Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community

This paper presents a mathematical model for estimating the optimal sizing and assessing a standalone hybrid power system's performance entirely based on variable renewable energy sources and coupled with a hybrid energy storage system. This study evaluates how different levels of the main comp...

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Autores:
Canales, Fausto A.
Jurasz, Jakub K.
Guezgouz, Mohammed
Beluco, Alexandre
Tipo de recurso:
Article of journal
Fecha de publicación:
2021
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/8311
Acceso en línea:
https://hdl.handle.net/11323/8311
https://doi.org/10.1016/j.seta.2021.101062
https://repositorio.cuc.edu.co/
Palabra clave:
Hybrid power systems
Multi-objective optimization
Hybrid energy storage
Reliability
Energy management strategy
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openAccess
License
Attribution-NonCommercial-NoDerivatives 4.0 International
id RCUC2_9b609f3fcdaa92d873e9084e627ddece
oai_identifier_str oai:repositorio.cuc.edu.co:11323/8311
network_acronym_str RCUC2
network_name_str REDICUC - Repositorio CUC
repository_id_str
dc.title.eng.fl_str_mv Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
title Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
spellingShingle Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
Hybrid power systems
Multi-objective optimization
Hybrid energy storage
Reliability
Energy management strategy
title_short Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
title_full Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
title_fullStr Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
title_full_unstemmed Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
title_sort Cost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community
dc.creator.fl_str_mv Canales, Fausto A.
Jurasz, Jakub K.
Guezgouz, Mohammed
Beluco, Alexandre
dc.contributor.author.spa.fl_str_mv Canales, Fausto A.
Jurasz, Jakub K.
Guezgouz, Mohammed
Beluco, Alexandre
dc.subject.eng.fl_str_mv Hybrid power systems
Multi-objective optimization
Hybrid energy storage
Reliability
Energy management strategy
topic Hybrid power systems
Multi-objective optimization
Hybrid energy storage
Reliability
Energy management strategy
description This paper presents a mathematical model for estimating the optimal sizing and assessing a standalone hybrid power system's performance entirely based on variable renewable energy sources and coupled with a hybrid energy storage system. This study evaluates how different levels of the main components' capital cost and the loss of power supply probability would affect the cost of energy and the power system's optimal sizing. The case study selected for this study was Ometepe Island in Nicaragua, where the crater lake of an extinct volcano was considered a feasible upper reservoir of a pumped storage hydropower plant, reducing the investments associated with this component. The mathematical formulation considers energy storage losses and gains, and the Pareto efficient solutions of the multi-objective optimization model simultaneously increase reliability, reduce the cost of energy, and minimize curtailment energy. By employing time-series with an hourly resolution, the model allows assessing the impact of the interannual variability of renewable energy sources on the system's performance. As for the case study, the cost of energy obtained from the model results ranges between €0.047/kWh and €0.095/kWh, based on international reference values, and these values match the information available in the literature and other databases.
publishDate 2021
dc.date.accessioned.none.fl_str_mv 2021-06-01T00:31:20Z
dc.date.available.none.fl_str_mv 2021-06-01T00:31:20Z
dc.date.issued.none.fl_str_mv 2021
dc.type.spa.fl_str_mv Artículo de revista
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.content.spa.fl_str_mv Text
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
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dc.type.version.spa.fl_str_mv info:eu-repo/semantics/acceptedVersion
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dc.identifier.issn.spa.fl_str_mv 2213-1388
dc.identifier.uri.spa.fl_str_mv https://hdl.handle.net/11323/8311
dc.identifier.doi.spa.fl_str_mv https://doi.org/10.1016/j.seta.2021.101062
dc.identifier.instname.spa.fl_str_mv Corporación Universidad de la Costa
dc.identifier.reponame.spa.fl_str_mv REDICUC - Repositorio CUC
dc.identifier.repourl.spa.fl_str_mv https://repositorio.cuc.edu.co/
identifier_str_mv 2213-1388
Corporación Universidad de la Costa
REDICUC - Repositorio CUC
url https://hdl.handle.net/11323/8311
https://doi.org/10.1016/j.seta.2021.101062
https://repositorio.cuc.edu.co/
dc.language.iso.none.fl_str_mv eng
language eng
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spelling Canales, Fausto A.Jurasz, Jakub K.Guezgouz, MohammedBeluco, Alexandre2021-06-01T00:31:20Z2021-06-01T00:31:20Z20212213-1388https://hdl.handle.net/11323/8311https://doi.org/10.1016/j.seta.2021.101062Corporación Universidad de la CostaREDICUC - Repositorio CUChttps://repositorio.cuc.edu.co/This paper presents a mathematical model for estimating the optimal sizing and assessing a standalone hybrid power system's performance entirely based on variable renewable energy sources and coupled with a hybrid energy storage system. This study evaluates how different levels of the main components' capital cost and the loss of power supply probability would affect the cost of energy and the power system's optimal sizing. The case study selected for this study was Ometepe Island in Nicaragua, where the crater lake of an extinct volcano was considered a feasible upper reservoir of a pumped storage hydropower plant, reducing the investments associated with this component. The mathematical formulation considers energy storage losses and gains, and the Pareto efficient solutions of the multi-objective optimization model simultaneously increase reliability, reduce the cost of energy, and minimize curtailment energy. By employing time-series with an hourly resolution, the model allows assessing the impact of the interannual variability of renewable energy sources on the system's performance. As for the case study, the cost of energy obtained from the model results ranges between €0.047/kWh and €0.095/kWh, based on international reference values, and these values match the information available in the literature and other databases.Canales, Fausto A.Jurasz, Jakub K.Guezgouz, MohammedBeluco, Alexandreapplication/pdfengAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Sustainable Energy Technologies and Assessmentshttps://www.sciencedirect.com/science/article/abs/pii/S2213138821000722Hybrid power systemsMulti-objective optimizationHybrid energy storageReliabilityEnergy management strategyCost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island communityArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/acceptedVersionInternational Renewable Energy Agency Global renewables outlook: energy transformation 2050 IRENA, Abu Dhabi (2020)M.Z. 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Breyer Curtailment-storage-penetration nexus in the energy transition Appl Energy, 235 (2019), pp. 1351-1368, 10.1016/j.apenergy.2018.11.069PublicationORIGINALCost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community.pdfCost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island community.pdfapplication/pdf102382https://repositorio.cuc.edu.co/bitstreams/4bf35767-0efc-4ed0-8be9-abd161bc003c/downloadff75c4f9e47a3b51a034b9186fbb04afMD51CC-LICENSElicense_rdflicense_rdfapplication/rdf+xml; charset=utf-8805https://repositorio.cuc.edu.co/bitstreams/e2a5bc24-418e-401f-b314-4f0649694520/download4460e5956bc1d1639be9ae6146a50347MD52LICENSElicense.txtlicense.txttext/plain; charset=utf-83196https://repositorio.cuc.edu.co/bitstreams/7b8b8e9c-2c27-49dd-b5db-b252763ca99d/downloade30e9215131d99561d40d6b0abbe9badMD53THUMBNAILCost-reliability analysis of hybrid pumped-battery storage for solar 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