• Title/Summary/Keyword: renewable electricity

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Economic Assessment of Solar Thermal Power System (태양열 발전시스템 경제성 분석)

  • Kim, Jin-Soo;Kang, Yong-Heack;Kim, Jong-Kyu
    • 한국태양에너지학회:학술대회논문집
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    • 2008.11a
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    • pp.25-29
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    • 2008
  • Economic assessment of solar thermal power generation systems was carried out by calculating the levelized electricity cost. Four different commercial (or near commercial) solar thermal power systems (parabolic trough system, power tower system with saturated steam, power tower system with molten salts, and dish-stilting system) were considered for assessment. The assessment also included sensitivity analysis covering the effects of system capacity, direct normal insolation, and the system efficiency.

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A Study on the Temperature Distribution Characteristics of NAS Battery Module (NAS 전지 모듈의 온도 분포 특성에 관한 연구)

  • Heo, Doo-Sang;Yi, Chung-Seob;Jeong, Hyo-Min;Chung, Han-Shik
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.11 no.4
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    • pp.1-6
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    • 2012
  • This paper addresses the issue of Renewable Energy for Electricity Storage device is one of the NAS (Sodium-Sulfur) battery will be about the module. For safety reasons, not the actual battery cells using a dummy cell in the module's operating temperature setting to examine the characteristics of the insulation vacuum of the wall temperature and external temperature changes measured over time. Upper and lower boundaries of the wall vacuum insulation characteristics cotton C intervals over time, average $5^{\circ}C$, but the temperature is rising, 4C section with little temperature change did not occur. On the other hand, about $3^{\circ}C$ in section 4D, and it was confirmed that the temperature rises. Wall vacuum insulation characteristics over time to look at the experiments and measurements are described.

Real Option Valuation of a Wind Power Project Based on the Volatilities of Electricity Generation, Tariff and Long Term Interest Rate (발전량, 가격, 장기금리 변동성을 기초로 한 풍력발전사업의 실물옵션 가치평가)

  • Kim, Youngkyung;Chang, Byungman
    • New & Renewable Energy
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    • v.10 no.1
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    • pp.41-49
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    • 2014
  • For a proper valuation of wind power project, it is necessary to consider volatilities of key parameters such as annual energy production, electricity sales price, and long term interest rate. Real option methodology allows to calculate option values of these parameters. Volatilities to be considered in wind project valuation are 1) annual energy production (AEP) estimation due to meteorological variation and estimation errors in wind speed distribution, 2) changes in system marginal price (SMP), and 3) interest rate fluctuation of project financing which provides refinancing option to be exercised during a loan tenor for commercial scale projects. Real option valuation turns out to be more than half of the sales value based on a case study for a FIT scheme wind project that was sold to a financial investor.

IMPLEMENTATION OF LARGE SCALE SOLAR (LSS) POLICY IN MALAYSIA

  • Azziz, Mohamad Hamzi Abdul;Kim, Kyung Nam
    • Bulletin of the Korea Photovoltaic Society
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    • v.3 no.3
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    • pp.45-55
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    • 2017
  • Large Scale Solar (LSS) is one of the initiatives announced by the Government of Malaysia in order to increase the share of renewable energy in electricity generation. It is widely known that the energy sector is the major contributor to the Greenhouse Gas (GHG) emissions (or carbon emissions) for many countries including Malaysia. It was recorded that the energy has contributed as much as 218.9 MtCO2eq in 2011, an increase of 31% since 2000. Therefore, this article will discuss the current situation of electricity generation by renewable energy in Malaysia, the expected outcomes of LSS implementation, and showcase the LSS project by Tadau Energy Sdn. Bhd. in Kudat.

