Design of a grid-connected campus microgrid considering energy efficiency and financial feasibility
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Paper number
0143
Working Group Number
Conference name
CIRED 2018 Ljubljana Workshop
Conference date
7 - 8 June 2018
Conference location
Ljubljana, Slovenia
Peer-reviewed
Yes
Short title
Convener
Authors
Vu, Ba Hau, Kookmin University, The Republic Of Korea
Husein, Munir Aminu, Kookmin University, The Republic Of Korea
Chung, Il-Yop, Kookmin University, The Republic Of Korea
Cho, Jintae, Korea Electric Power Corporation , The Republic Of Korea
Husein, Munir Aminu, Kookmin University, The Republic Of Korea
Chung, Il-Yop, Kookmin University, The Republic Of Korea
Cho, Jintae, Korea Electric Power Corporation , The Republic Of Korea
Abstract
Microgrids have been recognized as one of the most efficient energy solutions to power critical assets such as universities, hospitals, and industrial sectors. This paper presents the design of a grid-connected campus microgrid based on financial analysis. The design takes into account economic effects of energy efficiency control and evaluates microgrid financial feasibility based on economic measures including lifecycle cost, net present value, and simple payback period. In this research, financial analysis for the microgrid is conducted in Microgrid Decision Support Tool.
Table of content
Keywords
Publisher
AIM
Date
2018-06-07
Permanent link to this record
https://www.cired-repository.org/handle/20.500.12455/1215
http://dx.doi.org/10.34890/344
http://dx.doi.org/10.34890/344
ISSN
2032-9628
ISBN
978-2-9602415-1-8