Cost Analysis of Renewable Energy-Based Microgrids for Rural Energy Management

Abstract

Energy Infrastructure is an intense socio-technical system involving several stakeholders with varied and diversified priorities. Microgrids are gaining importance amongst researchers and practitioners alike. Primarily these microgrids will operate connected with the national power grid, at the same time they have the potential to completely isolate themselves from the power grid and function as a stand alone grid to increase efficiency and local reliability. This paper explores the cost-effectiveness of using renewable energy based microgrids for power generation in rural settings. The study involves analyzing feasibility of wind, photovoltaic, and biomass as renewable sources for generating power in Missouri, Ohio, and Nebraska farms and provides decision strategies for achieving sustainable energy management solutions.

Meeting Name

2011 Industrial Engineering Research Conference (2011: Dec. 6-9, Singapore)

Department(s)

Geosciences and Geological and Petroleum Engineering

Document Type

Article - Conference proceedings

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2011 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.

Publication Date

01 Dec 2011

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