All Issue

2019 Vol.39, Issue 6 Preview Page

Research Article

Development of Economic Evaluation Solution and Power Prediction of Renewable Energy System

신재생에너지 발전 출력 예측과 경제성 종합평가 기술개발

Dae-Seong Jeoune1
,
Jin-Young Kim2
,
Hyun-Goo Kim3
,
Jonghyun Kim4
,
Carl Youm5
,
Ki-Yeol Shin6*
전 대성1
,
김 진영2
,
김 현구3
,
김 종현4
,
염 기웅5
,
신 기열6*
1Director of Technology Research Center, A1 Engineering Inc.
2Senior Engineer, New and Renewable Energy Resource & Policy Center, Korea Institute of Energy Research
3Principal Researcher, New and Renewable Energy Resource & Policy Center, Korea Institute of Energy Research
4Director, DaeMyoung GEC Co., LTD.
5CEO, TeamData21 Co., LTD.
6Assistant Professor, School of Mechanical Engineering, Yeungnam University
1주식회사에이원엔지니어링 기술연구소장
2한국에너지기술연구원 신재생에너지자원․정책센터, 선임기술원
3한국에너지기술연구원 신재생에너지자원․정책센터, 책임연구원
4대명지이씨㈜ 발전서비스사업부, 상무
5㈜팀데이터이십일, 대표이사
6영남대학교 기계공학부, 조교수
*Corresponding Author 
31 December 2019. pp. 93-112
PDF XML Citation
Abstract

In this paper, a very new web-based software for renewable energy system (RES) design and economic evaluation was introduced. This solution would provide the precise RES estimation service including not only photovoltaic (PV), wind turbine (WT) and fuel cell (FC) individually but also energy storage system (ESS) as combined forms with PV or WT. The three reasons why we ought to develop it are: First, the standardized tool suitable to the domestic environment for estimating power generation from RES facilities and economic evaluation is required. Secondly, the standardized tool is needed to spread domestic RES supply policy and to promote the new industry in the micro-grid field. The last, the reliability of economic evaluation should be enhanced more for new facilities. To achieve those aims, the weather database of one hundred locations have established and the RES facility database has also constructed. For the energy management, mathematical models for PV, WT, ESS and FC were developed. As a final phase, the analytical process to evaluate economics has performed with field data verification.

Keywords
Renewable energy
Economic evaluation
Power prediction
Photovoltaic
Wind power
Energy storage system
Fuel cell

