Improving Return on Investment for Photovoltaic Plants by Deploying Customized Load

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dc.contributor.authorEid, Bilal M.
dc.contributor.authorIslam, Md R.
dc.contributor.authorNahid, Abdullah Al
dc.contributor.authorKouzani, Abbas
dc.contributor.authorParvez Mahmud, M. A.
dc.date.accessioned2021-03-18T05:19:55Z
dc.date.available2021-03-18T05:19:55Z
dc.date.issued16 October 2020en_US
dc.departmentHKÜ, Mühendislik Fakültesi, Elektrik Elektronik Mühendisliği Bölümüen_US
dc.description.abstractThe 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. © 2020 IEEE.en_US
dc.identifier.citationEid, B., Islam, M. R., Nahid, A.-A., Kouzani, A. Z., Parvez, M. M. A., & 2020 IEEE International Conference on Applied Superconductivity and Electromagnetic Devices (ASEMD). (October 16, 2020). Improving Return on Investment for Photovoltaic Plants by Deploying Customized Load. 1-2.en_US
dc.identifier.doi10.1109/ASEMD49065.2020.9276257
dc.identifier.isbn978-172815215-8
dc.identifier.orcid0000-0002-7218-8570en_US
dc.identifier.scopus2-s2.0-85099304846
dc.identifier.scopusqualityN/A
dc.identifier.urihttps://doi.org/10.1109/ASEMD49065.2020.9276257
dc.identifier.urihttps://hdl.handle.net/20.500.11782/2313
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherInstitute of Electrical and Electronics Engineers Inc.en_US
dc.relation.ispartof2020 IEEE International Conference on Applied Superconductivity and Electromagnetic Devices, ASEMD 2020
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectbatteriesen_US
dc.subjectblockchainen_US
dc.subjectmining rigen_US
dc.subjectPhotovoltaic power plantsen_US
dc.subjectreturn on investmenten_US
dc.titleImproving Return on Investment for Photovoltaic Plants by Deploying Customized Load
dc.typeArticle

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