Investments in Renewable Energy for Smart Grid Technology Development

2019 ◽  
pp. 97-105
Author(s):  
Oleksandra V. Kubatko ◽  
Tetyana S. Tolok ◽  
Harrison O. Edafejimue ◽  
Ismail Y. A. Almashaqbeh
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Smart Grid ◽  
Energy Supply ◽  
Technology Development ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Energy Sources ◽  
Grid Technology ◽  
Smart Grid Technology

The current state of economic development foreseen an increasing production processes efficiency and determines the demand for energy resources. At the same time, the global use of traditional energy sources is steadily growing and currently it is still dominant. Considering the empirical arguments regarding environmental degradation and problems related to climate change, the development and implementation of smart and safe energy technologies, such as the Smart Grid, is relevant. Smart and secure power grids today are seen as technologies that facilitate the transition of the energy system supply from traditional electrical networks to more sustainable and environmentally friendly operations. The article deals with theoretical and methodological approaches that reveal the essence of the Smart Grid concept, and analyzes the main areas of investment in such technologies. It is underlined that to ensure energy security and environmental sustainability of energy supply sector the generation of electric power should be based on the use of renewable energy sources. The long-run sustainability of energy sector in climate change conditions is guaranteed by forming deep links between renewable energy generation and Smart Grid technologies. The paper discusses the main factors which may influence the Smart Grid technology development. The investments in renewable energy are named to be the most important factor of Smart Grid technology development. The lack of investments is considered to be an important factor of poor energy efficiency in developing economies. In addition, the article focuses on European experience regarding the implementation of smart and safe energy systems based on renewable energy sources. It is underlined the best EU counties experience for Smart Grid technology development based on investments in renewable energy sector. Key words: Smart Grid, renewable energy, economic process, power network, energy supply, efficiency, investment.

scholarly journals Managing Energy Demand of Renewable Energy Sources by using Smart Grid Technology

2019 ◽  
Vol 8 (2S8) ◽  
pp. 1234-1238
Keyword(s):  
Renewable Energy ◽  
Smart Grid ◽  
Energy Demand ◽  
Renewable Energy Sources ◽  
Electrical Network ◽  
Energy Sources ◽  
Grid Technology ◽  
Renewable Sources ◽  
Smart Grid Technology ◽  
Day By Day

Day by day the non-renewable sources of power are getting depleted. Due to higher demands of energy the necessity of such sources is becoming more important in the field of electrical power according to the estimates of power sector the usage of renewable component has increased by 9% w.r.t to 2013. Even though non-renewable sources capacity increasing day by day the complexity of the power system network increasing which result in mismatch between voltage and power in electrical network. By using smart grid technology, we can minimize the unequal effect of voltage and power in the domain of renewable energy source. Smart grid technology uses digital transformation of electrical parameter to central coordination center at high sample rate, which uses effective and reliable operation in managing energy demand of renewable energy sources

scholarly journals Economic Optimization of Resource Use Based on Smart Grid

2020 ◽  
pp. 37-47
Author(s):  
O.V. Kubatko ◽  
V.M. Ignatchenko ◽  
S.V. Shaparenko ◽  
I.A. Starodub ◽  
D.O. Yaryomenko
Keyword(s):  
Renewable Energy ◽  
Smart Grid ◽  
Energy Policy ◽  
Distribution Systems ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Energy Sources ◽  
Economic Optimization ◽  
Smart Energy Systems

There are significant changes in society's approaches to the energy policy development in the modern world. It is observable a transition from the old model of the energy sector maintenance, which was dominated by large producers, inefficient networks, fossil fuels, imperfect competition in the markets of natural gas, coal, electricity - to a new model, which creates a more competitive environment and equalizes opportunities for development and the dominance one of the types energy production or sources of fuel supply. The traditional network is based on centralized power plants that supply electricity to consumers through simple one-way transmission and distribution systems. The bulk of the current electricity generation capacity in Ukraine is generated by fossil fuels, which significantly contributes to the increase of the carbon dioxide concentration in the Earth's atmosphere and has a corresponding negative consequences for the climate. At the same time, modern preferences are given to increasing energy efficiency and the use of energy from renewable and alternative sources. Implementation of adaptation and prevention measures for climate change is also one of the priorities of global energy development. The renewable energy promotion is causing new economic and scientific challenges for Ukraine. However, at the same time it opens new perspectives for the search and implementation of innovative developments in the field of extraction, processing of fossil fuels, energy supply and consumption, which leads to create a new energy policy of the state. The article discusses theoretical and methodological approaches that reveal the benefits of Smart Grid using. It is emphasized that ensuring energy security and environmental sustainability of the energy sector should be based on the use of renewable energy sources. The article analyzes the main factors that can affect the development of Smart Grid technology. Also, the article describes the best experience of the EU countries, which are introducing smart energy systems for the economic optimization of renewable energy sources use.

scholarly journals Assessment of the climatic resource potential of solar radiation as a renewable energy source.

