Strategic integration of residential electricity: An optimisation model for solar energy utilisation and carbon reduction

Ting Pan, Paweł Ocłoń, Linhuan He, Yee Van Fan, Shuhao Zhang, Bohong Wang, Marzena Nowak-Ocłoń, Árpád Tóth and Petar Sabev Varbanov

Energy, 2024, vol. 310, issue C

Abstract: The Solar Combined Cooling, Heating, and Power (S-CCHP) system, distinct from traditional centralised generation, provides clean energy solutions by installing user-side renewable energy capture facilities like solar panels to address the energy crisis and mitigate global warming. Previous research on the design of S-CCHP for buildings has often emphasised self-sufficiency, with less focus on the role of these systems as energy suppliers on the market. However, it is feasible to install scaled-up solar facilities that generate enough power to export to the grid, reducing grid pressure and enhancing the renewable energy mix. This study analyses the optimal design deployment for electricity within the S-CCHP system, based on the Renewable Energy System for Residential Building Heating and Electricity Production (RESHeat) system installed in Limanowa. It aims to optimise owner energy deployment by strategically integrating electricity generation, hybrid storage, and the electricity market to maximise owner benefits. A Life Cycle Assessment is also conducted to explore greenhouse gas emissions across scenarios with different storage facilities and reuse rates. Results show that the optimal deployment of 264 PV panels, each with a rated power of 440 W, generates 105 MWh annually, resulting in the surplus of 90.18 MWh with a selling price of 115 EUR/MWh. Vanadium redox flow batteries offer the highest revenue (4922.01 EUR) with the lowest storage costs, while lithium-ion batteries have the lowest carbon emissions (1.22 t CO2 eq/y). Sensitivity analysis and revenue break-even analysis are further conducted to assess the robustness and financial viability.

Keywords: Optimisation; LCA; Hybrid storage; Battery; PV panel (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544224030020
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:310:y:2024:i:c:s0360544224030020

DOI: 10.1016/j.energy.2024.133227

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 ().