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Conceptual hybrid energy model for different power potential scales: Technical and economic approaches

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  • Ramos, Helena M.
  • Pina, João
  • Coronado-Hernández, Oscar E.
  • Pérez-Sánchez, Modesto
  • McNabola, Aonghus

Abstract

This research attempts to address the gap between the theoretical fundamentals of hybrid renewable energy systems and their practical implementation at different scales through a new Conceptual Hybrid Energy Model (COHYBEM). The main objective was to develop a multi-variable model to allow a new complete and comprehensive techno-economic analysis of the performance of possible hybrid renewable power systems at different scales. The purpose is to evaluate the influence of critical parameters by changing key parameters in the developed model and identifying their impacts. It covers big data analyses, simulation and optimization of hybrid energy solutions, combining wind, solar and hydropower energy sources with the energy storage technology of pump hydropower storage. The research also denoted the Pareto front with the increasing power installed, for the maximum efficiency and total satisfied demand by Wind + PVSolar and by Hydro converges to a higher percentage, while a minimum waste by Wind + PVSolar is also progressing towards the increasing scales. In terms of investment costs for the 243 analyzed case studies, it varies between 45 k€ to 2.1 M€, resulting in a net present value (NPV) between 18 and 600 k€ and a payback period around 6–17 years depending on the power scale analyzed.

Suggested Citation

  • Ramos, Helena M. & Pina, João & Coronado-Hernández, Oscar E. & Pérez-Sánchez, Modesto & McNabola, Aonghus, 2024. "Conceptual hybrid energy model for different power potential scales: Technical and economic approaches," Renewable Energy, Elsevier, vol. 237(PA).
    • Handle: RePEc:eee:renene:v:237:y:2024:i:pa:s0960148124015544
    DOI: 10.1016/j.renene.2024.121486
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    References listed on IDEAS

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    1. Athanasios Zisos & Georgia-Konstantina Sakki & Andreas Efstratiadis, 2023. "Mixing Renewable Energy with Pumped Hydropower Storage: Design Optimization under Uncertainty and Other Challenges," Sustainability, MDPI, vol. 15(18), pages 1-21, September.
    2. Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Amin, Muhammad Yasir, 2020. "Solar and wind power generation systems with pumped hydro storage: Review and future perspectives," Renewable Energy, Elsevier, vol. 148(C), pages 176-192.
    3. PERPIÑA CASTILLO Carolina & HORMIGOS FELIU Clara & DORATI Chiara & KAKOULAKI Georgia & PEETERS Leen & QUARANTA Emanuele & TAYLOR Nigel & UIHLEIN Andreas & AUTERI Davide & DIJKSTRA Lewis, 2024. "Renewable Energy production and potential in EU Rural Areas," JRC Research Reports JRC135612, Joint Research Centre.
    4. Georgios E. Arnaoutakis & Georgia Kefala & Eirini Dakanali & Dimitris Al. Katsaprakakis, 2022. "Combined Operation of Wind-Pumped Hydro Storage Plant with a Concentrating Solar Power Plant for Insular Systems: A Case Study for the Island of Rhodes," Energies, MDPI, vol. 15(18), pages 1-23, September.
    5. Xianxun Wang & Lihua Chen & Qijuan Chen & Yadong Mei & Hao Wang, 2018. "Model and Analysis of Integrating Wind and PV Power in Remote and Core Areas with Small Hydropower and Pumped Hydropower Storage," Energies, MDPI, vol. 11(12), pages 1-24, December.
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    11. DORATI Chiara & HORMIGOS FELIU Clara & PERPIÑA CASTILLO Carolina & QUARANTA Emanuele & TAYLOR Nigel & KAKOULAKI Georgia & UIHLEIN Andreas & AUTERI Davide & DIJKSTRA Lewis, 2024. "Renewable energy in EU Rural Areas: production, potential and community engagement," JRC Research Reports JRC138095, Joint Research Centre.
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    13. Prajwal S. M. Guruprasad & Emanuele Quaranta & Oscar E. Coronado-Hernández & Helena M. Ramos, 2023. "Hydropower Advantages over Batteries in Energy Storage of Off-Grid Systems: A Case Study," Energies, MDPI, vol. 16(17), pages 1-28, August.
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