Integration of Renewable Energy into a Smart Grid

Abstract

The key to making optimum use of distributed energy resources is by using smart grid technology. Renewable energy sources are a source of energy that is clean, limitless and becoming increasingly competitive. They differ from fossil fuels primarily in their diversity, abundance, and ability to be used anywhere on the earth, but most importantly, they do not emit greenhouse gases or damaging emissions. However, in order to attain commercialization and widespread adoption, the system's energy management strategy must be addressed. The study of renewable energy integration in smart grid systems is presented in this paper. The importance of renewable energy and distributed generation in smart grid systems is discussed in the first section, and we will try to understand the impact of some system model parameters, such as battery capacity, charge/discharge rate, and cost functions, in the next sections. Renewable energy's success is largely determined by its pricing. As a result, it's critical to obtain a better understanding of renewable energy pricing by taking into account the particular characteristics of renewable energy options.

Keywords: Smart grid, renewable energy, energy optimization, distributed generation, greenhouse gases, etc.