LAPSE:2023.7015
Published Article
LAPSE:2023.7015
Optimal Solution for a Renewable-Energy-Generation System at a Private Educational Institute in South Korea
Sangjib Kwon, Hyungbae Gil, Seoin Baek, Heetae Kim
February 24, 2023
Abstract
Climate change has been turning into a climate crisis. Thus, we live in an era in which it is important to carry out the promise of 2050 carbon neutrality worldwide. South Korea is a country with a very large private education market. As the online education market has also recently expanded rapidly, interest in the electricity consumed by educational institutions is growing. One way to reduce the power consumption of private educational institutions, which is expected to gradually increase, is to replace the existing power system with a hybrid energy system based on renewable energy. This study aims to investigate an optimized renewable-energy-based hybrid system to supply adequate power to private educational institutions in Korea. We propose an optimal system using the HOMER (Hybrid Optimization Model for Electric Renewables) program. The result is that when private educational institutions adopt a hybrid renewable energy system, the renewable fraction is negligible in the grid-connected type, but it is analyzed that the NPC (Net Present Cost) will greatly increase because it exceeds 70% in the stand-alone type. The difference between on-grid and off-grid is significant, so it must be taken into account when devising renewable energy policies.
Keywords
cost of electricity (COE), energy mix, HOMER, hybrid renewable energy system, net present cost (NPC), photovoltaic, private education institution, South Korea
Suggested Citation
Kwon S, Gil H, Baek S, Kim H. Optimal Solution for a Renewable-Energy-Generation System at a Private Educational Institute in South Korea. (2023). LAPSE:2023.7015
Author Affiliations
Kwon S: Department of Business Management, College of Social Science, Hansung University, Seoul 02876, Republic of Korea
Gil H: Korea Institute of Machinery and Materials, Daejeon 34103, Republic of Korea
Baek S: Science and Technology Policy Institute, Sejong 30147, Republic of Korea
Kim H: Korea Institute of Machinery and Materials, Daejeon 34103, Republic of Korea
Journal Name
Energies
Volume
15
Issue
24
First Page
9430
Year
2022
Publication Date
2022-12-13
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en15249430, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.7015
This Record
External Link

https://doi.org/10.3390/en15249430
Publisher Version
Download
Files
Feb 24, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
377
Version History
[v1] (Original Submission)
Feb 24, 2023
 
Verified by curator on
Feb 24, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.7015
 
Record Owner
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version
(0.07 seconds)

[0.07 s]