2021 ◽  
Author(s):  
Valentina Zadvornykh ◽  
Trofimova Oksana
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Solar Radiation ◽  
Solar Energy ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Total Solar Radiation ◽  
The Russian Federation ◽  
Decentralized Energy

<p>Due to climate change and the need to reduce greenhouse gas emissions, the trend in the development of global energy is aimed at increasing the share of the introduction of environmentally friendly renewable energy sources. This contributes to ensuring sustainable heat and energy supply to the population and production in the zones of decentralized energy supply, which increases the energy security of the regions and the country as a whole. In addition, the introduction of renewable energy sources is seen as a key tool in adapting to climate change.</p><p>The report examines the climatic conditions of the territory of the Russian Federation in order to assess the prospects for the practical use of solar energy.</p><p>The basis of solar energy resources in a given point or region is the duration of the solar radiation and the amount of direct and total solar radiation entering the horizontal surface.</p><p>The research uses data from observations of the actinometric network of the Russian Federation. In areas where there are no observations of solar radiation, either indirect methods of calculation or access to open and accessible databases were used.</p><p>Based on the analysis of the complex of climatic characteristics selected for zoning, 10 radiation-homogeneous regions were identified on the territory of Russia, which were ranked according to the priority of the solar potential. The reliability of the boundaries of the selected regions was confirmed by comparing the spatial and temporal variability of the main radiation indicators. The selected regions can be divided into five groups: the most promising, promising, less promising, unpromising and unpromising.</p><p>The most promising regions are the regions south of 50N. The first region occupies the Primorsky Krai, the southern part of the Khabarovsk Region and the Amur Region, and the south-east of Transbaikalia. The second region is the southern part of the European territory of Russia.</p><p>The amount of total solar radiation entering the earth's surface for a year in these regions is 1330-1390 kWh/m<sup>2</sup>, which is the maximum for the territory of Russia. Both regions are characterized by a long duration of sunshine, especially for the first region (about 2400 hours per year). The high solar potential of these regions is indicated by the fact that in the period from April to September, the probability of a day favorable for the use of solar energy is 60%, in July it reaches 90%.</p><p>In less promising regions of Eastern Siberia, where there is a large influx of solar radiation in the winter and spring periods, it is advisable to use photovoltaic modules to generate electricity for autonomous consumers in areas of decentralized energy supply.</p>

A GIS Based Methodology in Renewable Energy Sources Sustainability

2016 ◽  
pp. 1944-1964
Author(s):  
Emanuela Caiaffa ◽  
Maurizio Pollino ◽  
Alessandro Marucci
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Specific Area ◽  
Point Of View ◽  
Energy Sources ◽  
Emissions Reduction ◽  
Economic Point ◽  
Support Decision Making

The exploitation of renewable energy sources has assumed a significant role, especially in an integrated vision of problems concerning energy policies, The 2009/28/EC Directive of the European Parliament and Council has indicated ambitious energy and climate change objectives for 2020 (according to the so-called “EU2020 Strategy”): greenhouse gas emissions reduction for 20%, renewable energy increase for 20%, improvement in energy efficiency for 20%. The aim of this paper is to present a GIS based methodology able to support decision-making in energy supply from Renewable Energy Sources (RES), focusing on two specific case-studies: Photovoltaic (PV) and Wind energy. To decide what type of renewable energy font is the best choice for a specific territory, it's important to know the local energetic situation, exploring the potential renewable energy sources available in that specific area, deciding what is the territory more compatible/sustainable among them, and if it's exploitable by suitable environmental and economic point of view. The methodology is largely directed towards the development of a tool to support siting decision.

Blockchain Technology in Solar Energy

2019 ◽  
pp. 110-128 ◽  
Author(s):  
Erginbay Uğurlu ◽  
Yusuf Muratoğlu
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Renewable Energy ◽  
Solar Energy ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Energy Sources ◽  
Smart Contracts ◽  
Blockchain Technology

Two of the important topics concerning scientists and governments are blockchain and climate change. After the paper of Satoshi Nakamoto, blockchains became a global phenomenon. After its usage for cryptocurrencies, blockchain is starting to be used for digital protocols and smart contracts. Blockchain technology is used in many sectors, such as banking, finance, car leasing, entertainment, energy, etc. Climate change leads to global warming, which means the long-term warming of the planet. Therefore, governments have made an effort to decrease global warming or keep it stable. One of the mitigation ways of global warming is to use renewable energy. Solar energy is one of the most used types of renewable energy sources, and also blockchain technology is widely used in this sector. In this chapter, the authors investigate the use of blockchain technology in the solar energy sector.

Blockchain Technology in Solar Energy

2021 ◽  
pp. 1010-1028
Author(s):  
Erginbay Uğurlu ◽  
Yusuf Muratoğlu
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Renewable Energy ◽  
Solar Energy ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Energy Sources ◽  
Smart Contracts ◽  
Blockchain Technology

Two of the important topics concerning scientists and governments are blockchain and climate change. After the paper of Satoshi Nakamoto, blockchains became a global phenomenon. After its usage for cryptocurrencies, blockchain is starting to be used for digital protocols and smart contracts. Blockchain technology is used in many sectors, such as banking, finance, car leasing, entertainment, energy, etc. Climate change leads to global warming, which means the long-term warming of the planet. Therefore, governments have made an effort to decrease global warming or keep it stable. One of the mitigation ways of global warming is to use renewable energy. Solar energy is one of the most used types of renewable energy sources, and also blockchain technology is widely used in this sector. In this chapter, the authors investigate the use of blockchain technology in the solar energy sector.

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