With the rise in the utilization of free fuel energy sources, namely solar and wind, across the globe, it has become necessary to study and implement models of a sustainable power network. This paper focuses on the design of a conceptual power network based on photovoltaics (PV) for power generation and lithium-ion batteries for storage. The power system showcases the various metrics that are involved in a grid-tied PV- and battery-based power network. It also encompasses the various design parameters and sizing considerations to design and conceptualize such a power network. The model focuses on the importance of the conservation of power by avoiding wastage of generated power through inverter sizing and design considerations. Finally, an economic and feasibility analysis is carried out to showcase the economic viability of the PV- and battery-based power network in today’s alternating current (AC)-based grid.
Photovoltaics- and Battery-Based Power Network as Sustainable Source of Electric Power