Oil & Gas Research
Open Access

Challenges of Renewable Energy Utilization for Power Generation: Renewable-Energy- Based Microgrids and Microgrid-Based Smart Grid Systems

Copyright: © 2020  . This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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It is expected that demand for electricity will increase rapidly
in the foreseeable future with population growth around the
globe. The increase in demand dictates the need for increase
in generation capacity, much of which is expected to be in the
form of emission-free renewable-energy-based power generation.
This presentation evaluates the potential of several different
renewable energy resources for power generation with
a focus on the potential energy of sun for solar photovoltaic
and solar heat power generation, and solar heat for hydrogen
production. The opportunities and challenges associated with
the use of sustainable, but variable renewable-energy-based
power generation sources will be discussed. Furthermore, novel
artificial-intelligence-based peer-to-peer power management
strategies for mitigating the variability and improving resiliency
of multi-source renewable-energy-based microgrids to find a
“trade-off” optimal production point, and a microgrid-based
power system architecture will be presented. Lastly, a vision
for a future renewable-energy-based Hydrogen-economy society
will be presented.

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