scholarly journals Eco-Sim: A Parametric Tool to Evaluate the Environmental and Economic Feasibility of Decentralized Energy Systems

Energies ◽  
2019 ◽  
Vol 12 (5) ◽  
pp. 776 ◽  
Author(s):  
Karni Siraganyan ◽  
Amarasinghage Perera ◽  
Jean-Louis Scartezzini ◽  
Dasaraden Mauree
Keyword(s):  
Renewable Energy ◽  
Environmental Assessment ◽  
Performance Indicators ◽  
Urban Areas ◽  
Energy Systems ◽  
Thermal Storage ◽  
Economic Feasibility ◽  
Solar Thermal ◽  
Solar Pv ◽  
Levelized Cost Of Electricity

Due to climate change and the need to decrease the carbon footprint of urban areas, there is an increasing pressure to integrate renewable energy and other components in urban energy systems. Most of the models or available tools do not provide both an economic and environmental assessment of the energy systems and thus lead to the design of systems that are sub-optimal. A flexible and modular simulation tool, Eco-Sim, is thus developed in the current study to conduct a comprehensive techno-economic and environmental assessment of a distributed energy system considering different configuration scenarios. Subsequently, an intermodel comparison is conducted with the Hybrid Optimization Model for Electric Renewable (HOMER) Pro as well as with a state-of-the-art industrial tool. Eco-Sim is then extended by including the heating demand, thermal conversion (by using heat pumps and solar thermal) methods and thermal storage. A parametric analysis is conducted by considering different capacities of solar photovoltaics (PV), solar thermal panels and energy storage technologies. The levelized cost of electricity, the autonomy level and the CO 2 emissions are used as the key performance indicators. Based on the analysis of a study case conducted in a neighbourhood in Geneva, Switzerland, the study reveals that, with the present market prices for batteries and seasonal changes in solar energy potential, the combination of solar PV with battery storage doesn’t bring a significant autonomy to the system and increases the CO 2 emissions of the system. However, the integration of thermal storage and solar thermal generation is shown to considerably increase the autonomy of the neighbourhood. Finally, multiple scenarios are also run in order to evaluate the sensitivity of economic parameters on the performance indicators of the system. Under the assumptions of the model, to foster investments in solar PV and battery installations, falling installation costs or stronger policies in favor of renewable energy seem necessary for the future.

scholarly journals Techno-Economic Comparative Analysis of Renewable Energy Systems: Case Study in Zimbabwe

Inventions ◽  
2020 ◽  
Vol 5 (3) ◽  
pp. 27 ◽  
Author(s):  
Loiy Al-Ghussain ◽  
Remember Samu ◽  
Onur Taylan ◽  
Murat Fahrioglu
Keyword(s):  
Renewable Energy ◽  
Hybrid System ◽  
Energy Security ◽  
Energy Systems ◽  
Economic Feasibility ◽  
Energy Resources ◽  
Renewable Energy Resources ◽  
Levelized Cost Of Electricity ◽  
Renewable Energy Systems

Fluctuations in fossil fuel prices significantly affect the economies of countries, especially oil-importing countries, hence these countries are thoroughly investigating the increase in the utilization of renewable energy resources as it is abundant and locally available in all the countries despite challenges. Renewable energy systems (RES) such as solar and wind systems offer suitable alternatives for fossil fuels and could ensure the energy security of countries in a feasible way. Zimbabwe is one of the African countries that import a significant portion of its energy needs which endanger the energy security of the country. Several studies in the literature discussed the feasibility of different standalone and hybrid RES either with or without energy storage systems to either maximize the technical feasibility or the economic feasibility; however, none of the studies considered maximizing both feasibilities at the same time. Therefore, we present a techno-economic comparison of standalone wind and solar photovoltaic (PV) in addition to hybrid PV/wind systems based on maximizing the RES fraction with levelized cost of electricity (LCOE) being less than or equal to the local grid tariff where Gwanda, Zimbabwe, is the case study. The methodology suggested in this study could increase the utilization of renewable energy resources feasibly and at the same time increase the energy security of the country by decreasing dependency on imported energy. The results indicate that the PV/wind hybrid system does not only have the best economic benefits represented by the net present value (NPV) and the payback period (PBP), but also the best technical performance; where the maximum feasible size of the hybrid system-2 MW wind and 1 MW PV-has RES fraction of 65.07%, LCOE of 0.1 USD/kWh, PBP of 3.94 years, internal rate of return of 14.04% and NPV of 3.06 × 106 USD. Having similar systems for different cities in Zimbabwe will decrease the energy bill significantly and contribute toward the energy security of the country.

scholarly journals Lighting System Modernization as a Source of Green Energy

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2771
Author(s):  
Leszek Kotulski ◽  
Artur Basiura ◽  
Igor Wojnicki ◽  
Sebastian Siuchta
Keyword(s):  
Renewable Energy ◽  
Urban Areas ◽  
Large Scale ◽  
Energy Savings ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Light Sources ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
Lighting Retrofit

