Economic Modeling of Hybrid Energy System

2013 ◽  
Author(s):  
Olumide Bello ◽  
Da’Janel Roberts-Smith ◽  
Landon Onyebueke
Keyword(s):  
Rural Communities ◽  
High Performance ◽  
Low Cost ◽  
Energy Systems ◽  
Energy System ◽  
Economic Modeling ◽  
Sustainable Mobility ◽  
Hybrid Energy System ◽  
Hybrid Energy ◽  
Hybrid Energy Systems

Hybrid Energy Systems (HES) offer hopeful solutions to an array of challenges circumventing conventional energy usage. From sustainable mobility developments to rural communities, hybrid energy systems can provide reliable energy to suffice any load demand when properly sized. Sizing optimality is essential in maintaining low-cost, high-performance and superior efficiency. The methodology for sizing a Photovoltaic-Wind-Diesel with battery backup hybrid energy system and its accompanying costs are calculated using Homer software. The results are presented in this article. Such costs include the concept of levelized cost of energy (LCOE), time-dependent trade-off considerations necessary to deploy a functional, reliable and cost-effective energy system and comfort. The anticipated output of this economic model validates the feasibility of attaining affordability and optimality in a HES that relies on renewable energy and battery storage for applications of varying scales.

scholarly journals Potential Techno-Economic Feasibility of Hybrid Energy Systems for Electrifying Various Consumers in Yemen

2020 ◽  
Vol 13 (1) ◽  
pp. 228
Author(s):  
Saif Mubaarak ◽  
Delong Zhang ◽  
Jinxin Liu ◽  
Yongcong Chen ◽  
Longze Wang ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Diesel Engine ◽  
Energy Systems ◽  
Energy System ◽  
Economic Feasibility ◽  
Hybrid Energy System ◽  
Hybrid Energy ◽  
Hybrid Energy Systems ◽  
The Status ◽  
Energy Strategies

Global warming and climate change are becoming a global concern. In this regard, international agreements and initiatives have been launched to accelerate the use of renewable energy and to mitigate greenhouse gas (GHG) emissions. Yemen is one of the countries signed on these agreements. However, Yemen is facing the problem that the structure of the power grid is fragile and the power shortage is serious. Accordingly, this paper aims to study the potential for renewable energy in Yemen and assess the technical and economic feasibility of hybrid energy systems. Firstly, this paper introduces the status and challenges of Yemen’s electricity sector, the status of renewable energy, and the status of GHG emission. Secondly, this study proposes the method of optimizing different configurations of off-grid hybrid (solar/wind/diesel engine) energy systems for electrifying various consumers in Taiz province, Yemen under three scenarios of energy strategies. The objective function is to seek the most optimal hybrid energy system that achieves the least cost and most advantageous technical performance, while instigating the best economic scenario of energy strategies. Finally, Homer pro software is used for simulation, optimization, and sensitivity analysis of the designed energy systems. The results found the best economically feasible scenario, the hybrid PV/wind/diesel energy system, among the other scenarios. A photovoltaic (PV)/wind energy system achieved the best technical performances of 100% CO2 reduction, with a 54.82% reduction in the net present cost (NPC) and cost of energy (COE); while the hybrid energy system (PV/wind/diesel engine) achieved the best economic cost of 61.95% reduction in NPC and COE, with a 97.44% reduction of CO2 emission.

scholarly journals Optimal Sizing and Scheduling of Hybrid Energy Systems: The Cases of Morona Santiago and the Galapagos Islands

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3933
Author(s):  
Pablo Benalcazar ◽  
Adam Suski ◽  
Jacek Kamiński
Keyword(s):  
Fossil Fuels ◽  
Programming Model ◽  
Energy Systems ◽  
Energy System ◽  
Economic Feasibility ◽  
Hybrid Energy System ◽  
Support Tool ◽  
Energy Supply System ◽  
Hybrid Energy ◽  
Hybrid Energy Systems

