Optimizing design and dispatch of a renewable energy system

Ogunmodede, Oluwaseun; Anderson, Kate; Cutler, Dylan; Newman, Alexandra

doi:10.1016/j.apenergy.2021.116527

Optimizing design and dispatch of a renewable energy system

Journal Article · Wed Feb 10 00:00:00 EST 2021 · Applied Energy

DOI:https://doi.org/10.1016/j.apenergy.2021.116527· OSTI ID:1768285

^[1]; ^[2]; Cutler, Dylan ^[3]; ^[1]

Colorado School of Mines, Golden, CO (United States)
Colorado School of Mines, Golden, CO (United States); National Renewable Energy Lab. (NREL), Golden, CO (United States)
National Renewable Energy Lab. (NREL), Golden, CO (United States)

Renewable energy technologies are becoming increasingly important due to their cost-competitiveness, and because of enhanced climate concerns. We demonstrate the capabilities of an integer-programming optimization model that minimizes capital (investment) and operational costs, and utility charges, while adhering to system sizing constraints, demand requirements, and interoperability characteristics of the systems chosen. Furthermore, the model recommends an optimally sized mix of renewable energy, conventional generation, and energy storage technologies, while simultaneously optimizing the corresponding dispatch strategy. Our case studies explore several venues, i.e., a small campus and a local hospital, with complex utility rate tariffs, multi-technology integration opportunities, and incentives for renewable power production. Using an optimization model, versus applying rules of thumb, can produce millions of dollars in savings over a 25-year time horizon and result in thousands of kilowatts of installed renewable energy.

View Accepted Manuscript (DOE)

Research Organization:: National Renewable Energy Laboratory (NREL), Golden, CO (United States)

Sponsoring Organization:: USDOE; USDOE Office of Energy Efficiency and Renewable Energy (EERE), Advanced Manufacturing Office; USDOE Office of Energy Efficiency and Renewable Energy (EERE), Federal Energy Management Program Office

Grant/Contract Number:: AC36-08GO28308

OSTI ID:: 1768285

Alternate ID(s):: OSTI ID: 1822551
OSTI ID: 23187381

Report Number(s):: NREL/JA--7A40-78610; MainId:32527; UUID:eed874f5-41a6-4543-a356-d0eb0e49c79e; MainAdminID:19691

Journal Information:: Applied Energy, Journal Name: Applied Energy Vol. 287; ISSN 0306-2619

Publisher:: ElsevierCopyright Statement

Country of Publication:: United States

Language:: English

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