singh ◽  
Oliver Rehberg ◽  
Theresa Groß ◽  
Maximilian Hoffmann ◽  
Leander Kotzur ◽  
...  
Keyword(s):  
Investment Decisions ◽  
General Setting ◽  
Combinatorial Problem ◽  
System Optimization ◽  
Energy System ◽  
Maximum Amount ◽  
Cutting Plane Algorithm ◽  
Linear Programs ◽  
Carbon Reduction ◽  
Computationally Expensive

AbstractWe present an algorithm to solve capacity extension problems that frequently occur in energy system optimization models. Such models describe a system where certain components can be installed to reduce future costs and achieve carbon reduction goals; however, the choice of these components requires the solution of a computationally expensive combinatorial problem. In our proposed algorithm, we solve a sequence of linear programs that serve to tighten a budget—the maximum amount we are willing to spend towards reducing overall costs. Our proposal finds application in the general setting where optional investment decisions provide an enhanced portfolio over the original setting that maintains feasibility. We present computational results on two model classes, and demonstrate computational savings up to 96% on certain instances.

scholarly journals Optimal Sizing of an Island Hybrid Microgrid Based on Improved Multi-Objective Grey Wolf Optimizer

Processes ◽  
2020 ◽  
Vol 8 (12) ◽  
pp. 1581
Author(s):  
Wenqiang Zhu ◽  
Jiang Guo ◽  
Guo Zhao ◽  
Bing Zeng
Keyword(s):  
Power Supply ◽  
Tidal Current ◽  
System Optimization ◽  
Energy System ◽  
Energy Sources ◽  
Grey Wolf Optimizer ◽  
Grey Wolf ◽  
Hybrid Energy System ◽  
Hybrid Energy ◽  
Multi Objective

The hybrid renewable energy system is a promising and significant technology for clean and sustainable island power supply. Among the abundant ocean energy sources, tidal current energy appears to be very valuable due to its excellent predictability and stability, particularly compared with the intermittent wind and solar energy. In this paper, an island hybrid energy microgrid composed of photovoltaic, wind, tidal current, battery and diesel is constructed according to the actual energy sources. A sizing optimization method based on improved multi-objective grey wolf optimizer (IMOGWO) is presented to optimize the hybrid energy system. The proposed method is applied to determine the optimal system size, which is a multi-objective problem including the minimization of annualized cost of system (CACS) and deficiency of power supply probability (DPSP). MATLAB software is utilized to program and simulate the hybrid energy system. Optimization results confirm that IMOGWO is feasible to optimally size the system, and the energy management strategy effectively matches the requirements of system operation. Furthermore, comparison of hybrid systems with and without tidal current turbines is undertaken to confirm that the utilization of tidal current turbines can contribute to enhancing system reliability and reducing system investment, especially in areas with abundant tidal energy sources.

scholarly journals Interdependencies of Infrastructure Investment Decisions in Multi-Energy Systems—A Sensitivity Analysis for Urban Residential Areas

Smart Cities ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 112-145
Author(s):  
Daniel Then ◽  
Johannes Bauer ◽  
Tanja Kneiske ◽  
Martin Braun
Keyword(s):  
Sensitivity Analysis ◽  
Energy Demand ◽  
Business Models ◽  
Linear Optimization ◽  
Investment Decisions ◽  
Energy System ◽  
Mixed Integer ◽  
The European Union ◽  
Residential Areas ◽  
Mixed Integer Linear Optimization

Considering the European Union (EU) climate targets, the heating sector should be decarbonized by 80 to 95% up to 2050. Thus, the macro-trends forecast increasing energy efficiency and focus on the use of renewable gas or the electrification of heat generation. This has implications for the business models of urban electricity and in particular natural gas distribution network operators (DNOs): When the energy demand decreases, a disproportionately long grid is operated, which can cause a rise of grid charges and thus the gas price. This creates a situation in which a self-reinforcing feedback loop starts, which increases the risk of gas grid defection. We present a mixed integer linear optimization model to analyze the interdependencies between the electricity and gas DNOs’ and the building owners’ investment decisions during the transformation path. The results of the investigation in a real grid area are used to validate the simulation setup of a sensitivity analysis of 27 types of building collectives and five grid topologies, which provides a systematic insight into the interrelated system. Therefore, it is possible to identify building and grid configurations that increase the risk of a complete gas grid shutdown and those that should be operated as a flexibility option in a future renewable energy system.

Hybrid energy system optimization with battery storage for remote area application considering loss of energy probability and economic analysis

Energy ◽  
2021 ◽  
pp. 122303
Author(s):  
Amirreza Naderipour ◽  
Amir Reza Ramtin ◽  
Aldrin Abdullah ◽  
Massoomeh Hedayati Marzbali ◽  
Saber Arabi Nowdeh ◽  
...  
Keyword(s):  
Economic Analysis ◽  
System Optimization ◽  
Energy System ◽  
Remote Area ◽  
Battery Storage ◽  
Hybrid Energy System ◽  
Hybrid Energy

Hybrid Photovoltaic-Diesel Energy System Optimization (Case Study of Electric Power Supply for Buildings under the Weather Conditions of Montenegro)

2014 ◽  
Vol 627 ◽  
pp. 357-364 ◽  
Author(s):  
Goran Radovic ◽  
Vera Murgul ◽  
Nikolai Vatin ◽  
Ekaterina Aronova
Keyword(s):  
Power Systems ◽  
Electric Power ◽  
Power Supply ◽  
Optimal Solution ◽  
Weather Conditions ◽  
System Optimization ◽  
Energy System ◽  
Energy Performance ◽  
Electric Power Supply ◽  
Continuous Power

The article deals with the concept of solar photovoltaic systems use in power supply systems. An analysis of local solar resources potential has been carried out, and optimal orientation points of radiant heat absorbing photovoltaic panels have been chosen to achieve maximum energy performance. Simulation of electric power systems having different configurations has been implemented using the software program Homer. It has been stated that a combination of solar and diesel energy systems is considered to be an optimal solution under the weather conditions of Montenegro. The systems working together make it possible to reduce maintenance costs significantly and adjust capacity generation schedule with due account for energy consumption features to a maximum extent. This allows generating electric power at less cost and results in a more reliable and continuous power supply without failures for a consumer chosen.

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