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A Comprehensive Review on Techno-Economic Analysis and Optimal Sizing of Hybrid Renewable Energy Sources with Energy Storage Systems

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  • 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)

  • Ahmed Ali

    (Department of Electrical and Electronic Engineering Technology, Faculty of Engineering and the Built Environment, University of Johannesburg, Johannesburg 2092, South Africa)

  • Armand Fopah-Lele

    (Department of Mechanical 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)

  • Baseem Khan

    (Department of Electrical and Computer Engineering, Hawassa University, Hawassa P.O. Box 05, Ethiopia
    Department of Project Management, Universidad Internacional Iberoamericana, Campeche 24560, Mexico)

  • Carmen Lilí Rodríguez Velasco

    (Department of Project Management, Universidad Internacional Iberoamericana, Campeche 24560, Mexico
    Department of Project Management, Universidad Europea del Atlántico, C/Isabel Torres 21, 39011 Santander, Spain)

  • Emmanuel Tanyi

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

Abstract

Renewable energy solutions are appropriate for on-grid and off-grid applications, acting as a supporter for the utility network or rural locations without the need to develop or extend costly and difficult grid infrastructure. As a result, hybrid renewable energy sources have become a popular option for grid-connected or standalone systems. This paper examines hybrid renewable energy power production systems with a focus on energy sustainability, reliability due to irregularities, techno-economic feasibility, and being environmentally friendly. In attaining a reliable, clean, and cost-effective system, sizing optimal hybrid renewable energy sources (HRES) is a crucial challenge. The presenters went further to outline the best sizing approach that can be used in HRES, taking into consideration the key components, parameters, methods, and data. Moreover, the goal functions, constraints from design, system components, optimization software tools, and meta-heuristic algorithm methodologies were highlighted for the available studies in this timely synopsis of the state of the art. Additionally, current issues resulting from scaling HRES were also identified and discussed. The latest trends and advances in planning problems were thoroughly addressed. Finally, this paper provides suggestions for further research into the appropriate component sizing in HRES.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:2:p:642-:d:1025854
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