Multi-microgrid optimization and energy management under boost voltage converter with Markov prediction chain and dynamic decision algorithm

Mostafa Esmaeili Shayan, Gholamhassan Najafi, Barat Ghobadian, Shiva Gorjian, Rizalman Mamat and Mohd Fairusham Ghazali

Renewable Energy, 2022, vol. 201, issue P2, 179-189

Abstract: Knowledge on operational energy consumption and embodied energy, replacing embodied greenhouse gas (GHG) emissions in building materials, and national energy resources have become a necessity. In this study, the importance of investigating the stochastic nature of weather-dependent renewable energies is well documented. The management of the hybrid renewable energy system (HRES) was built and assessed, utilizing a decision-making algorithm and 13 case studies. When the proportion of renewable energy is at 24% and the average daily fossil fuel usage is 1.11 L per year, the HRES generates 1697 kWh per year with a net present value (NPV) of 553,68 USD, with a rate of return (IRR) of 21.4%, and a payback period (PP) of 15.7 years. With a renewable energy share of 54%, fossil fuel consumption dropped to 0.69 L per year, while yearly energy output was comparable to 1652 kWh per year, with an IRR of 19.5% and a PP of 17.6 years. To achieve zero greenhouse gas emissions, HRES Management employs 100% renewable energy sources to generate 1933 kWh per year at a net present value of −372.09 USD. This scenario is economically possible if the renewable energy feed-in tariff exceeds 0.06 USD.

Keywords: Renewable energies; Greenhouse gas (GHG); Hybrid renewable energy system (HRES); Decision-making algorithm; Fossil fuel (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:201:y:2022:i:p2:p:179-189

DOI: 10.1016/j.renene.2022.11.006

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