Optimization of Integrated Renewable Energy System - Micro Grid (IRES-MG)

Abstract

Ever growing demands of increasing world population has challenged the scientific and technical communities to supply quality energy in a sustainable manner. Dependence on fossil fuels has resulted in the depletion of the reserves and has a significant impact on global environment. The need to live a sustainable life has led to the use of renewable energy sources. This study is focused on the concept of IRES, which utilizes the locally available renewable energy sources to supply various forms of energy in an economical way to energize rural area. Using the IRES in conjunction with the micro grid concept, it is possible to create a self-sufficient sustainable rural community in cost effective and efficient way, without the need of central grid. Implementation of Integrated Renewable Energy System - Micro Grid (IRES-MG) in a rural area is proposed. The system is studied with cost optimization and then efficiency optimization to evaluate the suitability of the proposed system.