Hybrid energy systems (HESs) generate electricity from multiple energy sources that complement each other. Recently, due to the reduction in costs of photovoltaic (PV) modules and wind turbines, these types of systems have become economically competitive. In this study, a mathematical programming model is applied to evaluate the techno-economic feasibility of autonomous units located in two isolated areas of Ecuador: first, the province of Galapagos (subtropical island) and second, the province of Morona Santiago (Amazonian tropical forest). The two case studies suggest that HESs are potential solutions to reduce the dependence of rural villages on fossil fuels and viable mechanisms to bring electrical power to isolated communities in Ecuador. Our results reveal that not only from the economic but also from the environmental point of view, for the case of the Galapagos province, a hybrid energy system with a PV–wind–battery configuration and a levelized cost of energy (LCOE) equal to 0.36 $/kWh is the optimal energy supply system. For the case of Morona Santiago, a hybrid energy system with a PV–diesel–battery configuration and an LCOE equal to 0.37 $/kWh is the most suitable configuration to meet the load of a typical isolated community in Ecuador. The proposed optimization model can be used as a decision-support tool for evaluating the viability of autonomous HES projects at any other location.

scholarly journals Techno-economic Analysis of Renewable-based Stand-alone Hybrid Energy Systems Considering Load Growth and Photovoltaic Depreciation Rates

2021 ◽  
Author(s):  
Haipeng Guan ◽  
Yan Ren ◽  
Qiuxia Zhao ◽  
Hesam Parvaneh
Keyword(s):  
Energy Systems ◽  
Energy System ◽  
Optimal Operation ◽  
Energy Sources ◽  
Hybrid Energy System ◽  
Hybrid Energy ◽  
Load Growth ◽  
Hybrid Energy Systems ◽  
Degradation Rates ◽  
Influential Parameters

The increasing trend in power consumption, mainly due to the rapid population growth, has resulted in grid outages and low-reliability grid connections. Renewable-based hybrid energy systems are one of the emerging alternatives for traditional and low-reliability grid connections. In this paper, a stand-alone hybrid energy system is proposed for a remote residential house. HOMER software is used for the optimisation of the proposed energy system. The main contribution of the paper is focused on considering two influential parameters, such as annual load growth and photovoltaic (PV) degradation rates in the optimal planning of the hybrid energy system. Simulation results indicate that considering influential parameters more realistic results, including system configuration, total net present cost (NPC) and optimal operation of the energy sources are achievable. Total NPC of the system obtained as 70,072 US$, which shows 52,029 US$ growth in comparison to the case neglected annual load growth and PV degradation rates. The optimum configuration benefits from higher penetration of renewable energy sources (RESs). Moreover, according to the comparison made with only-grid system, the proposed hybrid renewable-based energy system saves a large number of emissions. Based on the results, around 292,049.4202 kg emissions have been saved over 25 years of the project.

scholarly journals Resiliency Analysis of Hybrid Energy Systems within Interconnected Infrastructures

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7499
Author(s):  
Hossam A. Gabbar
Keyword(s):  
High Performance ◽  
Social Systems ◽  
Energy Systems ◽  
Energy System ◽  
Remote Communities ◽  
Hybrid Energy ◽  
Emergency Situations ◽  
Hybrid Energy Systems ◽  
Improved Performance ◽  
Water Waste

There are world tendencies to implement interconnected infrastructures of energy-water-waste-transportation-food-health-social systems to enhance the overall performance in normal and emergency situations where there are multiple interactions among them with possible conversions and improved efficiencies. Hybrid energy systems are core elements within interconnected infrastructures with possible conversions among electricity, thermal, gas, hydrogen, waste, and transportation networks. This could be improved with storage systems and intelligent control systems. It is important to study resiliency of hybrid energy systems within interconnected infrastructures to ensure reduced risks and improved performance. This paper presents framework for the analysis of resiliency layers as related to protection layers. Case study of hybrid energy system as integrated with water, waste, and transportation infrastructures is presented where different resiliency and protection layers are assessed. Performance measures are modeled and evaluated for possible interconnection scenarios with internal and external factors that led to resiliency demands. Resiliency layers could trigger protection layers under certain conditions, which are evaluated to achieve high performance hybrid energy systems within interconnected infrastructures. The proposed approach will support urban, small, and remote communities to achieve high performance interconnected infrastructures for normal and emergency situations.

