Economic and technical analysis of an HRES (Hybrid Renewable Energy System) comprising wind, PV, and fuel cells using an improved subtraction-average-based optimizer

Abstract

HRES (Hybrid Renewable Energy Systems) has been designed because of the increasing demand for environmentally friendly and sustainable energy. In this study, an Improved Subtraction-Average-Based Optimizer (ISABO) is presented for optimizing the HRES system by wind power, fuel cells, and solar energy. The suggested approach, by introducing adaptive mechanisms and enhancing processes, improves the performance of the traditional subtraction-average-based optimization. Optimization aims to provide reliable and efficient energy while lowering system expenses. The efficacy of ISABO is evaluated for this goal and compared with other optimization techniques. According to the findings, The ISABO algorithm, when equipped with adaptive mechanisms, surpasses conventional optimization techniques by achieving a 12 % decrease in Net Present Cost (NPC) and Levelized Cost of Electricity (LCOE) along with a 45 % cost reduction in electrolyzers. Through simulations, it has been shown that the ISABO algorithm ensures the lowest average NPC at $1,357,018.15 while also upholding system reliability with just a 0.8 % decline in Load Point Supply Probability (LPSP) in the event of a PV unit failure. This research validates that hybrid PV/wind/fuel cell systems present superior cost-effectiveness and reliability, thereby opening doors for more economical renewable energy solutions. The study reveals hybrid PV/wind/fuel cell systems are more cost-effective than purely wind, PV, or fuel cell systems. This advancement in HRES design and optimization techniques will enable more cost-effective renewable energy options.

Keywords

• Sustainable energy
• Hybrid renewable energy systems (HRES)
• Improved subtraction-average-based optimizer (ISABO)
• HOMER
• PV