| Abstract: | The role of energy in the present world is critical in terms of both economical development and environmental impact. Renewable energy sources are considered essential in addressing these challenges. As a result, a growing number of organisations have been adopting hybrid renewable energy system (HRES) to reduce their environmental impact and sometimes take advantage of various incentives. When a HRES is being planned, the ability to model a HRES can provide an organisation with numerous benefits including the capability of optimising sub-systems, predicting performances and carrying out sensitivity analysis. In this paper, we present a comprehensive system dynamics model of HRES and combined heating and power (CHP) generator. Data from a manufacturing company using HRES and CHP generator are used to validate the model and discuss important findings. The results illustrate that the components of a HRES can have conflicting effects on cost and environmental benefits; thus, there is a need for an organisation to make trade-off decisions. The model can be a platform to further simulate and study the composition and operating strategies of organisations that are venturing to adopt new or additional HRESs. |
