Economic impact of digital twins on renewable energy investments DOI Creative Commons

Kelvin Edem Bassey,

Jesse Opoku-Boateng,

Bernard Owusu Antwi

et al.

Engineering Science & Technology Journal, Journal Year: 2024, Volume and Issue: 5(7), P. 2232 - 2247

Published: July 19, 2024

Digital twins have emerged as pivotal tools for reshaping renewable energy investments by enhancing operational efficiency, predictive maintenance, and grid management. This review explores the economic impact of digital specifically in context investments. twins, virtual replicas physical assets processes, facilitate improved decision-making through advanced simulations real-time data analytics. In sectors, they optimize performance solar, wind, storage predicting production, optimizing maintenance schedules, overall asset lifecycle By providing accurate forecasts scenario analyses, minimize risks maximize yield, thereby increasing profitability return on investment projects. Moreover, streamline workflows reduce costs associated with manual monitoring maintenance. They enable proactive strategies, identifying potential faults before cause disruptions, thus minimizing downtime repair expenses. efficiency contributes to lower expenditures enhances longevity, further bolstering viability. addition efficiencies, support strategic detailed financial modelling risk assessment, allowing stakeholders assess project feasibility, capital allocation, attract financing. Enhanced transparency data-driven insights provided increase investor confidence perceived risks, lowering cost Furthermore, foster innovation technological advancements sector. continuous improvement iterative learning adaptation based real-world data, driving optimization. represent a transformative technology significant implications reducing costs, facilitating informed decision-making, fostering innovation, play crucial role accelerating transition towards sustainable economically viable future. Keywords: Economic Impact, Twins, Renewable Energy.

Language: Английский

Green taxes innovation and energy imports in advancing renewable transitions in developing countries DOI
Ehsan Rasoulinezhad

Resources Policy, Journal Year: 2025, Volume and Issue: 102, P. 105517 - 105517

Published: Feb. 20, 2025

Language: Английский

Citations

3
Pechini sol-gel synthesis and fabrication of Er2CrMnO6 double perovskites as a potential active material for electrochemical hydrogen storage application DOI
Vahid Rahimkhoei, Masood Hamadanian, Seyed M. Mirsattari

et al.

International Journal of Hydrogen Energy, Journal Year: 2025, Volume and Issue: 111, P. 648 - 660

Published: Feb. 27, 2025

Language: Английский

Citations

3
Nexus between Green Investment, Fiscal Policy, Environmental Tax, Energy Price, Natural Resources, and Clean Energy—A Step towards Sustainable Development by Fostering Clean Energy Inclusion DOI Open Access
Han Yan,

Md. Qamruzzaman,

Sylvia Kor

et al.

Sustainability, Journal Year: 2023, Volume and Issue: 15(18), P. 13591 - 13591

Published: Sept. 12, 2023

This study aims to examine the relationship between green investment (GI), fiscal policy (FP), environmental tax (ET), energy price (EP), natural resource rent (NRR), and consumption of clean (CE) promote sustainable development in Cambodia for period 1990–2021. The implemented linear nonlinear frameworks document explanatory variables’ potential effects on long short run. research findings demonstrate a robust favorable connection GI, FP, ET CE, both term term. An augmentation GI results establishment growth utilization renewable energy, thereby underscoring significance initiatives advancing technologies. Fiscal policies, encompassing incentives subsidies, exert substantial enduring influence expanding sources. Implementing taxes catalyzes demand significantly preserving environment promoting practices. Furthermore, illuminates inverse correlation oil prices REC. Adopting sources may face obstacles form elevated prices, as conventional maintain cost advantage. On contrary, decreased incentivize transitioning towards using energy. Countries that heavily depend export resources display reduced inclination invest commonly called “resource curse” phenomenon. provides valuable insights into intricate interplay multiple factors contribute development. Policymakers, businesses, researchers can employ these develop productive strategies advance inclusion tackle challenges, cultivate more environmentally friendly future.

Language: Английский

Citations

43
A critical review of PV systems’ faults with the relevant detection methods DOI Creative Commons
Khaled Osmani, Ahmad Haddad, Thierry Lemenand

et al.

Energy Nexus, Journal Year: 2023, Volume and Issue: 12, P. 100257 - 100257

Published: Nov. 11, 2023

PhotoVoltaic (PV) systems are often subjected to operational faults which negatively affect their performance. Corresponding different types and natures, such prevent the PV from achieving nominal power output attaining required level of energy production. Regarding optimization systems, this paper aims primarily at surveying categorizing faults, classified as electrical, internal, external, where each is thoroughly investigated: internal occur cellular level, can either be short circuit, open bridging, or bypass diode faults. External on other side mainly temporary (i.e., clouds shading, snowstorms, etc.) permanent (e.g., glass breakage, frame defects, mismatch Lastly, electrical involve common circuitry problems, circuits line ground, line, etc.), processing units' inverter faults), arc As for detection methods, six major fault methods investigated AC system with twenty-nine total based methods. On hand, eleven surveyed DC seventy-three The critically analyzed, compared relevantly other, within mutual sub-sets. resulting tabulated comparative data assessments cause-effect relationships, impact performance), well priority application, compose a rich background related systems' performance security fields, nexus future work also suggested.