키워드
신재생에너지
경제성 평가
발전 출력 예측
태양광
풍력
에너지저장장치
연료전지
References
1
Obushevs, A., Oleinikova, I., Syed, M., Zaher, A., and Burt, G., Future Electricity Market Structure to ensure large Volume of RES, European Energy Market(EEM), 14th IEEE International Conference, Dresden, Germany, pp. 1-6, 2017.
10.1109/EEM.2017.7981972
2
Verzijlbergh, R. A., De Vries, L. J., Dijkema, G. P. J., and Herder, P. M., Institutional Challenges Caused by the Integration of Renewable Energy Sources in the European Electricity Sector, Renewable and Sustainable Energy Reviews, Vol. 75, pp. 660-667, 2017.
10.1016/j.rser.2016.11.039
3
Sinha, S. and Chandel, S. S., Review of Software Tools for Hybrid Renewable Energy Systems, Renewable and Sustainable Energy Reviews, Vol. 32, pp. 192-205, 2014.
10.1016/j.rser.2014.01.035
4
Connolly, D., Lund, H., Mathiesen, B. V., and Leahy, M., A Review of Computer Tools for Analysing the Integration of Renewable Energy into Various Energy Systems, Applied Energy, Vol. 87, No. 4, pp. 1059-1082, 2010.
10.1016/j.apenergy.2009.09.026
5
Mendes, G., Ioakimidis, C., and Ferrão, P., On the Planning and Analysis of Integrated Community Energy Systems: A Review and Survey of Available Tools, Renewable and Sustainable Energy Reviews, Vol. 15, No. 9, pp. 4836-4854, 2011.
10.1016/j.rser.2011.07.067
6
Markovic, D., Cvetkovic, D., and Masic, B., Survey of Software Tools for Energy efficiency in a Community, Renewable and Sustainable Energy Reviews, Vol. 15, No. 9, pp. 4897-4903, 2011.
10.1016/j.rser.2011.06.014
7
TRNSYS, www.trnsys.com.
8
HOMER, www.homerenergy.com.
9
De Luca, G., Fabozzi, S., Massarotti, N., and Vanoli, L., A Renewable Energy System for a Nearly Zero Greenhouse City: Case Study of a Small City in Southern Italy, Energy, Vol. 143, pp. 347-362, 2018.
10.1016/j.energy.2017.07.004
10
Venkataramani, G. and Ramalingam, V., Performance Analysis of a Small Capacity Compressed Air Energy Storage System for Renewable Energy Generation using TRNSYS, Journal of Renewable and Sustainable Energy, Vol. 9, No. 4, p. 044106, 2017.
10.1063/1.5000287
11
Behzadi, M. S. and Niasati, M., Comparative Performance Analysis of a Hybrid PV/FC/Battery Stand-alone System using Different Power Management Strategies and Sizing Approaches, International Journal of Hydrogen Energy, Vol. 40, No. 1, pp. 538-548, 2015.
10.1016/j.ijhydene.2014.10.097
12
Kalinci, Y., Alternative Energy Scenarios for Bozcaada Island, Turkey, Renewable and Sustainable Energy Reviews, Vol. 45, pp. 468-480, 2015.
10.1016/j.rser.2015.02.001
13
Ngan, M. S. and Tan, C. W., Assessment of Economic Viability for PV/Wind/Diesel Hybrid Energy System in Southern Peninsular Malaysia, Renewable and Sustainable Energy Reviews, Vol. 16, No. 1, pp. 634-647, 2012.
10.1016/j.rser.2011.08.028
14
Amutha, W. M. and Rajini, V., Techno-economic evaluation of various Hybrid Power Systems for Rural Telecom, Renewable and Sustainable Energy Reviews, Vol. 43, pp. 553-561, 2015.
10.1016/j.rser.2014.10.103
15
Demiroren, A. and Yilmaz, U., Analysis of Change in Electric Energy cost with using Renewable Energy Sources in Gökceada, Turkey: An Island Example, Renewable and Sustainable Energy Reviews, Vol. 14, No. 1, pp. 323-333, 2010.
10.1016/j.rser.2009.06.030
16
Ghasemi, A., Asrari, A., Zarif, M., and Abdelwahed, S., Techno-economic Analysis of Stand-alone Hybrid Photovoltaic-diesel-battery Systems for Rural Electrification in Eastern Part of Iran - A Step toward Sustainable Rural Development, Renewable and Sustainable Energy Reviews, Vol. 28, pp. 456-462, 2013.
10.1016/j.rser.2013.08.011
17
Asrari, A., Ghasemi, A., and Javidi, M. H., Economic Evaluation of Hybrid Renewable Energy Systems for Rural Electrification in Iran - A Case Study, Renewable and Sustainable Energy Reviews, Vol. 16, No. 5, pp. 3123-3130, 2012.
10.1016/j.rser.2012.02.052
18
Sen, R. and Bhattacharyya, S. C., Off-grid Electricity Generation with Renewable Energy Technologies in India: An Application of HOMER, Renewable Energy, Vol. 62, pp. 388-398, 2014.
10.1016/j.renene.2013.07.028
19
Ramli, M. A., Hiendro, A., and Twaha, S., Economic Analysis of PV/diesel Hybrid System with Flywheel Energy Storage, Renewable Energy, Vol. 78, pp. 398-405, 2015.
10.1016/j.renene.2015.01.026
20
Ramli, M. A., Hiendro, A., Sedraoui, K., and Twaha, S., Optimal Sizing of Grid-connected Photovoltaic Energy System in Saudi Arabia, Renewable Energy, Vol. 75, pp. 489-495, 2015.
