Techno-Economic Analysis and Optimization of Renewable Energy Conversion Technologies with Battery and Hydrogen Energy Storage for Patani Island

Abstract

The global shift toward renewable-based energy generation has driven the development and application of various optimization models and software to assess the technical, environmental, and economic viability of different hybrid configurations. The present research investigated Techno-Economic analysis and optimization of integrated renewable energy conversion technologies which leverage sunlight, wind, and biomass, in conjunction with dual energy storage systems specifically for Remote Island, located at coordinates 5°13'43" N and 6°11'29" E. This design unifies a battery storage alternative along with a hydrogen energy storage mechanism. The primary objective of the study was to address the energy requirements, minimizing the Total life cycle cost LCCT and the LCOE of the energy system in remote island at Delta State, Nigeria. A methodology was adopted to optimize the integral renewable energy system with the aim of minimizing the LCCT and the LCOE. The optimal outcomes reveal that the total energy generated by the system is 49952.84MW/year while the energy demand is 49812.23MW/year. The levelized cost of energy (LCOE) was computed to be $0.255/kWh while the total life cycle cost LCCT is $1099.42million with the loss of load probability 0.12. This study highlights that the integrated renewable energy conversion technologies with battery and hydrogen energy storage system can be effective approach to electrification in Remote Island.