Optimization of Storage Systems According to the Criterion of Minimizing the Cost of Electricity for Balancing Renewable Energy Sources

2020 ◽  
Author(s):  
Stanislav Fedorchuk ◽  
Andrii Ivakhnov ◽  
Olexii Bulhakov ◽  
Dmytro Danylchenko
Keyword(s):  
Renewable Energy ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Cost Of Electricity ◽  
The Cost

Assessment of the economic efficiency of renewable energy sources in the Khabarovsk territory

2021 ◽  
Vol 94 (1) ◽  
pp. 219-227
Author(s):  
S. G. Pankratyeva ◽  
Keyword(s):  
Renewable Energy ◽  
Economic Efficiency ◽  
Power Supply ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Full Cost ◽  
Cost Of Electricity ◽  
Environmental Component ◽  
The Cost

The study presents a brief description and problems of power supply of the Khabarovsk territory. The problems and prospects of the development of renewable energy sources, in particular in the Khabarovsk territory, are considered. There are three main approaches that exist in the scientific community for comparing energy objects. The first approach is based on comparing the technical indicators of power facilities, the second on calculating the normalized cost of electricity, and the third is based on monetizing the environmental and climatic consequences of power facilities. During the study, it was found that these approaches differ in the number of indicators included in the calculation of the cost of electricity. In accordance with the selected approaches, evaluation of economic efficiency of three operating power plants of the Khabarovsk territory – coal, diesel and solar – was carried out, monetized estimates of the full cost of three alternatives for the production of electricity in the region were given, taking into account the environmental component. The analysis made it possible to conclude that under the current market conditions, renewable energy sources are most profitable in decentralized areas, and quantitative evaluations have shown that with the introduction of payments for carbon monoxide emissions, renewable energy sources become an economically effective way of organizing energy supply in the region, including in the regions with centralized power supply.

Modeling an Energy Storage System Based on a Hybrid Renewable Energy System in Stand-alone Applications

2017 ◽  
Vol 68 (11) ◽  
pp. 2641-2645
Author(s):  
Alexandru Ciocan ◽  
Ovidiu Mihai Balan ◽  
Mihaela Ramona Buga ◽  
Tudor Prisecaru ◽  
Mohand Tazerout
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Storage System ◽  
Energy Storage System ◽  
Compressed Air ◽  
Energy Sources ◽  
Energy Storage Systems ◽  
Hybrid Renewable Energy System

The current paper presents an energy storage system that stores the excessive energy, provided by a hybrid system of renewable energy sources, in the form of compressed air and thermal heat. Using energy storage systems together with renewable energy sources represents a major challenge that could ensure the transition to a viable economic future and a decarbonized economy. Thermodynamic calculations are conducted to investigate the performance of such systems by using Matlab simulation tools. The results indicate the values of primary and global efficiencies for various operating scenarios for the energy storage systems which use compressed air as medium storage, and shows that these could be very effective systems, proving the possibility to supply to the final user three types of energy: electricity, heat and cold function of his needs.

scholarly journals Decentralized Frequency Control of Battery Energy Storage Systems Distributed in Isolated Microgrid

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 3026 ◽  
Author(s):  
Watcharakorn Pinthurat ◽  
Branislav Hredzak
Keyword(s):  
Renewable Energy ◽  
Control System ◽  
Storage Systems ◽  
Frequency Control ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Droop Control ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy

The penetration and integration of renewable energy sources into modern power systems has been increasing over recent years. This can lead to frequency excursion and low inertia due to renewable energy sources’ intermittency and absence of rotational synchronous machines. Battery energy storage systems can play a crucial role in providing the frequency compensation because of their high ramp rate and fast response. In this paper, a decentralized frequency control system composed of three parts is proposed. The first part provides adaptive frequency droop control with its droop coefficient a function of the real-time state of charge of battery. The second part provides a fully decentralized frequency restoration. In the third part, a virtual inertia emulation improves the microgrid resilience. The presented results demonstrate that the proposed control system improves the microgrid resilience and mitigates the frequency deviation when compared with conventional ω -P droop control and existing control systems. The proposed control system is verified on Real-Time Digital Simulator (RTDS), with accurate microgrid model, nonlinear battery models and detailed switching models of power electronic converters.

scholarly journals Sizing and Allocation of Battery Energy Storage Systems in Åland Islands for Large-Scale Integration of Renewables and Electric Ferry Charging Stations

Energies ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 317 ◽  
Author(s):  
Jagdesh Kumar ◽  
Chethan Parthasarathy ◽  
Mikko Västi ◽  
Hannu Laaksonen ◽  
Miadreza Shafie-Khah ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Energy Storage Systems ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy ◽  
Charging Stations

