Integration of Solar Energy into Smart Grids: A Cost-Effective Framework for Sustainable Power Management

Abstract

Providing reliable electrical power to consumers at minimal cost presents a significant hurdle, particularly given the rising energy expenses owing to limited transmission capacity and the additional strain on power plants required to ensure a consistent supply. Renewable energy sources, particularly solar power are crucial for the future evolution of power systems owing to their cost-effectiveness and eco-friendliness. These alternatives offer new ways to complement existing grid infrastructure. Over the past ten years, various factors have reduced barriers to entry for photovoltaic systems, including improved solar cell efficiency, decreased costs, increased government incentives, and other considerations. Consequently, photovoltaic (PV) systems have become increasingly prominent in the global energy landscape. This project aims to develop a model for an intelligent power system that integrates multiple grid-synchronized energy sources. This system reduces consumer unit costs, ensures a steady electricity supply, enhances the current grid by feeding back excess power, and employs a smart algorithm to select the optimal power source from among the various options. Furthermore, it provides a locally generated, relatively affordable, and efficient solution for both businesses and consumers.