Deakin University
Browse

File(s) under permanent embargo

Improving Return on Investment for Photovoltaic Plants by Deploying Customized Load

conference contribution
posted on 2020-01-01, 00:00 authored by B Eid, M R Islam, A A Nahid, Abbas KouzaniAbbas Kouzani, M A Parvez Mahmud
© 2020 IEEE. The deployment of grid connected photovoltaic (PV) power plants is increasing dramatically recently. Due to the intermittent nature of the PV power plant, a battery and/or a power curtailment controller has to be installed to maintain the stability of the distribution network. The battery is an additional cost in the system so the return on investment (ROI) analysis has to be conducted. An alternative to the battery, a customized load can be used to consume the surplus energy. This load has to make an additional income to be profitable for the plant's owner. Such load can be crypto-currency mining rig that does calculation to validate the transaction in the Blockchain network. This study compared the ROI of the battery and the mining rig. The study shows that mining rig has higher ROI of 7.7% compared to 4.5% for battery.

History

Event

ASEMD

Publisher

IEEE

Location

Tianjin, China

Start date

2020-10-16

End date

2020-10-18

ISBN-13

9781728152158

Publication classification

E2 Full written paper - non-refereed / Abstract reviewed

Title of proceedings

2020 IEEE International Conference on Applied Superconductivity and Electromagnetic Devices, ASEMD 2020

Usage metrics

    Research Publications

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC