A Comprehensive Review on Techno-Economic Analysis and Optimal Sizing of Hybrid Renewable Energy Sources with Energy Storage Systems

Takele Ferede Agajie, Ahmed Ali (), Armand Fopah-Lele, Isaac Amoussou, Baseem Khan, Carmen Lilí Rodríguez Velasco and Emmanuel Tanyi
Additional contact information
Takele Ferede Agajie: Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box 63, Cameroon
Ahmed Ali: Department of Electrical and Electronic Engineering Technology, Faculty of Engineering and the Built Environment, University of Johannesburg, Johannesburg 2092, South Africa
Armand Fopah-Lele: Department of Mechanical Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box 63, Cameroon
Isaac Amoussou: Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box 63, Cameroon
Baseem Khan: Department of Electrical and Computer Engineering, Hawassa University, Hawassa P.O. Box 05, Ethiopia
Carmen Lilí Rodríguez Velasco: Department of Project Management, Universidad Internacional Iberoamericana, Campeche 24560, Mexico
Emmanuel Tanyi: Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box 63, Cameroon

Energies, 2023, vol. 16, issue 2, 1-26

Abstract: Renewable energy solutions are appropriate for on-grid and off-grid applications, acting as a supporter for the utility network or rural locations without the need to develop or extend costly and difficult grid infrastructure. As a result, hybrid renewable energy sources have become a popular option for grid-connected or standalone systems. This paper examines hybrid renewable energy power production systems with a focus on energy sustainability, reliability due to irregularities, techno-economic feasibility, and being environmentally friendly. In attaining a reliable, clean, and cost-effective system, sizing optimal hybrid renewable energy sources (HRES) is a crucial challenge. The presenters went further to outline the best sizing approach that can be used in HRES, taking into consideration the key components, parameters, methods, and data. Moreover, the goal functions, constraints from design, system components, optimization software tools, and meta-heuristic algorithm methodologies were highlighted for the available studies in this timely synopsis of the state of the art. Additionally, current issues resulting from scaling HRES were also identified and discussed. The latest trends and advances in planning problems were thoroughly addressed. Finally, this paper provides suggestions for further research into the appropriate component sizing in HRES.

Keywords: hybrid energy system; reliability analysis; techno-economic analysis; optimization methods; energy storage option; energy management system (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/2/642/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/2/642/ (text/html)

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:gam:jeners:v:16:y:2023:i:2:p:642-:d:1025854

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().