TY - JOUR
T1 - Design of a renewable energy system with battery and power-to-methanol unit
AU - Andika, Riezqa
AU - Kim, Young
AU - Yun, Choa Mun
AU - Yoon, Seok Ho
AU - Lee, Moonyong
N1 - Funding Information:
This work was supported by the Basic Science Research Program through the National Research Foundation of Korea (NRF) funded by the Ministry of Education (2018R1A2B6001566), Pri- ority Research Centers Program through the NRF funded by the Ministry of Education (2014R1A6A1031189), and the Engineering Development Research Center (EDRC) funded by the Ministry of Trade, Industry & Energy (MOTIE). (No. N0000990). This work was also supported by the research program (NK212D) of Korea Institute of Machinery and Materials funded by the National Research Council of Science and Technology.
Publisher Copyright:
© 2019, Korean Institute of Chemical Engineers, Seoul, Korea.
PY - 2019/1/1
Y1 - 2019/1/1
N2 - An energy storage system consisting of a battery and a power-to-methanol (PtM) unit was investigated to develop an energy storage system for renewable energy systems. A nonlinear programming model was established to optimize the energy storage system. The optimal installation capacities of the battery and power-to-methanol units were determined to minimize the cost of the energy system. The cost from a renewable energy system was assessed for four configurations, with or without energy storage units, of the battery and the power-to-methanol unit. The proposed model was applied to the modified electricity supply and demand based on published data. The results show that value-adding units, such as PtM, need be included to build a stable renewable energy system. This work will significantly contribute to the advancement of electricity supply and demand management and to the establishment of a nationwide policy for renewable energy storage.
AB - An energy storage system consisting of a battery and a power-to-methanol (PtM) unit was investigated to develop an energy storage system for renewable energy systems. A nonlinear programming model was established to optimize the energy storage system. The optimal installation capacities of the battery and power-to-methanol units were determined to minimize the cost of the energy system. The cost from a renewable energy system was assessed for four configurations, with or without energy storage units, of the battery and the power-to-methanol unit. The proposed model was applied to the modified electricity supply and demand based on published data. The results show that value-adding units, such as PtM, need be included to build a stable renewable energy system. This work will significantly contribute to the advancement of electricity supply and demand management and to the establishment of a nationwide policy for renewable energy storage.
KW - Battery Energy Storage
KW - Electricity Supply and Demand
KW - Nonlinear Programming
KW - Power to Methanol
KW - Renewable Energy
UR - http://www.scopus.com/inward/record.url?scp=85057099563&partnerID=8YFLogxK
U2 - 10.1007/s11814-018-0172-z
DO - 10.1007/s11814-018-0172-z
M3 - Article
AN - SCOPUS:85057099563
SN - 0256-1115
VL - 36
SP - 12
EP - 20
JO - Korean Journal of Chemical Engineering
JF - Korean Journal of Chemical Engineering
IS - 1
ER -