scholarly journals Accessibility and Sustainability of Hybrid Energy Systems for a Cement Factory in Oman

2020 ◽  
Vol 13 (1) ◽  
pp. 93
Author(s):  
Wesam H. Beitelmal ◽  
Paul C. Okonkwo ◽  
Fadhil Al Housni ◽  
Wael Alruqi ◽  
Omar Alruwaythi
Keyword(s):  
Functional Limitations ◽  
Energy Systems ◽  
Energy System ◽  
Electricity Production ◽  
Diesel Generator ◽  
Hybrid Energy ◽  
Electric System ◽  
Cement Factory ◽  
Hybrid Energy Systems ◽  
Cost Of Energy

Diesel generators are being used as a source of electricity in different parts of the world. Because of the significant expense in diesels cost and the requirement for a greener domain, such electric generating systems appear not to be efficient and environmentally friendly and should be tended to. This paper explores the attainability of utilizing a sustainable power source based on a cross-breed electric system in the cement factory in Salalah, Oman. The HOMER software that breaks down the system setup was utilized to examine the application and functional limitations of each hybridized plan. The result showed that a renewable-energy (RE)-based system has a lower cost of energy (COE) and net present cost (NPC) compared to diesel generator-based hybrid electric and standalone systems. Although the two pure renewable hybrid energy systems considered in this study displayed evidence of no emissions, lower NPC and COE values are observed in the photovoltaic/battery (PV/B) hybrid energy system compared with photovoltaic/wind turbine/battery (PV/WT/B). The PV/WT/B and PV/B systems have higher electricity production and low NPC and COE values. Moreover, the PV/B has the highest return on investment (ROI) and internal rate of return (IRR), making the system the most economically viable and adjudged to be a better candidate for rural community electrification demands.

A Review on Design and Development of high Reliable Hybrid Energy Systems with Droop Control Techniques

2016 ◽  
Vol 7 (3) ◽  
pp. 974
Author(s):  
G. Srinivasa Rao ◽  
K. Harinadha Reddy
Keyword(s):  
Energy Systems ◽  
Energy System ◽  
Power Sharing ◽  
Hybrid Energy System ◽  
Hybrid Energy ◽  
Point Tracking ◽  
Power Point Tracking ◽  
Droop Characteristic ◽  
Power Point ◽  
Wind Energy Systems

<p>Hybrid Energy system is a combination of two or more different types of energy resources. Now a day this hybrid energy system plays key role in various remote area power applications. Hybrid energy system is more reliable than single energy system. This paper deals with high reliable hybrid energy system with solar, wind and micro hydro resources. The proposed hybrid system cable of multi mode operation and high reliable due to non communicated based controllers (Droop Characteristic Control) are used for optimal power sharing.  size of battery can be reduced because hydro used as back up source and Maximum power point Tracking also applied to solar and wind energy systems.</p>

scholarly journals Notes on the Economics of Residential Hybrid Energy System

Energies ◽  
2019 ◽  
Vol 12 (14) ◽  
pp. 2639
Author(s):  
Mahelet G. Fikru ◽  
Gregory Gelles ◽  
Ana-Maria Ichim ◽  
Joseph D. Smith
Keyword(s):  
Renewable Energy ◽  
Energy Systems ◽  
Energy System ◽  
Economic Feasibility ◽  
Energy Output ◽  
Small Scale ◽  
Hybrid Energy System ◽  
Hybrid Energy ◽  
Residential Sector ◽  
Hybrid Renewable Energy

Despite advances in small-scale hybrid renewable energy technologies, there are limited economic frameworks that model the different decisions made by a residential hybrid system owner. We present a comprehensive review of studies that examine the techno-economic feasibility of small-scale hybrid energy systems, and we find that the most common approach is to compare the annualized life-time costs to the expected energy output and choose the system with the lowest cost per output. While practical, this type of benefit–cost analysis misses out on other production and consumption decisions that are simultaneously made when adopting a hybrid energy system. In this paper, we propose a broader and more robust theoretical framework—based on production and utility theory—to illustrate how the production of renewable energy from multiple sources affects energy efficiency, energy services, and energy consumption choices in the residential sector. Finally, we discuss how the model can be applied to guide a hybrid-prosumer’s decision-making in the US residential sector. Examining hybrid renewable energy systems within a solid economic framework makes the study of hybrid energy more accessible to economists, facilitating interdisciplinary collaborations.

