Efficient hybrid renewable energy system for industrial sector with on-grid time management

Hybrid renewable energy systems shows a great potential for electricity generation in Bangladesh. Hybrid renewable energy system can be set up such a way that the electricity will add to national grid connection and it will eventually reduce the pressure of electricity demand from national grid. Abundance of renewable energy sources in the form of solar energy provides opportunities of renewable energy based hybrid energy system in the industrial areas of Bangladesh. This work is an in-depth scenario and analysis of the renewable hybrid energy system in Tongi industrial areas of Bangladesh. This study is also includes co-production of diesel generator, solar PV and grid system. Optimization of hybrid renewable energy systems looks into the process of selecting the best components and its sizing with appropriate operation strategy to provide cheap, efficient, reliable and cost effective alternative energy. This paper analyzes all the conditions and constraints of the renewable energy integrated grid connection system with compensation and proposes an optimal combination of energy components for compensating regular grid failure in industrial area with minimizing the pressure of electricity demand from national grid and minimizing the life cycle cost. The final optimization result from HOMER shows that the cost of energy (COE) for 0 hour, 1 hour, 2 hour, 3 hour, 4 hour, 5 hour, 6 hour, 7 hour, 8 hour and 9 hour compensation is respectively $0.092, $0.098, $0.106, $0.113, $0.123, $0.133, $0.144, $0.152, $0.159 and $0.163.