Optimal Sizing, Techno-Economic Feasibility and Reliability Analysis of Hybrid Renewable Energy System: A Systematic Review of Energy Storage Systems’ Integration

One of the most significant ways to improve energy reliability and lessen reliance on fossil fuels is to combine renewable energy sources with energy storage systems. Using wind, solar, and battery storage as case studies, the article examines hybrid renewable energy system (HRES) size, optimization, techno-economic potential, and reliability in extensive detail. In order to minimize expenses and emissions while satisfying energy demands, the sizing process consists of evaluating the appropriate capacity of each component. In order to tackle the growing demand with a low carbon footprint, this study investigates the prospect of leveraging hybrid renewable energy (HRE) storage. System demands, budget, and performance indicators are some of the most critical considerations when selecting an energy storage system (ESS) for a renewable energy system. Whether or not the storage option is appropriate for HRE systems depends on the setup requirements. The selection of an ESS technology necessitates taking into account aspects like energy and power requirements, efficiency, cost-effectiveness, versatility, and reliability. The investigation also considers factors such as electricity long-term viability, dependability, technical and financial feasibility, and ecological sustainability when evaluating hybrid renewable energy power-producing technologies. Improving dependability and smoothing down power output are two major benefits of ESS integration. The findings show that integrating HRES with ESS can lead to more sustainable energy systems, providing a long-term, reliable, and cost-effective solution. Findings emphasize the need for further study of optimization methods, meta-heuristic algorithm strategies, system components, design constraints, and desired techniques.