Policy effects on microgrid economics, technology selection, and environmental impact

Michael Zachar; Milana Trifkovic; Prodromos Daoutidis

doi:10.1016/j.compchemeng.2015.03.012

Policy effects on microgrid economics, technology selection, and environmental impact

Michael Zachar, Milana Trifkovic, Prodromos Daoutidis

Chemical Engineering and Materials Science

Research output: Contribution to journal › Article › peer-review

39 Scopus citations

Abstract

This paper deals with the impact of policy decisions on optimal microgrid design. A generic system is considered consisting of solar photovoltaics, wind turbine, microturbines, electric boiler, gas-fired boiler, and a battery bank. The microgrid is grid-connected and designed to supply both heat and power. An optimal design is found to minimize the cost of energy supply over a 20 year lifespan. The optimal design is analyzed under a variety of policy scenarios such as emission taxation, emission reduction, and minimum system autonomy.

Original language	English (US)
Pages (from-to)	364-375
Number of pages	12
Journal	Computers and Chemical Engineering
Volume	81
DOIs	https://doi.org/10.1016/j.compchemeng.2015.03.012
State	Published - Nov 2 2014

Bibliographical note

Funding Information:
This material is based upon work supported by the National Science Foundation Graduate Research Fellowship Program under Grant No. 00039202 . Partial financial support from the University of Minnesotas Initiative for Renewable Energy and the Environment (IREE) project RL-0010-13 is also acknowledged.

Publisher Copyright:
© 2015 Elsevier Ltd.

Copyright:
Copyright 2016 Elsevier B.V., All rights reserved.

Keywords

Microgrid
Optimization
Public policy
Renewable power

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.compchemeng.2015.03.012

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N2 - This paper deals with the impact of policy decisions on optimal microgrid design. A generic system is considered consisting of solar photovoltaics, wind turbine, microturbines, electric boiler, gas-fired boiler, and a battery bank. The microgrid is grid-connected and designed to supply both heat and power. An optimal design is found to minimize the cost of energy supply over a 20 year lifespan. The optimal design is analyzed under a variety of policy scenarios such as emission taxation, emission reduction, and minimum system autonomy.

AB - This paper deals with the impact of policy decisions on optimal microgrid design. A generic system is considered consisting of solar photovoltaics, wind turbine, microturbines, electric boiler, gas-fired boiler, and a battery bank. The microgrid is grid-connected and designed to supply both heat and power. An optimal design is found to minimize the cost of energy supply over a 20 year lifespan. The optimal design is analyzed under a variety of policy scenarios such as emission taxation, emission reduction, and minimum system autonomy.

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KW - Optimization

KW - Public policy

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Policy effects on microgrid economics, technology selection, and environmental impact

Abstract

Bibliographical note

Keywords

UN SDGs

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