Capacity Design and Cost Analysis of Converged Renewable Energy Resources by Considering Base Load Conditions in Residential and Industrial Areas
Abstract
:1. Introduction
2. Design of a System without Base Generation (Referenced Study)
2.1. Capacity Design of PV Generation Systems
2.2. Capacity Design of the ESS Systems
3. Design of the System with Base Generation (Proposed Study)
3.1. Improvements in Approach
- (1)
- Select the target area where the power generation system will be installed.
- (2)
- Collect the basic data, such as the amount of sunlight and average daily load () in the target area.
- (3)
- Calculate the annual minimum load () as the base load using the collected load data.
- (4)
- Calculate the capacity of the base power source () to supply power to the annual minimum load () and the daily base power production (). At this time, the capacity is determined larger than the annual minimum load (), and with the minimum capacity in the rated power product. Since the fuel cell, which is the base power source, can be operated with the same output all day, the daily base power production () can be obtained by multiplying the capacity of the base power source () by 24 h.
- (5)
- Calculate the middle and peak loads () by excluding as much as possible the daily base power production () from the average daily load (). Middle and peak loads are powered by photovoltaic and energy storage devices.
- (6)
- Collect details of the system components (inverter, cable, electrical energy storage, etc.).
- (7)
- Calculate the daily photovoltaic power production () by using the median and peak loads () and the previously collected details of the system components.
- (8)
- Calculate the photovoltaic generation capacity () and the energy storage capacity ().
3.2. Power Load of the Target Area (Customer)
3.3. Design of the Base Generation Capacity
3.4. Capacity Design of the PV Power Generation System and ESS
3.5. Comparison of System Design of Referenced and Current Study
4. Economic Analysis
4.1. Cost Calculation of the System Designed with a Base Generation Power Source (Proposed Study)
4.2. Cost Comparison (Economic Analysis)
5. Conclusions
Author Contributions
Funding
Conflicts of Interest
References
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Load | Residential Area (kWh) | Industrial Complexes (kWh) | Total (kWh) | |
---|---|---|---|---|
Period | ||||
June 2019 | 28,495 | 32,370 | 60,865 | |
July 2019 | 35,531 | 33,268 | 68,799 | |
August 2019 | 39,920 | 27,648 | 67,568 | |
September 2019 | 33,889 | 28,589 | 62,478 | |
October 2019 | 35,505 | 41,842 | 77,347 | |
November 2019 | 38,139 | 26,063 | 64,202 | |
December 2019 | 40,964 | 33,718 | 74,682 | |
January 2020 | 40,086 | 35,456 | 75,542 | |
February 2020 | 35,819 | 38,096 | 73,915 | |
March 2020 | 36,460 | 30,136 | 66,596 | |
April 2020 | 32,823 | 26,165 | 58,988 | |
May 2020 | 27,403 | 23,472 | 50,875 | |
Total | 425,034 | 376,821 | 801,855 | |
Monthly Average | 35,420 | 31,402 | 66,821 | |
Daily Average | 1164 | 1032 | 2197 |
Power Generation | Referenced Research (Without Base Load Power Generation) | Current Research (With Base Load Power Generation) |
---|---|---|
PV () | 715.84 kW | 442.15 kW |
ESS () | 2227.70 kWh | 1375.96 kWh |
Fuel cell () | - | 35.00 kW |
Component | Unit Cost |
---|---|
PV generation system | 1083 $/kW |
ESS | 450 $/kWh |
Fuel cell generation system | 4167 $/kW |
Component | Unit Price | Installation Capacity | Cost (USD) |
---|---|---|---|
PV () | 1083 $/kW | 442.15 kW | 478,846.93 |
ESS () | 450 $/kWh | 1375.96 kWh | 619,182.77 |
Fuel cell () | 4167 $/kW | 35.00 kW | 145,845.00 |
Total | 1,243,874.70 |
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Lee, S.H.; Lee, W.; Hyun, J.H.; Bhang, B.G.; Choi, J.; Ahn, H.K. Capacity Design and Cost Analysis of Converged Renewable Energy Resources by Considering Base Load Conditions in Residential and Industrial Areas. Appl. Sci. 2020, 10, 7822. https://doi.org/10.3390/app10217822
Lee SH, Lee W, Hyun JH, Bhang BG, Choi J, Ahn HK. Capacity Design and Cost Analysis of Converged Renewable Energy Resources by Considering Base Load Conditions in Residential and Industrial Areas. Applied Sciences. 2020; 10(21):7822. https://doi.org/10.3390/app10217822
Chicago/Turabian StyleLee, Sang Hun, Wonbin Lee, Jin Hee Hyun, Byeong Gwan Bhang, Jinho Choi, and Hyung Keun Ahn. 2020. "Capacity Design and Cost Analysis of Converged Renewable Energy Resources by Considering Base Load Conditions in Residential and Industrial Areas" Applied Sciences 10, no. 21: 7822. https://doi.org/10.3390/app10217822
APA StyleLee, S. H., Lee, W., Hyun, J. H., Bhang, B. G., Choi, J., & Ahn, H. K. (2020). Capacity Design and Cost Analysis of Converged Renewable Energy Resources by Considering Base Load Conditions in Residential and Industrial Areas. Applied Sciences, 10(21), 7822. https://doi.org/10.3390/app10217822