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

dc.contributor.authorCanales, Fausto A.spa
dc.contributor.authorJurasz, Jakub K.spa
dc.contributor.authorGuezgouz, Mohammedspa
dc.contributor.authorBeluco, Alexandrespa
dc.date.accessioned2021-06-01T00:31:20Z
dc.date.available2021-06-01T00:31:20Z
dc.date.issued2021
dc.identifier.issn2213-1388spa
dc.identifier.urihttps://hdl.handle.net/11323/8311spa
dc.description.abstractThis 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.eng
dc.format.mimetypeapplication/pdfspa
dc.language.isoeng
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationalspa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/spa
dc.sourceSustainable Energy Technologies and Assessmentsspa
dc.subjectHybrid power systemseng
dc.subjectMulti-objective optimizationeng
dc.subjectHybrid energy storageeng
dc.subjectReliabilityeng
dc.subjectEnergy management strategyeng
dc.titleCost-reliability analysis of hybrid pumped-battery storage for solar and wind energy integration in an island communityeng
dc.typeArtículo de revistaspa
dc.source.urlhttps://www.sciencedirect.com/science/article/abs/pii/S2213138821000722spa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
dc.identifier.doihttps://doi.org/10.1016/j.seta.2021.101062spa
dc.identifier.instnameCorporación Universidad de la Costaspa
dc.identifier.reponameREDICUC - Repositorio CUCspa
dc.identifier.repourlhttps://repositorio.cuc.edu.co/spa
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