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Received June 10, 2018
Accepted October 15, 2018
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This is an Open-Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/bync/3.0) which permits
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Design of a renewable energy system with battery and power-to-methanol unit
1School of Chemical Engineering, Yeungnam University, Gyeongsan 38541, Korea 2Department of Thermal Systems, Korea Institute of Machinery & Materials, Daejeon 34103, Korea 3Plant Systems and Machinery, University of Science and Technology, Daejeon 34113, Korea 4Sherpa Space Inc., Daejeon 34051, Korea
Korean Journal of Chemical Engineering, January 2019, 36(1), 12-20(9), 10.1007/s11814-018-0172-z
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Abstract
An energy storage system consisting of a battery and a power-to-methanol (PtM) unit was investigated to develop an energy storage system for renewable energy systems. A nonlinear programming model was established to optimize the energy storage system. The optimal installation capacities of the battery and power-to-methanol units were determined to minimize the cost of the energy system. The cost from a renewable energy system was assessed for four configurations, with or without energy storage units, of the battery and the power-to-methanol unit. The proposed model was applied to the modified electricity supply and demand based on published data. The results show that value-adding units, such as PtM, need be included to build a stable renewable energy system. This work will significantly contribute to the advancement of electricity supply and demand management and to the establishment of a nationwide policy for renewable energy storage.
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