Load management design and techno-economic analysis for an islanded hybrid Pv-Teg microgrid

Integration of various renewable energy sources (RES) is one of the critical factors behind microgrid (MG) capacity development and MG expansion. Distributed energy resources with and without RES, electrical loads, controllers, and storage units constitute the essential components of MGs. On the other hand, with the addition of different power generation sources, load prediction on the user side of the MG becomes an important issue. Demand response solutions and changing end-user behavior are the other sources of uncertainty in the performance of MGs. Therefore, matching supply and demand is a very important issue that must be done immediately at every moment of the operation. A load management system (LMS) in a community MG is essential to ensure the system's adaptability. Fuzzy logic (FL) controllers and energy management systems will ensure optimum use of energy resources and efficient operation of MG and reduce energy waste. In this study, an 85 kW photovoltaic (PV) and thermoelectric generator (TEG) hybrid MG system (PVTEG-MG), which can operate as an island grid in all regions of the World with hot water resources, has been designed for the first time and its techno-economic analysis has been made. The state of charge (SOC) for the proposed PVTEG-MG remained stable at 40% charge state by adding charge management. The average value of the Levelized Cost of Energy (LCOE) is $0.456/kWh for PV, $0.456/kWh for TEG, and 0.399/kWh over the total energy produced, 219,000 kWh for the PV and 493,650 kWh for the TEG. Overall, this PVTEG-MG system is a promising solution for hot water regions that can be used as an island grid to reduce electricity costs, increase efficiency and reliability, and provide a more sustainable energy source.