A comparative study between different storage systems for feeding an isolated area

Abstract

The research focuses on the need for renewable energy to meet global energy consumption. The study evaluates the performance of different energy storage systems in various architectural environments, focusing on operational efficiency and economic feasibility. The research used HOMER PRO software to perform technical and financial feasibility analysis of various energy storage systems, analyzing net present cost, startup costs, and operating expenses. The results showed significant differences in the cost and performance of different configurations, with configuration No. 01 and 05 having higher costs due to higher net present cost and start-up capital. The study concluded that configuration No. 02 and 04 were more commercially viable due to their less expensive hulls. The most economically feasible configuration was Option 04, supported bythe use of HOMER PRO. The study emphasizes the importance of contemporary storage systemsin maintaining a stable and reliable energy supply, especially given the dispersed nature of renewable energy sources. The study aims to facilitate future research on energy storage technologies, addressing ongoing issues and leveraging technical advances. Efficient and renewable storage solutions are essential for transitioning to renewable energy sources, like solar and wind.