A Simulation-Based Framework for Optimizing Renewable Energy Integration in Smart Power Grids

Authors

DOI:

https://doi.org/10.63084/algora.v1i01.61

Keywords:

Renewable energy integration, smart grids, simulation framework, optimization algorithms, Monte Carlo simulation, risk management

Abstract

The integration of renewable energy sources into smart power grids presents significant challenges related to intermittency, uncertainty, and system stability. This paper presents a comprehensive simulation-based framework for optimizing renewable energy integration through advanced computational modeling and optimization techniques. The framework combines Monte Carlo simulation with optimal power flow analysis, multi-objective evolutionary algorithms, and risk-aware planning methodologies to address the stochastic nature of renewable generation. Key components include distributed energy resource coordination, energy storage management, and demand response integration. The proposed framework employs conditional value-at-risk measures to quantify tail risks and enable robust decision-making under uncertainty. Validation through multiple case studies demonstrates substantial improvements in system performance, with reported cost reductions ranging from 12% to 37%, emission reductions of 4% to 28%, and peak load mitigation of 19% to 37%. The framework supports both centralized and distributed optimization architectures, enabling scalable deployment across various grid configurations. Implementation considerations include hardware-in-the-loop validation, cloud-based parallel simulation platforms, and data-driven scenario generation using generative adversarial networks. This research contributes to the advancement of smart grid technologies by providing a systematic methodology for renewable energy integration that balances economic efficiency, reliability, and environmental sustainability while managing operational risks.

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Published

2024-06-30

How to Cite

Olaniyan, O., & Olugbemi, I. (2024). A Simulation-Based Framework for Optimizing Renewable Energy Integration in Smart Power Grids. Algora, 1(01), 45–64. https://doi.org/10.63084/algora.v1i01.61