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Challenges in Green Innovation Policy after the Fukushima Nuclear Accident

  • Wada, Tomoaki
    • STI Policy Review
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    • v.4 no.1
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    • pp.135-161
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    • 2013
  • This paper examines Japan's Science and Technology (S&T) Basic Plans in accordance with its S&T Basic Law. The Basic Plans promote two major innovation (Green Innovation and Life Innovation) towards the creation of new markets and jobs, specifically under the Fourth S&T Basic Plan enacted on August 2011. Successful smart community demonstration projects at four urban localities were launched under plans to promote Green Innovation research and development of renewable energy technologies. However, the expectation that renewable energy such as solar or wind power can replace nuclear power is not backed by sufficient evidence. Furthermore, the electricity produced by these sources is expensive and unstable owing to its reliance on weather conditions. The Fukushima nuclear power plant accident on March 2011 has also seriously affected Japan's future energy plans. According to a government estimate, electricity charges would double if nuclear power generation were abandoned, imposing a heavy burden on the Japanese economy. Japan is in need of energy policies designed on the basis of more far-sighted initiatives.

Home Energy Management System for Residential Customer: Present Status and Limitation

  • Lee, Sunguk;Park, Byungjoo
    • International Journal of Advanced Culture Technology
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    • v.6 no.4
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    • pp.284-291
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    • 2018
  • As environmental pollution has become worse green technologies to replace or reduce consumption of fossil fuel get spotlight from government, industry and academia globally. It is reported that 40% of carbon dioxide emission is caused by electricity power generation. And 37% of end user electricity power is used by residential costumer in US. Smart Grid is considered as one of promising technology to alleviate severe environmental problem. In residential environment, Home Energy Management System (HEMS) can play a key role for green smart home. The HEMS can give several benefits like aslowering electric utility bill, improvement of efficiency of electric power consumption and integration of generator using renewable energy resources. However just limited functions of HEMS can be used for residential customer in real life because of lack of smart function in home appliances and optimal managing software for HEMS. This study provides comprehensive analysis for Home Energy Management System for residential customer. Simple HEMS system with real products on the market are explained and limitation of current HEMS are also discussed.

Economic Evaluation of Liquid Air Energy Storage (LAES) System (액화 공기 에너지 저장 기술(LAES)의 경제성 분석)

  • Ko, Areum;Park, Sung-Ho;Ryu, Ju-Yeol;Park, Jong-Po
    • New & Renewable Energy
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    • v.16 no.1
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    • pp.1-14
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    • 2020
  • Liquid air energy storage (LAES) using gas liquefaction has attracted considerable attention because of its mature technology, high energy density, few geographical constraints, and long life span. On the other hand, LAES has not yet been commercialized and is being developed recently. Therefore, few studies have performed an economic analysis of LAES. In this study, the levelized cost of electricity was calculated and compared with that of other energy storage systems. As a result, the levelized cost of electricity of LAES was $371/MWh. This is approximately $292/MWh, $159/MWh, $118/MWh, and $3/MWh less than that of the LiCd battery, VRFB battery, Lead-acid battery, and NaS battery. In addition, the cost was approximately $62/MWh and $195/MWh more than that of Fe-Cr flow battery and PHS. Sensitivity analysis of the levelized cost of electricity according to the main economic factors was performed, and economic uncertainty analysis was performed through a Monte-Carlo simulation. The cumulative probability curve showed the levelized cost of electricity of LAES, reflecting price fluctuations in the air compressor cost, electricity cost, and standing reserve hourly fee.

A Study of Load Matching on the Net-Zero Energy House (넷 제로에너지주택의 부하매칭에 관한 연구)

