Feasibility Analysis of Integration Renewable Energy for Industrial Center in Neom City

Renewable energy is an attractive option for supplying energy addressing fuel price volatility, hedging against supply insecurity, and reducing carbon dioxide emissions. The purpose of this paper is to conduct a feasibility analysis of hybrid renewable energy systems for an industrial facility in Neom City, Saudi Arabia. Three hybrid renewable energy systems are investigated and analyzed in this research. Various combinations and sizes of photovoltaic (PV) arrays, fuel cell generators, wind turbines, electrolyzers, hydrogen tanks, power converters, and batteries are investigated in order to determine the ideal system design for meeting the daily load requirements. Economic and environmental measures are used to evaluate the proposed systems and determine the best renewable energy system. Specifically, levelized cost energy cost (LCOE), net present cost (NPC), and greenhouse gas emissions are used. In addition, sensitivity analysis is performed to determine the impact of changing input model parameters. The findings indicate that the configuration that consists of PV/wind turbine/fuel cell/electrolyzer/hydrogen tank is the most suitable energy system with an NPC of $578,300 and an LCOE of 0.2003 $/kWh. This configuration is estimated to release 74,598 kg/year of carbon dioxide and 158 kg/year of nitrogen oxide which is equivalent to saving 11,953 gallons of diesel.