EconPapers    
Economics at your fingertips  
 

The many-objective optimal design of renewable energy cogeneration system

Yi He, Su Guo, Jianxu Zhou, Feng Wu, Jing Huang and Huanjin Pei

Energy, 2021, vol. 234, issue C

Abstract: To alleviate the issues of climate warming and fossil resources depletion, this paper proposes a wind-photovoltaic-thermal energy storage-electric heater cogeneration system, which adopts the structure of concentrated solar power plant but replaces the expensive collector field and tower with wind and photovoltaic farms and electric heater that converts the excess electricity as thermal energy source. The cogeneration system can effectively regulate the fluctuating wind and photovoltaic output to satisfy electricity load by electric heater based on resistive heating of molten salt, two-tank molten salt thermal energy storage and power block based on steam Rankine cycle, and supply heat load directly from the molten salt heat transfer fluid and heat exchanger. This paper considers minimizing levelized cost of energy, loss of power and heat supply probability, energy reduction rate and lifecycle equivalent CO2 emissions as optimized objectives, and investigates the many-objective (having four or more objectives) capacity optimization problem by Nondominated Sorting Genetic Algorithm-Ⅲ coupled with Principal Component Analysis and Technique for order preference by similarity to ideal solution. Moreover, residual analysis is applied to consider the uncertainty of wind power prediction. The detailed optimization process and performance comparison of many-objective algorithms, the all-year energy flow and seasonal output characteristics analysis of the optimal-compromise solution are presented. Finally, the proposed cogeneration system is compared to the power-only system with the same installed capacity and equivalent load demand, and the comparison results show that the proposed cogeneration system performs better in all evaluation metrics. Therefore, the proposed renewable energy cogeneration system is feasible and cost-effective for practical applications.

Keywords: Renewable energy; Cogeneration system; Thermal energy storage; Electric heater; Many-objective capacity optimization; NSGA-Ⅲ (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544221014924
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:234:y:2021:i:c:s0360544221014924

DOI: 10.1016/j.energy.2021.121244

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:energy:v:234:y:2021:i:c:s0360544221014924