  • Kim, Beob-Jeon;Lim, Hee-Won;Kim, Deok-Sung;Shin, U-Cheul
    • Journal of the Korean Solar Energy Society
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    • v.38 no.4
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    • pp.55-66
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    • 2018
  • nZEH (net-Zero Energy House) is defined as a self-sufficient energy building where the sum of energy output generated from new & renewable energy system and annual energy consumption is zero. The electricity generated by new & renewable energy system with the form of distributed generation is preferentially supplied to electrical demand, and surplus electricity is transmitted back to grid. Due to the recent expansion of houses with photovoltaic system and the nZEH mandatory by 2025, the rapid increase of distributed generation is expected. Which means, we must prepare for an electricity-power accident and stable electricity supply. Also electricity charges have to be reduce and the grid-connected should be operated efficiently. The introduction of ESS is suggested as a solution, so the analysis of the load matching and grid interaction is required to optimize ESS design. This study analyzed the load matching and grid interaction by expected consumption behavior using actual data measured in one-minute intervals. The experiment was conducted in three nZEH with photovoltaic system, called all-electric houses. LCF (Load Cover Factor), SCF (Supply Cover Factor) and $f_{grid}$ (Grid Interaction Index) were evaluated as an analysis indicator. As a result, LCF, SCF and $f_{grid}$ of A house were 0.25, 0.23 and 0.27 respectively; That of B house were 0.23, 0.23, 0.19, and that of C were 0.20, 0.19, 0.27 respectively.

The Development of an Aggregate Power Resource Configuration Model Based on the Renewable Energy Generation Forecasting System (재생에너지 발전량 예측제도 기반 집합전력자원 구성모델 개발)

  • Eunkyung Kang;Ha-Ryeom Jang;Seonuk Yang;Sung-Byung Yang
    • Journal of Intelligence and Information Systems
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    • v.29 no.4
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    • pp.229-256
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    • 2023
  • The increase in telecommuting and household electricity demand due to the pandemic has led to significant changes in electricity demand patterns. This has led to difficulties in identifying KEPCO's PPA (power purchase agreements) and residential solar power generation and has added to the challenges of electricity demand forecasting and grid operation for power exchanges. Unlike other energy resources, electricity is difficult to store, so it is essential to maintain a balance between energy production and consumption. A shortage or overproduction of electricity can cause significant instability in the energy system, so it is necessary to manage the supply and demand of electricity effectively. Especially in the Fourth Industrial Revolution, the importance of data has increased, and problems such as large-scale fires and power outages can have a severe impact. Therefore, in the field of electricity, it is crucial to accurately predict the amount of power generation, such as renewable energy, along with the exact demand for electricity, for proper power generation management, which helps to reduce unnecessary power production and efficiently utilize energy resources. In this study, we reviewed the renewable energy generation forecasting system, its objectives, and practical applications to construct optimal aggregated power resources using data from 169 power plants provided by the Ministry of Trade, Industry, and Energy, developed an aggregation algorithm considering the settlement of the forecasting system, and applied it to the analytical logic to synthesize and interpret the results. This study developed an optimal aggregation algorithm and derived an aggregation configuration (Result_Number 546) that reached 80.66% of the maximum settlement amount and identified plants that increase the settlement amount (B1783, B1729, N6002, S5044, B1782, N6006) and plants that decrease the settlement amount (S5034, S5023, S5031) when aggregating plants. This study is significant as the first study to develop an optimal aggregation algorithm using aggregated power resources as a research unit, and we expect that the results of this study can be used to improve the stability of the power system and efficiently utilize energy resources.

Analysis of Small Hydropower Resource Characteristics for Nakdong River System (낙동강수계의 소수력자원 특성 분석)

  • Park, Wan-Soon;Lee, Chul-Hyung
    • Journal of the Korean Solar Energy Society
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    • v.32 no.6
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    • pp.68-75
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    • 2012
  • Small hydropower is one of the many types of new and renewable energy, which is planning to develop, as the country is abundant in endowed resources. In order to fully utilize small hydropower resources, there is a need for greater precision in quantifying small hydropower resources and establish an environment in which energy sources can be discovered using the small hydropower resource management system. This study has given greater precision to calculate annual electricity generation and capacity of small hydropower plants of Nakdong river system by inquiring into average annual rainfall, basin area and runoff coefficient, which is anticipated to promote small hydropower resources utilization. Small hydropower resource management system was also established by additionally providing base information on quantified small hydropower resources and analysis function and small hydropower generator status, rivers, basin, rainfall gauging station, water level gauging station etc.. Small hydropower resource management system can be used gather basic information for positive applications of small hydropower energy nationwide.