IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-97940-9_23.html
   My bibliography  Save this book chapter

Economical and Reliable Design of a Hybrid Energy System in a Smart Grid Network

In: Handbook of Smart Energy Systems

Author

Listed:
  • Reza Gharoie Ahangar

    (G. Brint Ryan College of Business, University of North Texas)

  • Hani Gharavi

    (Eirgrid PLC)

Abstract

In this chapter, we introduce a hybrid wind turbine, photovoltaic, and fuel cell energy system intending to minimize the overall cost to increase the designed hybrid system’s efficiency. In our study, the associated costs in the objective function consist of initial investment costs, operational and maintenance costs, and the cost related to loss of load. To find the optimal solution with the nonlinear mixed-integer function, we utilized particle swarm optimization algorithm, and also we implemented an approximate reliability model to assess the reliability. The findings show that the overall cost of the designed hybrid system is optimized with the present value of the loss of energy expectation and total cost for 20 years, $0.13 (*10−6) and $2.59 (*10−6), respectively, which are noticeable, with respect to satisfactory ranges of reliability indexes.

Suggested Citation

  • Reza Gharoie Ahangar & Hani Gharavi, 2023. "Economical and Reliable Design of a Hybrid Energy System in a Smart Grid Network," Springer Books, in: Michel Fathi & Enrico Zio & Panos M. Pardalos (ed.), Handbook of Smart Energy Systems, pages 101-113, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-97940-9_23
    DOI: 10.1007/978-3-030-97940-9_23
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:sprchp:978-3-030-97940-9_23. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.