IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i15p11735-d1206363.html
   My bibliography  Save this article

Techno-Economic Analysis and Optimization of Hybrid Renewable Energy System with Energy Storage under Two Operational Modes

Author

Listed:
  • Takele Ferede Agajie

    (Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box. 63, Cameroon
    Department of Electrical and Computer Engineering, Debre Markos University, Debre Markos P.O. Box 05, Ethiopia)

  • Armand Fopah-Lele

    (Department of Mechanical and Industrial Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box. 63, Cameroon)

  • Isaac Amoussou

    (Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box. 63, Cameroon)

  • Ahmed Ali

    (Department of Electrical and Electronic Engineering Technology, Faculty of Engineering and the Built Environment, University of Johannesburg, Johannesburg P.O. Box 524, South Africa)

  • Baseem Khan

    (Department of Electrical and Electronic Engineering Technology, Faculty of Engineering and the Built Environment, University of Johannesburg, Johannesburg P.O. Box 524, South Africa
    Department of Electrical and Computer Engineering, Hawassa University, Hawassa 1530, Ethiopia
    Department of Project Management, Universidad Internacional Iberoamericana, Campeche C.P. 24560, Mexico)

  • Om Prakash Mahela

    (Department of Project Management, Universidad Internacional Iberoamericana, Campeche C.P. 24560, Mexico
    Power System Planning Division, Rajasthan Rajya Vidyut Prasaran Nigam Ltd., Jaipur 302005, India)

  • Ramakrishna S. S. Nuvvula

    (Deparmtent of Electrical and Electronics, NMAM Institute of Technology, Nitte, Karkala 574110, India)

  • Divine Khan Ngwashi

    (Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box. 63, Cameroon)

  • Emmanuel Soriano Flores

    (Department of Project Management, Universidad Internacional Iberoamericana, Campeche C.P. 24560, Mexico
    Engineering Research & Innovation Group, Universidad Europea del Atlántico, C/Isabel Torres 21, 39011 Santander, Spain
    Department of Project Management, Fundación Universitaria Internacional de Colombia, Calle 39A, Bogotá 11131, Colombia)

  • Emmanuel Tanyi

    (Department of Electrical and Electronic Engineering, Faculty of Engineering and Technology, University of Buea, Buea P.O. Box. 63, Cameroon)

Abstract

Access to cheap, clean energy has a significant impact on a country’s ability to develop sustainably. Fossil fuels have a major impact on global warming and are currently becoming less and less profitable when used to generate power. In order to replace the diesel generators that are connected to the university of Debre Markos’ electrical distribution network with hybrid renewable energy sources, this study presents optimization and techno-economic feasibility analyses of proposed hybrid renewable systems and their overall cost impact in stand-alone and grid-connected modes of operation. Metaheuristic optimization techniques such as enhanced whale optimization algorithm (EWOA), whale optimization algorithm (WOA), and African vultures’ optimization algorithm (AVOA) are used for the optimal sizing of the hybrid renewable energy sources according to financial and reliability evaluation parameters. After developing a MATLAB program to size hybrid systems, the total current cost (TCC) was calculated using the aforementioned metaheuristic optimization techniques (i.e., EWOA, WOA, and AVOA). In the grid-connected mode of operation, the TCC was 4.507 × 10 6 EUR, 4.515 × 10 6 EUR, and 4.538 × 10 6 EUR, respectively, whereas in stand-alone mode, the TCC was 4.817 × 10 6 EUR, 4.868 × 10 6 EUR, and 4.885 × 10 6 EUR, respectively. In the grid-connected mode of operation, EWOA outcomes lowered the TCC by 0.18% using WOA and 0.69% using AVOA, and by 1.05% using WOA and 1.39% using AVOA in stand-alone operational mode. In addition, when compared with different financial evaluation parameters such as net present cost (NPC) (EUR), cost of energy (COE) (EUR/kWh), and levelized cost of energy (LCOE) (EUR/kWh), and reliability parameters such as expected energy not supplied (EENS), loss of power supply probability (LPSP), reliability index (IR), loss of load probability (LOLP), and loss of load expectation (LOLE), EWOA efficiently reduced the overall current cost while fulfilling the constraints imposed by the objective function. According to the result comparison, EWOA outperformed the competition in terms of total current costs with reliability improvements.

