Design of Hybrid Renewable Energy Systems for Sustainable Power Solutions Using Homer Pro

The depletion of fossil fuel sources is accelerated by the growing demand for energy worldwide, particularly in developing nations. This highlights the pressing need for sustainable and renewable energy alternatives. Using a techno-economic analysis, this study assesses hybrid renewable energy systems (HRESs) for electricity production, emphasizing the resolution of issues caused by the intermittent nature of renewable energy sources. Using HOMER Pro software, a feasibility study is carried out to evaluate a community's energy requirements in India. Reducing the Net Present Cost (NPC), cutting energy costs, and optimizing the use of renewable energy sources are some of the goals that drive the system's design optimization. According to the findings, the most economical HRES configuration consists of an 800-kW wind turbine (WT), 400 batteries, a 150-kW power converter, a 50 kW electrolyzer, and a 20 kg hydrogen storage tank. This optimum configuration yields a Renewable Fraction (RF) of 99.7%, a Cost of Energy (COE) of $0.239 per kilowatt-hour, and a minimum NPC of $3.42 million. It guarantees a dependable power supply to fulfil 99.7% of the site's daily energy requirement of 3379.0 kWh, with the electricity produced coming almost entirely from renewable sources.