Esmaeili Shayan, Mostafa and Najafi, Gholamhassan and Ghobadian, Barat and Gorjian, Shiva and Rizalman, Mamat and Mohd Fairusham, Ghazali (2022) Multi-microgrid optimization and energy management under boost voltage converter with Markov prediction chain and dynamic decision algorithm. Renewable Energy, 201. pp. 179-189. ISSN 0960-1481. (Published)
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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.
| Item Type: | Article |
|---|---|
| Additional Information: | Indexed by Scopus |
| Uncontrolled Keywords: | Decision-making algorithm; Fossil fuel; Greenhouse gas (GHG); Hybrid renewable energy system (HRES); Renewable energies |
| Subjects: | T Technology > T Technology (General) T Technology > TA Engineering (General). Civil engineering (General) T Technology > TJ Mechanical engineering and machinery T Technology > TL Motor vehicles. Aeronautics. Astronautics |
| Faculty/Division: | Faculty of Mechanical and Automotive Engineering Technology |
| Depositing User: | Mr Muhamad Firdaus Janih@Jaini |
| Date Deposited: | 16 Apr 2024 04:26 |
| Last Modified: | 16 Apr 2024 04:26 |
| URI: | http://umpir.ump.edu.my/id/eprint/40437 |
| Download Statistic: | View Download Statistics |
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