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Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies: A Case Study of InteGRIDy Project

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Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies: A Case Study of InteGRIDy Project. / Gudlaugsson, Bjarnhedinn; Ahmed, Tariq; Dawood, Huda et al.
In: Environmental Sciences Proceedings, Vol. 11, No. 1, e15, 03.12.2021.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Gudlaugsson, B, Ahmed, T, Dawood, H, Ogwumike, C & Dawood, N 2021, 'Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies: A Case Study of InteGRIDy Project', Environmental Sciences Proceedings, vol. 11, no. 1, e15. https://doi.org/10.3390/environsciproc2021011015

APA

Gudlaugsson, B., Ahmed, T., Dawood, H., Ogwumike, C., & Dawood, N. (2021). Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies: A Case Study of InteGRIDy Project. Environmental Sciences Proceedings, 11(1), Article e15. Advance online publication. https://doi.org/10.3390/environsciproc2021011015

Vancouver

Gudlaugsson B, Ahmed T, Dawood H, Ogwumike C, Dawood N. Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies: A Case Study of InteGRIDy Project. Environmental Sciences Proceedings. 2021 Dec 3;11(1):e15. Epub 2021 Dec 3. doi: 10.3390/environsciproc2021011015

Author

Gudlaugsson, Bjarnhedinn ; Ahmed, Tariq ; Dawood, Huda et al. / Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies : A Case Study of InteGRIDy Project. In: Environmental Sciences Proceedings. 2021 ; Vol. 11, No. 1.

Bibtex

@article{46a8a4458329431aa640d94608998244,
title = "Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies: A Case Study of InteGRIDy Project",
abstract = "Cost−benefit analysis is a common evaluation method applied to assess whether an energy system is economically feasible as well as the economic viability of energy investment for the energy transition of a pre-existing energy system. This paper focuses on examining the economic costs and benefits obtained through the implementation of renewable energy and smart technology to a pre-existing energy system of two pilot sites—St. Jean and Barcelona. The evaluation process includes all relevant parameters such as investment, operating and maintenance costs, and energy prices needed to assess the economic feasibility of the investment. The results show that investing in energy system development towards a decarbonized future, can provide various benefits such as increased flexibility, and reduced emissions while being economically feasible.",
keywords = "cost benefit analysis, feasibility assessment, renewable energy, smart technology, energy storage, demand response, European project",
author = "Bjarnhedinn Gudlaugsson and Tariq Ahmed and Huda Dawood and Chris Ogwumike and Nashwan Dawood",
year = "2021",
month = dec,
day = "3",
doi = "10.3390/environsciproc2021011015",
language = "English",
volume = "11",
journal = "Environmental Sciences Proceedings",
issn = "2673-4931",
publisher = "MDPI AG",
number = "1",

}

RIS

TY - JOUR

T1 - Application of Cost Benefits Analysis for the Implementation of Renewable Energy and Smart Solution Technologies

T2 - A Case Study of InteGRIDy Project

AU - Gudlaugsson, Bjarnhedinn

AU - Ahmed, Tariq

AU - Dawood, Huda

AU - Ogwumike, Chris

AU - Dawood, Nashwan

PY - 2021/12/3

Y1 - 2021/12/3

N2 - Cost−benefit analysis is a common evaluation method applied to assess whether an energy system is economically feasible as well as the economic viability of energy investment for the energy transition of a pre-existing energy system. This paper focuses on examining the economic costs and benefits obtained through the implementation of renewable energy and smart technology to a pre-existing energy system of two pilot sites—St. Jean and Barcelona. The evaluation process includes all relevant parameters such as investment, operating and maintenance costs, and energy prices needed to assess the economic feasibility of the investment. The results show that investing in energy system development towards a decarbonized future, can provide various benefits such as increased flexibility, and reduced emissions while being economically feasible.

AB - Cost−benefit analysis is a common evaluation method applied to assess whether an energy system is economically feasible as well as the economic viability of energy investment for the energy transition of a pre-existing energy system. This paper focuses on examining the economic costs and benefits obtained through the implementation of renewable energy and smart technology to a pre-existing energy system of two pilot sites—St. Jean and Barcelona. The evaluation process includes all relevant parameters such as investment, operating and maintenance costs, and energy prices needed to assess the economic feasibility of the investment. The results show that investing in energy system development towards a decarbonized future, can provide various benefits such as increased flexibility, and reduced emissions while being economically feasible.

KW - cost benefit analysis

KW - feasibility assessment

KW - renewable energy

KW - smart technology

KW - energy storage

KW - demand response

KW - European project

U2 - 10.3390/environsciproc2021011015

DO - 10.3390/environsciproc2021011015

M3 - Journal article

VL - 11

JO - Environmental Sciences Proceedings

JF - Environmental Sciences Proceedings

SN - 2673-4931

IS - 1

M1 - e15

ER -