Suggested Citation

  • Takele Ferede Agajie & Armand Fopah-Lele & Isaac Amoussou & Ahmed Ali & Baseem Khan & Om Prakash Mahela & Ramakrishna S. S. Nuvvula & Divine Khan Ngwashi & Emmanuel Soriano Flores & Emmanuel Tanyi, 2023. "Techno-Economic Analysis and Optimization of Hybrid Renewable Energy System with Energy Storage under Two Operational Modes," Sustainability, MDPI, vol. 15(15), pages 1-31, July.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:15:p:11735-:d:1206363
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/15/11735/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/15/11735/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hunt, Julian David & Zakeri, Behnam & Lopes, Rafael & Barbosa, Paulo Sérgio Franco & Nascimento, Andreas & Castro, Nivalde José de & Brandão, Roberto & Schneider, Paulo Smith & Wada, Yoshihide, 2020. "Existing and new arrangements of pumped-hydro storage plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 129(C).
    2. Amit Kumer Podder & Sayma Afroza Supti & Sayemul Islam & Maria Malvoni & Arunkumar Jayakumar & Sanchari Deb & Nallapaneni Manoj Kumar, 2021. "Feasibility Assessment of Hybrid Solar Photovoltaic-Biogas Generator Based Charging Station: A Case of Easy Bike and Auto Rickshaw Scenario in a Developing Nation," Sustainability, MDPI, vol. 14(1), pages 1-27, December.
    3. Andreas Schröder & Friedrich Kunz & Jan Meiss & Roman Mendelevitch & Christian von Hirschhausen, 2013. "Current and Prospective Costs of Electricity Generation until 2050," Data Documentation 68, DIW Berlin, German Institute for Economic Research.
    4. Akhlaque Ahmad Khan & Ahmad Faiz Minai & Rupendra Kumar Pachauri & Hasmat Malik, 2022. "Optimal Sizing, Control, and Management Strategies for Hybrid Renewable Energy Systems: A Comprehensive Review," Energies, MDPI, vol. 15(17), pages 1-29, August.
    5. Meryem Tahri & Mustapha Hakdaoui & Mohamed Maanan, 2015. "The evaluation of solar farm locations applying Geographic Information System and Multi-Criteria Decision-Making methods: Case study in southern Morocco," Post-Print hal-01185533, HAL.
    6. Rad, Mohammad Amin Vaziri & Ghasempour, Roghaye & Rahdan, Parisa & Mousavi, Soroush & Arastounia, Mehrdad, 2020. "Techno-economic analysis of a hybrid power system based on the cost-effective hydrogen production method for rural electrification, a case study in Iran," Energy, Elsevier, vol. 190(C).
    7. Tahri, Meryem & Hakdaoui, Mustapha & Maanan, Mohamed, 2015. "The evaluation of solar farm locations applying Geographic Information System and Multi-Criteria Decision-Making methods: Case study in southern Morocco," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1354-1362.
    8. Takele Ferede Agajie & Armand Fopah-Lele & Isaac Amoussou & Ahmed Ali & Baseem Khan & Emmanuel Tanyi, 2023. "Optimal Design and Mathematical Modeling of Hybrid Solar PV–Biogas Generator with Energy Storage Power Generation System in Multi-Objective Function Cases," Sustainability, MDPI, vol. 15(10), pages 1-26, May.
    9. Shabani, Masoume & Dahlquist, Erik & Wallin, Fredrik & Yan, Jinyue, 2020. "Techno-economic comparison of optimal design of renewable-battery storage and renewable micro pumped hydro storage power supply systems: A case study in Sweden," Applied Energy, Elsevier, vol. 279(C).
    10. Laghari, J.A. & Mokhlis, H. & Bakar, A.H.A. & Mohammad, Hasmaini, 2013. "A comprehensive overview of new designs in the hydraulic, electrical equipments and controllers of mini hydro power plants making it cost effective technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 279-293.
    11. Mehrjerdi, Hasan & Bornapour, Mosayeb & Hemmati, Reza & Ghiasi, Seyyed Mohammad Sadegh, 2019. "Unified energy management and load control in building equipped with wind-solar-battery incorporating electric and hydrogen vehicles under both connected to the grid and islanding modes," Energy, Elsevier, vol. 168(C), pages 919-930.
    12. Ravestein, P. & van der Schrier, G. & Haarsma, R. & Scheele, R. & van den Broek, M., 2018. "Vulnerability of European intermittent renewable energy supply to climate change and climate variability," Renewable and Sustainable Energy Reviews, Elsevier, vol. 97(C), pages 497-508.
