A PLANNING TOOL TO DESIGN AND VALUATE MICROGRIDS

Suma Jothibasu; Miles Evans; Ramakrishnan Ravikumar; Halley Nathwani; Arindam Maitra; Andres Cortes; Giovanni Damato; Mike Gravely

doi:10.1049/icp.2021.1901

A PLANNING TOOL TO DESIGN AND VALUATE MICROGRIDS

Suma Jothibasu^*
, Miles Evans
, Ramakrishnan Ravikumar
, Halley Nathwani
, Arindam Maitra
, Andres Cortes
, Giovanni Damato
, Mike Gravely

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Microgrids are one of the approaches to increase customer resiliency and reliability to grid outages. Traditionally, Microgrids are deployed with diesel powered generators but there is increasing interests in replacing the fossil fuelled generators with renewables based Distributed Energy Resources (DER). Besides providing resiliency benefit, the DERs can generate additional revenue from participating in market services or by reducing the utility bill. In order to estimate the net cost of deploying a microgrid, it is essential to account all cost components including capital cost, operation, maintenance and replacement costs, if any, and economic benefits that the microgrid can generate from various value streams. This paper presents an open-source software tool called Distributed Energy Resource Value Estimation Tool (DER-VET) that can optimally size DERs for a given location and estimate the net life cycle cost of the microgrid over a given analysis horizon. The tool's architecture, capabilities and features are also outlined in this paper.

Original language	English
Title of host publication	IET Conference Proceedings
Publisher	Institution of Engineering and Technology
Pages	2329-2333
Number of pages	5
Volume	2021
Edition	6
ISBN (Electronic)	9781839535918
DOIs	https://doi.org/10.1049/icp.2021.1901
Publication status	Published - 2021
Externally published	Yes
Event	26th International Conference and Exhibition on Electricity Distribution, CIRED 2021 - Virtual, Online Duration: 20 Sept 2021 → 23 Sept 2021

Conference

Conference	26th International Conference and Exhibition on Electricity Distribution, CIRED 2021
City	Virtual, Online
Period	20/09/21 → 23/09/21

Keywords

COST BENEFIT ANALYSIS (CBA)
DISTRIBUTED ENERGY RESOURCES (DER)
MICROGRID
RESILIENCE
STACKED BENEFIT ANALYSIS

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Cite this

@inproceedings{d9753c7674274b3294d6a997c7e8b4e0,

title = "A PLANNING TOOL TO DESIGN AND VALUATE MICROGRIDS",

abstract = "Microgrids are one of the approaches to increase customer resiliency and reliability to grid outages. Traditionally, Microgrids are deployed with diesel powered generators but there is increasing interests in replacing the fossil fuelled generators with renewables based Distributed Energy Resources (DER). Besides providing resiliency benefit, the DERs can generate additional revenue from participating in market services or by reducing the utility bill. In order to estimate the net cost of deploying a microgrid, it is essential to account all cost components including capital cost, operation, maintenance and replacement costs, if any, and economic benefits that the microgrid can generate from various value streams. This paper presents an open-source software tool called Distributed Energy Resource Value Estimation Tool (DER-VET) that can optimally size DERs for a given location and estimate the net life cycle cost of the microgrid over a given analysis horizon. The tool's architecture, capabilities and features are also outlined in this paper.",

keywords = "COST BENEFIT ANALYSIS (CBA), DISTRIBUTED ENERGY RESOURCES (DER), MICROGRID, RESILIENCE, STACKED BENEFIT ANALYSIS",

author = "Suma Jothibasu and Miles Evans and Ramakrishnan Ravikumar and Halley Nathwani and Arindam Maitra and Andres Cortes and Giovanni Damato and Mike Gravely",

note = "Publisher Copyright: {\textcopyright} 2021 The Institution of Engineering and Technology.; 26th International Conference and Exhibition on Electricity Distribution, CIRED 2021 ; Conference date: 20-09-2021 Through 23-09-2021",

year = "2021",

doi = "10.1049/icp.2021.1901",

language = "English",

volume = "2021",

pages = "2329--2333",

booktitle = "IET Conference Proceedings",

publisher = "Institution of Engineering and Technology",

address = "United Kingdom",

edition = "6",

}

Jothibasu, S, Evans, M, Ravikumar, R, Nathwani, H, Maitra, A, Cortes, A, Damato, G & Gravely, M 2021, A PLANNING TOOL TO DESIGN AND VALUATE MICROGRIDS. in IET Conference Proceedings. 6 edn, vol. 2021, Institution of Engineering and Technology, pp. 2329-2333, 26th International Conference and Exhibition on Electricity Distribution, CIRED 2021, Virtual, Online, 20/09/21. https://doi.org/10.1049/icp.2021.1901

TY - GEN

T1 - A PLANNING TOOL TO DESIGN AND VALUATE MICROGRIDS

AU - Jothibasu, Suma

AU - Evans, Miles

AU - Ravikumar, Ramakrishnan

AU - Nathwani, Halley

AU - Maitra, Arindam

AU - Cortes, Andres

AU - Damato, Giovanni

AU - Gravely, Mike

PY - 2021

Y1 - 2021

N2 - Microgrids are one of the approaches to increase customer resiliency and reliability to grid outages. Traditionally, Microgrids are deployed with diesel powered generators but there is increasing interests in replacing the fossil fuelled generators with renewables based Distributed Energy Resources (DER). Besides providing resiliency benefit, the DERs can generate additional revenue from participating in market services or by reducing the utility bill. In order to estimate the net cost of deploying a microgrid, it is essential to account all cost components including capital cost, operation, maintenance and replacement costs, if any, and economic benefits that the microgrid can generate from various value streams. This paper presents an open-source software tool called Distributed Energy Resource Value Estimation Tool (DER-VET) that can optimally size DERs for a given location and estimate the net life cycle cost of the microgrid over a given analysis horizon. The tool's architecture, capabilities and features are also outlined in this paper.

AB - Microgrids are one of the approaches to increase customer resiliency and reliability to grid outages. Traditionally, Microgrids are deployed with diesel powered generators but there is increasing interests in replacing the fossil fuelled generators with renewables based Distributed Energy Resources (DER). Besides providing resiliency benefit, the DERs can generate additional revenue from participating in market services or by reducing the utility bill. In order to estimate the net cost of deploying a microgrid, it is essential to account all cost components including capital cost, operation, maintenance and replacement costs, if any, and economic benefits that the microgrid can generate from various value streams. This paper presents an open-source software tool called Distributed Energy Resource Value Estimation Tool (DER-VET) that can optimally size DERs for a given location and estimate the net life cycle cost of the microgrid over a given analysis horizon. The tool's architecture, capabilities and features are also outlined in this paper.

KW - COST BENEFIT ANALYSIS (CBA)

KW - DISTRIBUTED ENERGY RESOURCES (DER)

KW - MICROGRID

KW - RESILIENCE

KW - STACKED BENEFIT ANALYSIS

UR - https://www.scopus.com/pages/publications/85174646405

U2 - 10.1049/icp.2021.1901

DO - 10.1049/icp.2021.1901

M3 - Conference contribution

AN - SCOPUS:85174646405

VL - 2021

SP - 2329

EP - 2333

BT - IET Conference Proceedings

PB - Institution of Engineering and Technology

T2 - 26th International Conference and Exhibition on Electricity Distribution, CIRED 2021

Y2 - 20 September 2021 through 23 September 2021

ER -

A PLANNING TOOL TO DESIGN AND VALUATE MICROGRIDS

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Keywords

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