Optimal Sizing of Various Types of Microgrids - A Review

In the future decades emphasizing the rapid-rise in energy demand, non-conventional energy will be a major source of energy rather than conventional sources of energy. The importance of renewable energy sources has increased due to the day-by-day decline in the availability of coal and petroleum products along with the occurrence of pollution by the same. The power generated from the different renewable energy sources (Photo Voltaic System, Wind Farm, Fuel Cell, Microhydro plants) will be integrated into a single microgrid (MG) for powering a small village (isolated or non-isolated) or for transmitting to a Low Voltage (LV) distribution system. Imminent MG technology is the most innovative energy balancing technology, which had diverted to the power distribution network recently. This paper focuses on a deep review of various optimization techniques along with the different types of MG and economic analysis reported in the domain of MG component sizing. Hence an effectively sized microgrid with a well achieved Energy Management System (EMS) that is necessary for the specific applications can be identified.