10.1016/j.renene.2014.10.028
21
Shaahid, S. M., Al-Hadhrami, L. M., and Rahman, M. K., Review of Economic Assessment of Hybrid Photovoltaic-diesel-battery Power Systems for Residential Loads for Different Provinces of Saudi Arabia, Renewable and Sustainable Energy Reviews, Vol. 31, pp. 174-181, 2014.
10.1016/j.rser.2013.11.055
22
Kim, H., Baek, S., Park, E., and Chang, H. J., Optimal Green Energy Management in Jeju, South Korea-On- Grid and Off-Grid Electrification, Renewable Energy, Vol. 69, pp. 123-133, 2014.
10.1016/j.renene.2014.03.004
23
Chung, M., Shin, K.-Y., Jeoune, D.-S., Park, S.-Y., Lee, W.-J., and Im, Y.-H., Economic Evaluation of Renewable Energy Systems for the Optimal Planning and Design in Korea - A Case Study, Journal of Sustainable Development of Energy, Water and Environment Systems, Vol. 6, No. 4, pp. 725-741, 2018.
10.13044/j.sdewes.d6.0216
24
Bekele, G. and Palm, B., Feasibility Study for a Standalone Solar-wind-based Hybrid Energy System for Application in Ethiopia, Applied Energy, Vol. 87, No. 2, pp. 487-495, 2010.
10.1016/j.apenergy.2009.06.006
25
Ma, T., Yang, H., and Lu, L., A Feasibility Study of a Stand-alone Hybrid Solar-wind-battery System for a Remote Island, Applied Energy, Vol. 121, pp. 149-158, 2014.
10.1016/j.apenergy.2014.01.090
26
Giannoulis, E. D. and Haralambopoulos, D. A., Distributed Generation in an Isolated Grid: Methodology of Case Study for Lesvos-Greece, Applied Energy, Vol. 88, No. 7, pp. 2530-2540, 2011.
10.1016/j.apenergy.2011.01.046
27
Chmiel, Z. and Bhattacharyya, S. C., Analysis of Off-grid Electricity System at Isle of Eigg (Scotland): Lessons for Developing Countries, Renewable Energy, Vol. 81, pp. 578-588, 2015.
10.1016/j.renene.2015.03.061
28
Hafez, O. and Bhattacharya, K., Optimal Planning and Design of a Renewable Energy based Supply System for Microgrids, Renewable Energy, Vol. 45, pp. 7-15, 2012.
10.1016/j.renene.2012.01.087
29
Abdilahi, A. M., Yatim, A. H. M., Mustafa, M. W., Khalaf, O. T., Shumran, A. F., and Nor, F. M., Feasibility Study of Renewable Energy-based Microgrid System in Somaliland's Urban Centers, Renewable and Sustainable Energy Reviews, Vol. 40, pp. 1048-1059, 2014.
10.1016/j.rser.2014.07.150
30
Chade, D., Miklis, T., and Dvorak, D., Feasibility Study of Wind-to-hydrogen System for Arctic Remote Locations - Grimsey Island Case Study, Renewable Energy, Vol. 76, pp. 204-211, 2015.
10.1016/j.renene.2014.11.023
31
Mudasser, M., Yiridoe, E. K., and Corscadden, K., Cost-benefit Analysis of Grid-connected Wind-biogas Hybrid Energy Production, by Turbine Capacity and Site, Renewable Energy, Vol. 80, pp. 573-582, 2015.
10.1016/j.renene.2015.02.055
32
Pop, C., Cioara, T., Antal, M., Anghel, I., Salomie, I., and Bertoncini, M., Blockchain based Decentralized Management of Demand Response Programs in Smart Energy Grids, Sensors, Vol. 18, No. 1, pp. 1-21, 2018.
10.3390/s1801016229315250PMC5796446
33
Brusco, G., Burgio, A., Menniti, D., Pinnarelli, A., Sorrentino, N., and Scarcello, L., An Energy Box in a Cloud-based Architecture for Autonomous Demand Response of Prosumers and Prosumages, Electronics, Vol. 6, No. 4, pp. 1-16, 2017.
10.3390/electronics6040098
34
Kim, S. Y., Kim, C. K., Kang, Y.-H., Yun, C.-Y., Jang, G. S., and Kim, H.-G., Comparative analysis on the characteristic of Typical Meteorological Year applying Principal Component Analysis, Journal of the Korean Solar Energy Society, Vol. 39, No. 3, pp. 67-79, 2019.
35
Duffie, J. A. and Beckman, W. A., Solar Engineering of Thermal Processes, 4thEd., JohnWiley&Sons, pp. 89-96, 2013.
10.1002/9781118671603PMC3605844
Information
  • Publisher :Korean Solar Energy Society
  • Publisher(Ko) :한국태양에너지학회
  • Journal Title :Journal of the Korean Solar Energy Society
  • Journal Title(Ko) :한국태양에너지학회 논문집
  • Volume : 39
  • No :6
  • Pages :93-112
  • Received Date : 2019-10-10
  • Revised Date : 2019-12-20
  • Accepted Date : 2019-12-23
  • DOI :https://doi.org/10.7836/kses.2019.39.6.093
Journal Informaiton Journal of the Korean Solar Energy Society Journal of the Korean Solar Energy Society
Online Submission
  • NRF
  • KOFST
  • crossref crossmark
  • crossref cited-by
  • crosscheck
  • orcid
  • open access
  • ccl
Journal Informaiton Journal Informaiton - close