    13. Takele Ferede Agajie & Ahmed Ali & Armand Fopah-Lele & Isaac Amoussou & Baseem Khan & Carmen Lilí Rodríguez Velasco & Emmanuel Tanyi, 2023. "A Comprehensive Review on Techno-Economic Analysis and Optimal Sizing of Hybrid Renewable Energy Sources with Energy Storage Systems," Energies, MDPI, vol. 16(2), pages 1-26, January.
    14. Bui, Van Ga & Tu Bui, Thi Minh & Ong, Hwai Chyuan & Nižetić, Sandro & Bui, Van Hung & Xuan Nguyen, Thi Thanh & Atabani, A.E. & Štěpanec, Libor & Phu Pham, Le Hoang & Hoang, Anh Tuan, 2022. "Optimizing operation parameters of a spark-ignition engine fueled with biogas-hydrogen blend integrated into biomass-solar hybrid renewable energy system," Energy, Elsevier, vol. 252(C).
    15. Yirga Belay Muna & Cheng-Chien Kuo, 2022. "Feasibility and Techno-Economic Analysis of Electric Vehicle Charging of PV/Wind/Diesel/Battery Hybrid Energy System with Different Battery Technology," Energies, MDPI, vol. 15(12), pages 1-20, June.
    16. Wang, Rui & Xiong, Jian & He, Min-fan & Gao, Liang & Wang, Ling, 2020. "Multi-objective optimal design of hybrid renewable energy system under multiple scenarios," Renewable Energy, Elsevier, vol. 151(C), pages 226-237.
    17. Aghdam, Farid Hamzeh & Mudiyanselage, Manthila Wijesooriya & Mohammadi-Ivatloo, Behnam & Marzband, Mousa, 2023. "Optimal scheduling of multi-energy type virtual energy storage system in reconfigurable distribution networks for congestion management," Applied Energy, Elsevier, vol. 333(C).
    18. Ahmed S. Menesy & Hamdy M. Sultan & Ibrahim O. Habiballah & Hasan Masrur & Kaisar R. Khan & Muhammad Khalid, 2023. "Optimal Configuration of a Hybrid Photovoltaic/Wind Turbine/Biomass/Hydro-Pumped Storage-Based Energy System Using a Heap-Based Optimization Algorithm," Energies, MDPI, vol. 16(9), pages 1-26, April.
    19. Falama, Ruben Zieba & Saidi, Abdelaziz Salah & Soulouknga, Marcel Hamda & Salah, Chokri Ben, 2023. "A techno-economic comparative study of renewable energy systems based different storage devices," Energy, Elsevier, vol. 266(C).
    20. Anoune, Kamal & Bouya, Mohsine & Astito, Abdelali & Abdellah, Abdellatif Ben, 2018. "Sizing methods and optimization techniques for PV-wind based hybrid renewable energy system: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 652-673.
    21. Mokhtara, Charafeddine & Negrou, Belkhir & Settou, Noureddine & Settou, Belkhir & Samy, Mohamed Mahmoud, 2021. "Design optimization of off-grid Hybrid Renewable Energy Systems considering the effects of building energy performance and climate change: Case study of Algeria," Energy, Elsevier, vol. 219(C).
    22. Bruck, Maira & Sandborn, Peter, 2021. "Pricing bundled renewable energy credits using a modified LCOE for power purchase agreements," Renewable Energy, Elsevier, vol. 170(C), pages 224-235.
    23. Sima, Catalina Alexandra & Popescu, Claudia Laurenta & Popescu, Mihai Octavian & Roscia, Mariacristina & Seritan, George & Panait, Cornel, 2022. "Techno-economic assessment of university energy communities with on/off microgrid," Renewable Energy, Elsevier, vol. 193(C), pages 538-553.
    24. Bodong, Song & Wiseong, Jin & Chengmeng, Li & Khakichi, Aroos, 2023. "Economic management and planning based on a probabilistic model in a multi-energy market in the presence of renewable energy sources with a demand-side management program," Energy, Elsevier, vol. 269(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Isaac Amoussou & Emmanuel Tanyi & Lajmi Fatma & Takele Ferede Agajie & Ilyes Boulkaibet & Nadhira Khezami & Ahmed Ali & Baseem Khan, 2023. "The Optimal Design of a Hybrid Solar PV/Wind/Hydrogen/Lithium Battery for the Replacement of a Heavy Fuel Oil Thermal Power Plant," Sustainability, MDPI, vol. 15(15), pages 1-29, July.
    2. Sahoo, Somadutta & Zuidema, Christian & van Stralen, Joost N.P. & Sijm, Jos & Faaij, André, 2022. "Detailed spatial analysis of renewables’ potential and heat: A study of Groningen Province in the northern Netherlands," Applied Energy, Elsevier, vol. 318(C).
    3. Finn, Thomas & McKenzie, Paul, 2020. "A high-resolution suitability index for solar farm location in complex landscapes," Renewable Energy, Elsevier, vol. 158(C), pages 520-533.
    4. Marco Rogna, 2019. "A First-Phase Screening Device for Site Selection of Large-Scale Solar Plants with an Application to Italy," BEMPS - Bozen Economics & Management Paper Series BEMPS57, Faculty of Economics and Management at the Free University of Bozen.
