Publication detail
Strategic integration of residential electricity: An optimisation model for solar energy utilisation and carbon reduction
Pan, T (Pan, Ting) Oclon, P (Oclon, Pawel) He, LH (He, Linhuan) Van Fan, Y (Van Fan, Yee) Zhang, SH (Zhang, Shuhao) [5] Wang, BH (Wang, Bohong) Nowak-Oclon, M (Nowak-Oclon, Marzena) Tóth, A (Toth, Arpad) Varbanov, PS (Varbanov, Petar Sabev
English title
Strategic integration of residential electricity: An optimisation model for solar energy utilisation and carbon reduction
Type
journal article in Web of Science
Language
en
Original abstract
The Solar Combined Cooling, Heating, and Power (S-CCHP) system, distinct from traditional centralised generation, provides clean energy solutions by installing user-side renewable energy capture facilities like solar panels to address the energy crisis and mitigate global warming. Previous research on the design of S-CCHP for buildings has often emphasised self-sufficiency, with less focus on the role of these systems as energy suppliers on the market. However, it is feasible to install scaled-up solar facilities that generate enough power to export to the grid, reducing grid pressure and enhancing the renewable energy mix. This study analyses the optimal design deployment for electricity within the S-CCHP system, based on the Renewable Energy System for Residential Building Heating and Electricity Production (RESHeat) system installed in Limanowa. It aims to optimise owner energy deployment by strategically integrating electricity generation, hybrid storage, and the electricity market to maximise owner benefits. A Life Cycle Assessment is also conducted to explore greenhouse gas emissions across scenarios with different storage facilities and reuse rates. Results show that the optimal deployment of 264 PV panels, each with a rated power of 440 W, generates 105 MWh annually, resulting in the surplus of 90.18 MWh with a selling price of 115 EUR/MWh. Vanadium redox flow batteries offer the highest revenue (4922.01 EUR) with the lowest storage costs, while lithium-ion batteries have the lowest carbon emissions (1.22 t CO2 2 eq/ y). Sensitivity analysis and revenue break-even analysis are further conducted to assess the robustness and financial viability.
English abstract
The Solar Combined Cooling, Heating, and Power (S-CCHP) system, distinct from traditional centralised generation, provides clean energy solutions by installing user-side renewable energy capture facilities like solar panels to address the energy crisis and mitigate global warming. Previous research on the design of S-CCHP for buildings has often emphasised self-sufficiency, with less focus on the role of these systems as energy suppliers on the market. However, it is feasible to install scaled-up solar facilities that generate enough power to export to the grid, reducing grid pressure and enhancing the renewable energy mix. This study analyses the optimal design deployment for electricity within the S-CCHP system, based on the Renewable Energy System for Residential Building Heating and Electricity Production (RESHeat) system installed in Limanowa. It aims to optimise owner energy deployment by strategically integrating electricity generation, hybrid storage, and the electricity market to maximise owner benefits. A Life Cycle Assessment is also conducted to explore greenhouse gas emissions across scenarios with different storage facilities and reuse rates. Results show that the optimal deployment of 264 PV panels, each with a rated power of 440 W, generates 105 MWh annually, resulting in the surplus of 90.18 MWh with a selling price of 115 EUR/MWh. Vanadium redox flow batteries offer the highest revenue (4922.01 EUR) with the lowest storage costs, while lithium-ion batteries have the lowest carbon emissions (1.22 t CO2 2 eq/ y). Sensitivity analysis and revenue break-even analysis are further conducted to assess the robustness and financial viability.
Keywords in English
Optimisation; LCA; Hybrid storage; Battery; PV panel
Released
30.11.2024
Publisher
PERGAMON-ELSEVIER SCIENCE LTD
Location
OXFORD
ISSN
0360-5442
Volume
310
Number
310
Pages from–to
133227–133227
Pages count
12
BIBTEX
@article{BUT196916,
author="Ting {Pan} and Petar Sabev {Varbanov},
title="Strategic integration of residential electricity: An optimisation model for solar energy utilisation and carbon reduction",
year="2024",
volume="310",
number="310",
month="November",
pages="133227--133227",
publisher="PERGAMON-ELSEVIER SCIENCE LTD",
address="OXFORD",
issn="0360-5442"
}