Abstract
This paper presents a solution to the Renewable Energy Integration Problem (REIP) by finding the Optimal Configuration of components required in a hybrid microgrid located in Kuwait, such that the cost of energy (COE) is minimized when considering several components such as: solar panels, wind turbines, electric batteries, converters, inverters, diesel generators and connection to the power grid. The optimal configuration is found by evaluating the interaction and effects of several combinations of components via Monte-Carlo simulation, and such configurations are in turn optimized by means of 2 alternative stochastic algorithms: The Genetic Algorithm and the Fireworks Algorithm. The two approaches are compared, concluding that the Fireworks Algorithm provides more variety of configurations along the iterations before reaching convergence. The evaluation by Monte-Carlo simulation is calculated, by means of Present Worth (PW) with a minimum attractive rate of return (MARR) set to 7 percent to represent a high inflation rate-scenario, concluding that both methods can be safely used to optimize the design of hybrid micro-grids under high economical stress.
 
 Received: 18 August 2023 / Accepted: 25 October 2023 / Published: 5 November 2023
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