    5. Haddad, Brahim & Liazid, Abdelkrim & Ferreira, Paula, 2017. "A multi-criteria approach to rank renewables for the Algerian electricity system," Renewable Energy, Elsevier, vol. 107(C), pages 462-472.
    6. Nima Mirzaei, 2022. "A Multicriteria Decision Framework for Solar Power Plant Location Selection Problem with Pythagorean Fuzzy Data: A Case Study on Green Energy in Turkey," Sustainability, MDPI, vol. 14(22), pages 1-18, November.
    7. Sellak, Hamza & Ouhbi, Brahim & Frikh, Bouchra & Palomares, Iván, 2017. "Towards next-generation energy planning decision-making: An expert-based framework for intelligent decision support," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 1544-1577.
    8. Leezna Saleem & Imran Ahmad Siddiqui & Intikhab Ulfat, 2021. "The prioritization of renewable energy technologies in Pakistan: An urgent need," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2021(1), pages 81-103.
    9. Pınar Kaya Samut, 2017. "Integrated FANP-f-MIGP model for supplier selection in the renewable energy sector," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(3), pages 427-450, May.
    10. Zhou, Jianli & Wu, Yunna & Tao, Yao & Gao, Jianwei & Zhong, Zhiming & Xu, Chuanbo, 2021. "Geographic information big data-driven two-stage optimization model for location decision of hydrogen refueling stations: An empirical study in China," Energy, Elsevier, vol. 225(C).
    11. Shorabeh, Saman Nadizadeh & Samany, Najmeh Neysani & Minaei, Foad & Firozjaei, Hamzeh Karimi & Homaee, Mehdi & Boloorani, Ali Darvishi, 2022. "A decision model based on decision tree and particle swarm optimization algorithms to identify optimal locations for solar power plants construction in Iran," Renewable Energy, Elsevier, vol. 187(C), pages 56-67.
    12. Yılmaz, Kutay & Dinçer, Ali Ersin & Ayhan, Elif N., 2023. "Exploring flood and erosion risk indices for optimal solar PV site selection and assessing the influence of topographic resolution," Renewable Energy, Elsevier, vol. 216(C).
    13. Heo, Jae & Jung, Jaehoon & Kim, Byungil & Han, SangUk, 2020. "Digital elevation model-based convolutional neural network modeling for searching of high solar energy regions," Applied Energy, Elsevier, vol. 262(C).
    14. Noorollahi, Younes & Ghenaatpisheh Senani, Ali & Fadaei, Ahmad & Simaee, Mobina & Moltames, Rahim, 2022. "A framework for GIS-based site selection and technical potential evaluation of PV solar farm using Fuzzy-Boolean logic and AHP multi-criteria decision-making approach," Renewable Energy, Elsevier, vol. 186(C), pages 89-104.
    15. Rogna, Marco, 2020. "A first-phase screening method for site selection of large-scale solar plants with an application to Italy," Land Use Policy, Elsevier, vol. 99(C).
    16. Gallego, Aurea & Calafat, Consuelo & Segura, Marina & Quintanilla, Israel, 2019. "Land planning and risk assessment for livestock production based on an outranking approach and GIS," Land Use Policy, Elsevier, vol. 83(C), pages 606-621.
    17. Sadeghi, Delnia & Ahmadi, Seyed Ehsan & Amiri, Nima & Satinder, & Marzband, Mousa & Abusorrah, Abdullah & Rawa, Muhyaddin, 2022. "Designing, optimizing and comparing distributed generation technologies as a substitute system for reducing life cycle costs, CO2 emissions, and power losses in residential buildings," Energy, Elsevier, vol. 253(C).
    18. Gutiérrez, R.E. & Haro, P. & Gómez-Barea, A., 2021. "Techno-economic and operational assessment of concentrated solar power plants with a dual supporting system," Applied Energy, Elsevier, vol. 302(C).
    19. Amy H. I. Lee & He-Yau Kang & You-Jyun Liou, 2017. "A Hybrid Multiple-Criteria Decision-Making Approach for Photovoltaic Solar Plant Location Selection," Sustainability, MDPI, vol. 9(2), pages 1-21, January.
    20. Gerardo Alcalá & Luis Fernando Grisales-Noreña & Quetzalcoatl Hernandez-Escobedo & Jose Javier Muñoz-Criollo & J. D. Revuelta-Acosta, 2021. "SHP Assessment for a Run-of-River (RoR) Scheme Using a Rectangular Mesh Sweeping Approach (MSA) Based on GIS," Energies, MDPI, vol. 14(11), pages 1-21, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:15:p:11735-:d:1206363. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.