Integrating Renewable Energy Technologies for Sustainable Development: A Thermoeconomic Perspective

Authors: Sripad Gowda, Praveen Nail

Abstract:

Introduction: The urgent need for sustainable development has propelled the exploration and implementation of renewable and alternative energy technologies. This paper presents a comprehensive study on energy systems design and thermoeconomic analysis, focusing on optimizing the integration of renewable energy sources into existing infrastructures. Various renewable technologies, including solar, wind, and biomass, are analyzed to assess their economic viability, efficiency, and environmental impacts. Objectives: This study adopts a comprehensive approach to assess the role of renewable energy supply systems (RESSs) in promoting sustainability. It begins with an extensive literature review, aggregating insights from existing research. Quantitative data on energy generation and greenhouse gas emissions is sourced from reputable entities like the International Renewable Energy Agency (IRENA). In-depth case studies of specific RESS projects across various regions highlight practical applications. Trend analysis identifies emerging technologies through expert interviews and industry reports. Additionally, the study evaluates current policies, focusing on crucial elements such as grid interactivity and public awareness. Ultimately, the findings synthesize diverse insights to evaluate RESSs' sustainability impact. Methodology: This study uses a multi-faceted approach to explore how renewable energy supply systems (RESSs) contribute to sustainability. First, it includes a literature review to gather information from existing studies about RESSs. Next, quantitative data on energy production and greenhouse gas emissions is collected from organizations like the International Renewable Energy Agency (IRENA). The study also examines specific RESS projects through case studies in different locations to show their practical use. Additionally, it identifies new technologies by conducting expert interviews and reviewing industry reports. The methodology assesses current policies, focusing on important aspects like grid interactivity and public awareness. Finally, the findings are combined to provide a clear understanding of the impact of RESSs on sustainability. Outcomes: The findings underscore the importance of developing innovative design strategies that enhance energy conversion processes while minimizing waste and emissions. The study reveals critical insights into the economic feasibility of integrating renewable energy technologies, demonstrating that careful consideration of initial investments, operational costs, and potential returns can lead to more sustainable energy solutions. Additionally, barriers to widespread adoption are identified, alongside suggested pathways to overcome these challenges, providing practical recommendations for policymakers and industry stakeholders. Ultimately, this research contributes valuable insights that facilitate informed decision-making aimed at achieving sustainable development goals, reducing dependence on fossil fuels, and addressing the pressing challenges of climate change and environmental degradation.

Keywords: sustainable development, renewable energy, thermoeconomic analysis, energy systems