A ’feasibility space’ as a goal to be achieved in the development of new technologies for converting renewable energies

Abstract

This method article proposes the establishment of a feasibility space as an objective to be achieved during the development of new technologies to convert energy from renewable resources. The feasibility space can also be a reference when designing an energy system based on renewable resources. The feasibility space is a set of parameter values for the design stage that define the economic and technical feasibility of an energy system or a new technology, which must be satisfied when the energy system comes into operation or when the new technology for converting power goes into operation. The study of possible feasibility spaces allows characterizing energy systems or new technologies as attractive investments, or on the other hand, as unfeasible ventures. - The method proposes to establish a goal to achieve during the development of technologies for energy conversion. - The method provides a benchmark for both the stages of design and development of generation systems and new technologies. - The feasibility space constitutes a planning tool for power systems based on renewable resources of any size.