Technical, economic feasibility and sensitivity analysis of solar photovoltaic/battery energy storage off‐grid integrated renewable energy system

2021 ◽  
Author(s):  
Ravi Chaurasia ◽  
Sanjay Gairola ◽  
Yash Pal
Keyword(s):  
Sensitivity Analysis ◽  
Renewable Energy ◽  
Energy Storage ◽  
Energy System ◽  
Economic Feasibility ◽  
Solar Photovoltaic ◽  
Battery Energy Storage ◽  
Renewable Energy System ◽  
Battery Energy

scholarly journals Optimal Sizing and Techno-Economic Analysis of Minigrid Hybrid Renewable Energy System for Tourist Destination Islands of Lake Tana, Ethiopia

2021 ◽  
Vol 11 (15) ◽  
pp. 7085
Author(s):  
Teketay Mulu Beza ◽  
Chen-Han Wu ◽  
Cheng-Chien Kuo
Keyword(s):  
Sensitivity Analysis ◽  
Renewable Energy ◽  
Cost Effective ◽  
Energy System ◽  
Load Flow ◽  
Economic Feasibility ◽  
Pollutant Emissions ◽  
Battery System ◽  
Hybrid Renewable Energy System ◽  
Renewable Energy System

Achieving universal electricity access is a challenging goal for the governments of developing countries such as Ethiopia. Extending the national grid to the remotely located, scattered, and island populations demands a huge investment. This paper aims to show the techno-economic feasibility of minigrid renewable energy system to electrify Kibran Gabriel island in Ethiopia, through the execution of simulation, optimization and sensitivity analysis using Hybrid Optimization Models for Energy Resources (HOMER Pro) software. The minigrid systems were compared with both diesel generation (DG) and grid extension systems. The hybrid PV/DG/battery system is more economically feasible compared with other minigrid systems, and the best cost-effective option is the one including load flow (LF) strategy with 25 kW of PV, 10 kW of DG, 40 kWh of battery, and 5 kW of bi-directional convertor. The optimal PV/DG/Battery system, having levelized cost of energy (COE) of USD 0.175/kWh, net present cost (NPC) of USD 119,139 and renewable fraction (RF) of 86.4%, reduces the pollutant emissions by 33,102 kg/yr compared with the stand-alone DG system. The optimal minigrid sensitivity to the variations in global horizontal irradiance (GHI), diesel price and load consumption were considered in the sensitivity analysis, and the result shows that the system will operate reasonably well.

scholarly journals Economic Analysis of the Investments in Battery Energy Storage Systems: Review and Current Perspectives

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2503
Author(s):  
Paulo Rotella Junior ◽  
Luiz Célio Souza Rocha ◽  
Sandra Naomi Morioka ◽  
Ivan Bolis ◽  
Gianfranco Chicco ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Economic Analysis ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Residential Areas ◽  
Energy Storage Systems ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy

Sources such as solar and wind energy are intermittent, and this is seen as a barrier to their wide utilization. The increasing grid integration of intermittent renewable energy sources generation significantly changes the scenario of distribution grid operations. Such operational challenges are minimized by the incorporation of the energy storage system, which plays an important role in improving the stability and the reliability of the grid. This study provides the review of the state-of-the-art in the literature on the economic analysis of battery energy storage systems. The paper makes evident the growing interest of batteries as energy storage systems to improve techno-economic viability of renewable energy systems; provides a comprehensive overview of key methodological possibilities for researchers interested in economic analysis of battery energy storage systems; indicates the need to use adequate economic indicators for investment decisions; and identifies key research topics of the analyzed literature: (i) photovoltaic systems with battery energy storage systems for residential areas, (ii) comparison between energy storage technologies, (iii) power quality improvement. The last key contribution is the proposed research agenda.

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