What is hybrid optimization of multiple energy resources?
Employing Hybrid Optimization of Multiple Energy Resources based on different scenarios includes grid-connected and stand-alone configurations with pumped storage hydropower and lead acid battery storage while minimizing the levelized cost of energy, the net present cost, and greenhouse gas emissions.
What is a hybrid energy system?
The proposed system includes wind turbines, batteries, a hydro-pumped storage system, and a biogas generator. In the hybrid system, the electrical demand is coupled at the alternating current (AC) bus side.
What configurations have the lowest Roi?
Among these configurations, the lowest ROI, a negative value of −6%, is associated with configuration 10, this setup is an off-grid system incorporating biogas generation and PHS. The negative ROI indicates that the returns from this configuration do not surpass the initial investment, which raises concerns about its financial feasibility.
Which hybrid system design has the lowest LCOE and NPC?
The lowest LCOE and NPC were obtained by aggregating the cost-effective hybrid system design. Figure 29. NPC (left) and LCOE (right) comparison of all the studied systems. The results revealed that configuration_3 and configuration_5 were the most cost-effective systems in terms of NPC and LCOE, among the ten configurations analyzed.
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