Home>Results

  • Complex
  • Title
  • Keyword
  • Abstract
  • Scholars
  • Journal
  • ISSN
  • Conference
成果搜索

[期刊论文]

Investigating the Impact of Economic Uncertainty on Optimal Sizing of Grid-Independent Hybrid Renewable Energy Systems

Share
Edit Delete 报错

author:

Rezaei, Mostafa (Rezaei, Mostafa.) [1] | Dampage, Udaya (Dampage, Udaya.) [2] | Das, Barun K. (Das, Barun K..) [3] | Unfold

Indexed by:

SCIE

Abstract:

One of the many barriers to decarbonization and decentralization of the energy sector in developing countries is the economic uncertainty. As such, this study scrutinizes economics of three grid-independent hybrid renewable-based systems proposed to co-generate electricity and heat for a small-scale load. Accordingly, the under-study systems are simulated and optimized with the aid of HOMER Pro software. Here, a 20-year average value of discount and inflation rates is deemed a benchmark case. The techno-economic-environmental and reliability results suggest a standalone solar/wind/electrolyzer/hydrogen-based fuel cell integrated with a hydrogen-based boiler system is the best alternative. Moreover, to ascertain the impact of economic uncertainty on optimal unit sizing of the nominated model, the fluctuations of the nominal discount rate and inflation, respectively, constitute within the range of 15-20% and 10-26%. The findings of economic uncertainty analysis imply that total net present cost (TNPC) fluctuates around the benchmark value symmetrically between $478,704 and $814,905. Levelized energy cost varies from an amount 69% less than the benchmark value up to two-fold of that. Furthermore, photovoltaic (PV) optimal size starts from a value 23% less than the benchmark case and rises up to 55% more. The corresponding figures for wind turbine (WT) are, respectively, 21% and 29%. Eventually, several practical policies are introduced to cope with economic uncertainty.

Keyword:

economic uncertainty electricity and heat co-generation hydrogen-based boiler hydrogen-based fuel cell standalone hybrid renewable-based systems

Community:

  • [ 1 ] [Rezaei, Mostafa]Griffith Univ, Queensland Micro & Nanotechnol Ctr, Nathan, Qld 4111, Australia
  • [ 2 ] [Dampage, Udaya]Kotelawla Def Univ, Fac Engn, Kandawala Estate, Ratmalana 10390, Sri Lanka
  • [ 3 ] [Das, Barun K.]Rajshahi Univ Engn & Technol, Dept Mech Engn, Rajshahi 6204, Bangladesh
  • [ 4 ] [Nasif, Omaima]King Saud Univ, Dept Physiol, Coll Med, POB 2925, Riyadh 11461, Saudi Arabia
  • [ 5 ] [Nasif, Omaima]King Saud Univ, King Khalid Univ Hosp, POB 2925, Riyadh 11461, Saudi Arabia
  • [ 6 ] [Borowski, Piotr F.]Warsaw Univ Life Sci, Inst Engn Mech, PL-02787 Warsaw, Poland
  • [ 7 ] [Mohamed, Mohamed A.]Minia Univ, Dept Elect Engn, Fac Engn, Al Minya 61519, Egypt
  • [ 8 ] [Mohamed, Mohamed A.]Fuzhou Univ, Dept Elect Engn, Fuzhou 350116, Peoples R China

Reprint 's Address:

  • 蔡其洪

    [Dampage, Udaya]Kotelawla Def Univ, Fac Engn, Kandawala Estate, Ratmalana 10390, Sri Lanka;;[Mohamed, Mohamed A.]Minia Univ, Dept Elect Engn, Fac Engn, Al Minya 61519, Egypt;;[Mohamed, Mohamed A.]Fuzhou Univ, Dept Elect Engn, Fuzhou 350116, Peoples R China

Show more details

Source :

PROCESSES

ISSN: 2227-9717

Year: 2021

Issue: 8

Volume: 9

3 . 3 5 2

JCR@2021

2 . 8 0 0

JCR@2023

ESI Discipline: CHEMISTRY;

ESI HC Threshold:117

JCR Journal Grade:2

CAS Journal Grade:4

Cited Count:

WoS CC Cited Count: 48

SCOPUS Cited Count: 53

30 Days PV: 1

查看更多>>操作日志

管理员  2024-08-20 17:18:27  更新被引

管理员  2024-08-20 17:18:26  更新被引

管理员  2024-07-27 14:06:39  更新被引

金涛  2023-10-23 09:30:20  数据报错

Online/Total:754/10822586
Address:FZU Library(No.2 Xuyuan Road, Fuzhou, Fujian, PRC Post Code:350116) Contact Us:0591-22865326
Copyright:FZU Library Technical Support:Beijing Aegean Software Co., Ltd. 闽ICP备05005463号-1