TITLE:
Cost Optimization of Hybrid Solar, Micro-Hydro and Hydrogen Fuel Cell Using Homer Software
AUTHORS:
Nader Barsoum, Pearl Dianne Petrus
KEYWORDS:
Cost, Optimization, LCOE, HOMER
JOURNAL NAME:
Energy and Power Engineering,
Vol.7 No.8,
August
7,
2015
ABSTRACT: The main purpose of this paper is to present the analysis of cost optimization of Hybrid Renewable
Energy System in remote area where grid connection is impossible. The analysis of hybrid system
is modeled using HOMER software. Homer software is utilized as an assessment with modeling
tools that simplifies the task of evaluating designs option for both off-grid and on-grid-connected
system that allows load data and parameters to be inputted. In this paper, HOMER is used to find
the most cost effective configuration among set of different simulated system to achieve the objective
of least possible Levelized Cost of Energy (LCOE) for a given system under a propose load of 75
kW.