scholarly journals Daily Operation Optimization of a Hybrid Energy System Considering a Short-Term Electricity Price Forecast Scheme

Energies ◽  
2019 ◽  
Vol 12 (5) ◽  
pp. 924 ◽  
Author(s):  
Pedro Bento ◽  
Hugo Nunes ◽  
José Pombo ◽  
Maria Calado ◽  
Sílvio Mariano
Keyword(s):  
Energy Systems ◽  
Energy System ◽  
Short Term ◽  
Operation Optimization ◽  
Hybrid Energy ◽  
Price Forecast ◽  
Hybrid Energy Systems ◽  
The Cost ◽  
Transportation Electrification ◽  
Installed Capacity

The scenario where the renewable generation penetration is steadily on the rise in an increasingly atomized system, with much of the installed capacity “sitting” on a distribution level, is in clear contrast with the “old paradigm” of a natural oligopoly formed by vertical structures. Thereby, the fading of the classical producer–consumer division to a broader prosumer “concept” is fostered. This crucial transition will tackle environmental harms associated with conventional energy sources, especially in this age where a greater concern regarding sustainability and environmental protection exists. The “smoothness” of this transition from a reliable conventional generation mix to a more volatile and “parti-colored" one will be particularly challenging, given escalating electricity demands arising from transportation electrification and proliferation of demand-response mechanisms. In this foreseeable framework, proper Hybrid Energy Systems sizing, and operation strategies will be crucial to dictate the electric power system’s contribution to the “green” agenda. This paper presents an optimal power dispatch strategy for grid-connected/off-grid hybrid energy systems with storage capabilities. The Short-Term Price Forecast information as an important decision-making tool for market players will guide the cost side dispatch strategy, alongside with the storage availability. Different scenarios were examined to highlight the effectiveness of the proposed approach.

scholarly journals Techno-Economic Evaluation of Interconnected Nuclear-Renewable Micro Hybrid Energy Systems with Combined Heat and Power

Energies ◽  
2020 ◽  
Vol 13 (7) ◽  
pp. 1642 ◽  
Author(s):  
Hossam A. Gabbar ◽  
Muhammad R. Abdussami ◽  
Md. Ibrahim Adham
Keyword(s):  
Fossil Fuel ◽  
Renewable Energy Sources ◽  
Ghg Emissions ◽  
Energy Systems ◽  
Energy System ◽  
Combined Heat And Power ◽  
Small Scale ◽  
Hybrid Energy ◽  
Hybrid Energy Systems ◽  
The Impact

Renewable energy sources (RESs) play an indispensable role in sustainable advancement by reducing greenhouse gas (GHG) emissions. Nevertheless, due to the shortcomings of RESs, an energy mix with RESs is required to support the baseload and to avoid the effects of RES variability. Fossil fuel-based thermal generators (FFTGs), like diesel generators, have been used with RESs to support the baseload. However, using FFTGs with RESs is not a good option to reduce GHG emissions. Hence, the small-scale nuclear power plant (NPPs), such as the micro-modular reactor (MMR), have become a modern alternative to FFTGs. In this paper, the authors have investigated five different hybrid energy systems (HES) with combined heat and power (CHP), named ‘conventional small-scale fossil fuel-based thermal energy system,’ ‘small-scale stand-alone RESs-based energy system,’ ‘conventional small-scale fossil fuel-based thermal and RESs-based HES,’ ‘small-scale stand-alone nuclear energy system,’ and ‘nuclear-renewable micro hybrid energy system (N-R MHES),’ respectively, in terms of net present cost (NPC), cost of energy (COE), and GHG emissions. A sensitivity analysis was also conducted to identify the impact of the different variables on the systems. The results reveal that the N-R MHES could be the most suitable scheme for decarbonization and sustainable energy solutions.

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