Optimal Design and Analysis of a Hybrid Hydrogen Energy Storage System for an Island-Based Renewable Energy Community
Robert Garner and
Zahir Dehouche ()
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Robert Garner: College of Engineering, Design and Physical Sciences, Brunel University London, London UB8 3PH, UK
Zahir Dehouche: College of Engineering, Design and Physical Sciences, Brunel University London, London UB8 3PH, UK
Energies, 2023, vol. 16, issue 21, 1-23
Abstract:
Installations of decentralised renewable energy systems (RES) are becoming increasing popular as governments introduce ambitious energy policies to curb emissions and slow surging energy costs. This work presents a novel model for optimal sizing for a decentralised renewable generation and hybrid storage system to create a renewable energy community (REC), developed in Python. The model implements photovoltaic (PV) solar and wind turbines combined with a hybrid battery and regenerative hydrogen fuel cell (RHFC). The electrical service demand was derived using real usage data from a rural island case study location. Cost remuneration was managed with an REC virtual trading layer, ensuring fair distribution among actors in accordance with the European RED(III) policy. A multi-objective genetic algorithm (GA) stochastically determines the system capacities such that the inherent trade-off relationship between project cost and decarbonisation can be observed. The optimal design resulted in a levelized cost of electricity (LCOE) of 0.15 EUR/kWh, reducing costs by over 50% compared with typical EU grid power, with a project internal rate of return (IRR) of 10.8%, simple return of 9.6%/year, and return on investment (ROI) of 9 years. The emissions output from grid-only use was reduced by 72% to 69 gCO 2 e /kWh. Further research of lifetime economics and additional revenue streams in combination with this work could provide a useful tool for users to quickly design and prototype future decentralised REC systems.
Keywords: decentralised energy systems; renewable energy community; hydrogen energy storage system; decarbonisation; techno-economic assessment; multi-objective optimisation (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
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Citations: View citations in EconPapers (1)
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