The stringent emission rules set by international maritime organisation and European Directives force ships and harbours to constrain their environmental pollution within certain targets and enable them to employ renewable energy sources. To this end, harbour grids are shifting towards renewable energy sources to cope with the growing demand for an onshore power supply and battery-charging stations for modern ships. However, it is necessary to accurately size and locate battery energy storage systems for any operational harbour grid to compensate the fluctuating power supply from renewable energy sources as well as meet the predicted maximum load demand without expanding the power capacities of transmission lines. In this paper, the equivalent circuit battery model of nickel–cobalt–manganese-oxide chemistry has been utilised for the sizing of a lithium-ion battery energy storage system, considering all the parameters affecting its performance. A battery cell model has been developed in the Matlab/Simulink platform, and subsequently an algorithm has been developed for the design of an appropriate size of lithium-ion battery energy storage systems. The developed algorithm has been applied by considering real data of a harbour grid in the Åland Islands, and the simulation results validate that the sizes and locations of battery energy storage systems are accurate enough for the harbour grid in the Åland Islands to meet the predicted maximum load demand of multiple new electric ferry charging stations for the years 2022 and 2030. Moreover, integrating battery energy storage systems with renewables helps to increase the reliability and defer capital cost investments of upgrading the ratings of transmission lines and other electrical equipment in the Åland Islands grid.

scholarly journals Assessing Renewable Energy Sources for Electricity (RES-E) Potential using a CAPM-Analogous Multi-Stage Model

Energies ◽  
2019 ◽  
Vol 12 (19) ◽  
pp. 3599 ◽  
Author(s):  
Martinez-Fernandez ◽  
deLlano-Paz ◽  
Calvo-Silvosa ◽  
Soares
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Carbon Capture ◽  
Renewable Energy Sources ◽  
Carbon Capture And Storage ◽  
Offshore Wind ◽  
Energy Sources ◽  
Low Carbon ◽  
Multi Stage ◽  
The Cost

Carbon mitigation is a major aim of the power-generation regulation. Renewable energy sources for electricity are essential to design a future low-carbon mix. In this work, financial Modern Portfolio Theory (MPT) is implemented to optimize the power-generation technologies portfolio. We include technological and environmental restrictions in the model. The optimization is carried out in two stages. Firstly, we minimize the cost and risk of the generation portfolio, and afterwards, we minimize its emission factor and risk. By combining these two results, we are able to draw an area which can be considered analogous to the Capital Market Line (CML) used by the Capital Asset Pricing model (CAPM). This area delimits the set of long-term power-generation portfolios that can be selected to achieve a progressive decarbonisation of the mix. This work confirms the relevant role of small hydro, offshore wind, and large hydro as preferential technologies in efficient portfolios. It is necessary to include all available renewable technologies in order to reduce the cost and the risk of the portfolio, benefiting from the diversification effect. Additionally, carbon capture and storage technologies must be available and deployed if fossil fuel technologies remain in the portfolio in a low-carbon approach.

scholarly journals The Cost-Benefit Analysis of the Electricity Production from Small Scale Renewable Energy Sources in the Conditions of Romania

2019 ◽  
Vol 32 ◽  
pp. 385-389 ◽  
Author(s):  
Pavel Atănăsoae ◽  
Radu Dumitru Pentiuc ◽  
Dan Laurențiu Milici ◽  
Elena Daniela Olariu ◽  
Mihaela Poienar
Keyword(s):  
Renewable Energy ◽  
Cost Benefit Analysis ◽  
Renewable Energy Sources ◽  
Cost Benefit ◽  
Electricity Production ◽  
Energy Sources ◽  
Small Scale ◽  
Benefit Analysis ◽  
The Cost

Evaluating renewable energy choices among rural communities in Nigeria. An insight for energy policy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Innocent Okwanya ◽  
Abdulkareem Alhassan ◽  
Job Pristine Migap ◽  
Simon Adeka Sunday
Keyword(s):  
Renewable Energy ◽  
Rural Communities ◽  
Energy Policy ◽  
Multinomial Logistic Regression ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
North Central ◽  
Content Type ◽  
The Cost ◽  
Policy Incentives

Purpose This study aims to examine the effects of policy incentives and cost on the choice and use of renewable energy in North-Central Nigeria. Design/methodology/approach The data for this study are collected from a sample of 290 respondents drawn from across 6 states in North-Central Nigeria, including the Federal Capital Territory. This study uses descriptive statistics and multinomial logistic regression to analyze the data. Findings The findings reveal that there is a huge potential demand for renewable energy sources (particularly solar photovoltaic) in the rural communities in Nigeria. It also indicates a positive and highly significant relationship between the level of awareness, availability and income and the use (consumption) of renewable energy sources among the rural communities. Furthermore, the cost of installation and maintenance of renewable energy, its reliability and availability are significant determinants of renewable energy choices among rural inhabitants in Nigeria. Practical implications The authors submit that inefficient policy strategies, high cost of installation and lack of awareness remain the major hindrances to the use of more efficient renewable energy sources. From a policy point of view, a viable strategy for effective use of renewable energy sources is the involvement of government, development partners and agencies for the funding of renewable energy technology in the rural sector of the country. The usage of modern renewable energy would increase if policy incentives are aimed at covering parts of the maintenance and installation cost of renewable energy users. The authors recommend that apart from creating awareness on the benefits of renewable energy, policymakers should provide a desirable policy environment for private energy firms to supply renewable energy at an affordable cost to the rural communities in Nigeria. Social implications A majority of the rural households in Nigeria, as shown in this article, are poor and therefore use firewood as their main source of cooking energy because of the cost of renewable energy. Originality/value Despite the abundance of renewable energy sources and government effort at improving renewable energy use, more than 15 million people live without access to electricity and 54 million are without modern energy services for cooking and lightening in Nigeria. A total of 61% of these people live in rural areas. Therefore, this study is novel in providing energy policy insights for rural communities in North-Central Nigeria.

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