Language: Английский

Citations

43
A review of interconnected challenges in the water–energy–food nexus: Urban pollution perspective towards sustainable development DOI Creative Commons
Kazem Javan, Ali Altaee, Saeed Banihashemi

et al.

The Science of The Total Environment, Journal Year: 2023, Volume and Issue: 912, P. 169319 - 169319

Published: Dec. 16, 2023

The swift growth of cities worldwide poses significant challenges in ensuring a sufficient water, energy, and food supply. Nexus has innovated valuable systems to address these challenges. However, crucial issue is the potential for pollution resulting from systems, which directly indirectly impacts public health overall quality urban living. This study comprehensively reviews interconnected water-energy-food (WEF) nexus various forms cities. primary focus this review article showcase findings WEF studies regarding pollutions across different geographical regions spatial scales. It aims examine problems pollutions, specifically their effects on human life. also delves into sources as identified studies. Furthermore, will highlight proposed solutions research aimed at effectively mitigating each sector studied. systematic analyses Scopus database. extensively reviewed 2463 peer-reviewed published articles focused explicitly related that discussed pollution. Our emphasizes, firstly, raising awareness about link between nexus, pollution, environments, among policymakers key stakeholders, including planners, industry partners municipalities. promote development policies encourage sustainable practices stakeholders. Secondly, it evaluates methods findings, aiding identifying gaps technological innovation potential, well enhancing decision-making. Lastly, outlines future challenges, providing roadmap researchers advance understanding domain identify opportunities resource efficiency collaboration sectors.

Language: Английский

Citations

39
Development status evaluation and path analysis of regional clean energy power generation in China DOI Creative Commons
Xinxin Li, Lingying Pan, Jianyun Zhang

et al.

Energy Strategy Reviews, Journal Year: 2023, Volume and Issue: 49, P. 101139 - 101139

Published: July 18, 2023

Due to differences in resource endowments, levels of economic development, energy structure, and effects policy implementation, the level clean development different regions China is nonuniform. To achieve carbon peaking neutrality, it necessary clarify law formulate policies tailored local conditions. Based on relevant data power, this paper establishes a system for evaluating each region by entropy method quantitatively analyzes key factors influencing regional development. this, characteristics are discussed, four historical paths developing summarized. The findings reveal following: (1) overall, most proceeding at satisfactory pace. contribution endowment considerable Southwest Northwest China. (2) involved can be categorized into rising, declining, stable, fluctuating types. (3) Currently, remains largely dependent endowments restricted capacity traditional large-scale generation units. (4) In foreseeable future, sound effective trading mechanism market will play an important role economically developed promote higher energy.

Language: Английский

Citations

26
A resilient and intelligent multi-objective energy management for a hydrogen-battery hybrid energy storage system based on MFO technique DOI
M.H. Elkholy, Tomonobu Senjyu, Hamid Metwally

et al.

Renewable Energy, Journal Year: 2023, Volume and Issue: 222, P. 119768 - 119768

Published: Dec. 21, 2023

Language: Английский

Citations

25
Community-based virtual power plants’ technology and circular economy models in the energy sector: A Techno-economy study DOI
Haonan Xie, Tanveer Ahmad, Dongdong Zhang

et al.

Renewable and Sustainable Energy Reviews, Journal Year: 2023, Volume and Issue: 192, P. 114189 - 114189

Published: Dec. 23, 2023

Language: Английский

Citations

24
An extensive investigation of structural, electronic, and optical properties of inorganic perovskite Ca3AsCl3 for photovoltaic and optoelectronic applications: A first-principles approach using Quantum ATK tool DOI
Krishna Kumar Mishra, Sonia Chahar, Rajnish Sharma

et al.

Solid State Communications, Journal Year: 2024, Volume and Issue: 390, P. 115623 - 115623

Published: July 3, 2024

Language: Английский

Citations

18
Optimizing Piezoelectric Energy Harvesting from Mechanical Vibration for Electrical Efficiency: A Comprehensive Review DOI Open Access
Demeke Girma Wakshume, Marek Płaczek

Electronics, Journal Year: 2024, Volume and Issue: 13(5), P. 987 - 987

Published: March 5, 2024

In the current era, energy resources from environment via piezoelectric materials are not only used for self-powered electronic devices, but also play a significant role in creating pleasant living environment. Piezoelectric have potential to produce micro milliwatts of power depending on ambient conditions. The obtained these is powering small devices such as sensors, health monitoring and various smart gadgets like watches, personal computers, cameras. These reviews explain comprehensive concepts related (classical non-classical) materials, harvesting mechanical vibration structural modelling, their optimization. Non-conventional polyceramics, polymers, or composite stand out due slender actuator sensor profiles, offering superior performance, flexibility, reliability at competitive costs despite susceptibility performance fluctuations caused by temperature variations. Accurate modeling optimization, employing analytical, numerical, experimental methodologies imperative. This review furthers research development optimizing utilization, suggesting need continued experimentation select optimal structures applications.

Language: Английский

Citations

14