Uncertainty analysis for industries investing in energy equipment and renewable energy sources

Authors

  • E. M. Urbano Author
  • A.D. Gonzalez-Abreu Author
  • K. Kampouropoulos Author
  • L. Romeral Author

DOI:

https://doi.org/10.24084/repqj19.234

Keywords:

Industry, Uncertainty Analysis, Renewable Energy, Prosumer, Net Present Value

Abstract

This paper studies the optimal design and operation of new energy equipment including renewable energy sources for prosumer industries. In order to augment the interest of industries in performing energy actions, the economic parameters of the investment are analysed and the risk related to it considering the uncertainty in energy markets is evaluated. A two-stage optimization approach is proposed considering the whole lifetime of the energy equipment and an uncertainty analysis performed through the evaluation of the deterministic model under Latin Hypercube Samples of uncertain parameters. A case study based on a real industry is presented, whose results expose the robustness of the optimization methodology and the acceptable risk of investing in renewable energy sources and energy equipment for prosumer purposes

Author Biographies

  • E. M. Urbano

    MCIA Research Center, Department of Electronic Engineering Universitat

    Politècnica de Catalunya, Terrassa. Spain

  • A.D. Gonzalez-Abreu

    HSPdigital CA-Mecatronica Engineering Faculty Autonomous University o

    Queretaro. Mexico

  • K. Kampouropoulos

    MCIA Research Center, Department of Electronic Engineering Universitat

    Politècnica de Catalunya, Terrassa. Spain

  • L. Romeral

    MCIA Research Center, Department of Electronic Engineering Universitat

    Politècnica de Catalunya, Terrassa. Spain

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Published

2023-12-28

Issue

Section

Articles