The use of formal methods and artificial intelligence has made it possible to automatically design outdoor lighting. Quick design for large cities, in a matter of hours instead of weeks, and analysis of various optimization criteria enables to save energy and tune profit stream from lighting retrofit. Since outdoor lighting is of a large scale, having luminaires on every street in urban areas, and since it needs to be retrofitted every 10 to 15 years, choosing proper parameters and light sources leads to significant energy savings. This paper presents the concept and calculations of Levelized Cost of Electricity for outdoor lighting retrofit. It is understood as cost of energy savings, it is in the range from 23.06 to 54.64 EUR/MWh, based on real-world cases. This makes street and road lighting modernization process the best green “energy source” if compared with the 2018 Fraunhofer Institute cost of electricity renewable energy technologies ranking. This indicates that investment in lighting retrofit is more economically and ecologically viable than investment in new renewable energy sources.

scholarly journals Realization of a Small Residential Building with Zero CO2 Emissions Due to Energy Use in Crete, Greece

2017 ◽  
Vol 4 (1) ◽  
pp. 112 ◽  
Author(s):  
John Vourdoubas
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Energy Use ◽  
Residential Building ◽  
Energy Systems ◽  
Solar Pv ◽  
Renewable Energy Systems ◽  
The Creation ◽  
Solid Biomass

European buildings account for large amounts of energy consumption and CO2 emissions and current EU policies target in decreasing their energy consumption and subsequent CO2 emissions. Realization of a small, grid-connected, residential building with zero CO2 emissions due to energy use in Crete, Greece shows that this can be easily achieved. Required heat and electricity in the building were generated with the use of locally available renewable energies including solar energy and solid biomass. Annual energy consumption and on-site energy generation were balanced over a year as well as the annual electricity exchange between the building and the grid. Technologies used for heat and power generation included solar-thermal, solar-PV and solid-biomass burning which are reliable, mature and cost-effective. Annual energy consumption in the 65 m2 building was 180 KWh/m2 and its annual CO2 emissions were 84.67 kgCO2/m2. The total capital cost of the required renewable energy systems was estimated at approximately 10.77% of its total construction cost, and the required capital investments in renewable energy systems, in order to achieve the goal of a residential building with zero CO2 emissions due to energy use, were 1.65 € per kgCO2, saved annually. The results of this study prove that the creation of zero CO2 emissions buildings is technically feasible, economically attractive and environmentally friendly. Therefore they could be used to create future policies promoting the creation of this type of building additionally to the existing policies promoting near-zero energy buildings.

Power Electronics and Controls in Solar Photovoltaic Systems

2013 ◽  
pp. 68-125
Author(s):  
Radian Belu
Keyword(s):  
Renewable Energy ◽  
Power Electronics ◽  
Renewable Energy Sources ◽  
Energy Systems ◽  
Solar Thermal ◽  
System Capacity ◽  
Energy Sources ◽  
Solar Panels ◽  
Renewable Energy Systems ◽  
Pv Systems

The use of renewable energy sources is increasingly being pursued as a supplemental and an alternative to traditional energy generation. Several distributed energy systems are expected to a have a significant impact on the energy industry in the near future. As such, the renewable energy systems are presently undergoing a rapid change in technology and use. Such a feature is enabled clearly by power electronics. Both the solar-thermal and photovoltaic (PV) technologies have an almost exponential growth in installed capacity and applications. Both of them contribute to the overall grid control and power electronics research and advancement. Among the renewable energy systems, photovoltaic (PV) systems are the ones that make use of an extended scale of the advanced power electronics technologies. The specification of a power electronics interface is subject to the requirements related not only to the renewable energy source itself but also to its effects on the operations of the systems on which it is connected, especially the ones where these intermittent energy sources constitute a significant part of the total system capacity. Power electronics can also play a significant role in enhancing the performance and efficiency of PV systems. Furthermore, the use of appropriate power electronics enables solar generated electricity to be integrated into power grid. Aside from improving the quality of solar panels themselves, power electronics can provide another means of improving energy efficiency in PV and solar-thermal energy systems.

Power Electronics and Controls in Solar Photovoltaic Systems

2015 ◽  
pp. 2016-2072
Author(s):  
Radian Belu
Keyword(s):  
Renewable Energy ◽  
Power Electronics ◽  
Renewable Energy Sources ◽  
Energy Systems ◽  
Solar Thermal ◽  
System Capacity ◽  
Energy Sources ◽  
Solar Panels ◽  
Renewable Energy Systems ◽  
Pv Systems

The use of renewable energy sources is increasingly being pursued as a supplemental and an alternative to traditional energy generation. Several distributed energy systems are expected to a have a significant impact on the energy industry in the near future. As such, the renewable energy systems are presently undergoing a rapid change in technology and use. Such a feature is enabled clearly by power electronics. Both the solar-thermal and photovoltaic (PV) technologies have an almost exponential growth in installed capacity and applications. Both of them contribute to the overall grid control and power electronics research and advancement. Among the renewable energy systems, photovoltaic (PV) systems are the ones that make use of an extended scale of the advanced power electronics technologies. The specification of a power electronics interface is subject to the requirements related not only to the renewable energy source itself but also to its effects on the operations of the systems on which it is connected, especially the ones where these intermittent energy sources constitute a significant part of the total system capacity. Power electronics can also play a significant role in enhancing the performance and efficiency of PV systems. Furthermore, the use of appropriate power electronics enables solar generated electricity to be integrated into power grid. Aside from improving the quality of solar panels themselves, power electronics can provide another means of improving energy efficiency in PV and solar-thermal energy systems.

scholarly journals A review of key environmental and energy performance indicators for the case of renewable energy systems when integrated with storage solutions

2018 ◽  
Vol 231 ◽  
pp. 380-398 ◽  
Author(s):  
Dimitrios-Sotirios Kourkoumpas ◽  
Georgios Benekos ◽  
Nikolaos Nikolopoulos ◽  
Sotirios Karellas ◽  
Panagiotis Grammelis ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Performance Indicators ◽  
Energy Systems ◽  
Energy Performance ◽  
Renewable Energy Systems ◽  
Storage Solutions

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 Solar Assisted Power Generation System in Hot Desert Climate: A Cost-Benefit Perspective

2021 ◽  
Author(s):  
Ramzi Alahmadi ◽  
◽  
Kamel Almutairi ◽  
Keyword(s):  
Solar Energy ◽  
Fossil Fuels ◽  
Cost Benefit ◽  
Energy Systems ◽  
Clean Energy ◽  
Economic Feasibility ◽  
Economic Viability ◽  
Solar Pv ◽  
Pv System ◽  
Pv Systems

With the increasing global concerns about greenhouse gas emissions caused by the extensive use of fossil fuels, many countries are investing in the deployment of clean energy sources. The utilization of abundant solar energy is one of the fastest growing deployed renewable sources due its technological maturity and economic competitivity. In addition to report from the National Renewable Energy Laboratory (NREL), many studies have suggested that the maturity of solar energy systems will continue to develop, which will increase their economic viability. The focus of analysis in this paper is countries with hot desert climates since they are the best candidates for solar energy systems. The capital of Saudi Arabia, Riyadh is used as the case study due to the country’s ambitious goals in this field. The main purpose of this study is to comprehensively analyze the stochastic behavior and probabilistic distribution of solar irradiance in order to accurately estimate the expected power output of solar systems. A solar Photovoltaic (PV) module is used for the analysis due to its practicality and widespread use in utility-scale projects. In addition to the use of a break-even analysis to estimate the economic viability of solar PV systems in hot desert climates, this paper estimates the indifference point at which the economic feasibility of solar PV systems is justified, compared with the fossil-based systems. The numerical results show that the break-even point of installing one KW generation capacity of a solar PV system is estimated to pay off after producing 16,827 KWh, compared to 15,422 KWh for the case of fossil-based systems. However, the increased cost of initial investment in solar PV systems deployment starts to be economically justified after producing 41,437 KWh.

scholarly journals Economic feasibility of wind and photovoltaic energy in Kuwait

2021 ◽  
Vol 280 ◽  
pp. 05016
Author(s):  
Waleed K. Al-Nassar ◽  
S. Neelamani ◽  
Teena Sara William
Keyword(s):  
Wind Energy ◽  
Wind Power ◽  
Power Plants ◽  
Capital Expenditure ◽  
Thermal Power ◽  
High Energy ◽  
Economic Feasibility ◽  
Offshore Wind ◽  
Solar Pv ◽  
Levelized Cost Of Electricity

The worldwide environmental concern and awareness created a way towards the generation of pollution-free wind and solar renewable energies. Wind and Photovoltaic (PV) power plants of each 10 MW capacity located in the Shagaya area, west of Kuwait, were compared after one year of operation. The wind power plants recorded high capacity factors resulting in a yearly power production of 42.59 GWh, 21% higher than expected (contractual 31.160 GWh). It will reduce the emission of CO2 throughout the projected lifetime of 25 years by 118,303 tons. CAPEX (capital Expenditure) and OPEX (operation expenditure) were taken into consideration throughout the life of the plants along with investment costs resulting in a levelized cost of electricity (LCOE) for wind of 0.015 KWD/kWh or 0.046 USD/kWh, compared to 0.027 KWD/kWh or 0.082 USD/kWh for solar PV (44% lower than PV). Offshore, Boubyan Island, Northern Kuwait territorial waters, were found to be the foremost appropriate for wind energy generation, with Wind Power Density of more than 500 Watt/m2 in summer which is ideal for the high energy demanding season in Kuwait. The LCOE for offshore wind energy was 27.6 fils/kWh, compared to 39.3 fils/kWh for thermal power plants.

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