JIC Green Initiative Project Economic Benefits

Abstract

Abstract-As the wheel of modernization moves, it is usually accompanied by fuel demand, mainly powering our industry. In Jubail industrial city this is true as well as the petrochemical industry is seen as an opportunity and challenge. In Jubail Industrial College (JIC), as an educational organization, we decided to be part of the sustainable solution as we are located in Jubail Industrial City and we believe that it's our moral responsibility to participate in the change and teach it to the future generation. JIC Green Initiative is our model which integrates solar energy, solid waste recycle, food waste recycle, wind energy, bio-gas and electric vehicles to come up with an example which could be measured and achieved, including all economic benefits, payback period and reduction in carbon foot print in JIC.

One‐day ahead predictive management of building hybrid power system improving energy cost and batteries lifetime

“…SOC i and SOC f are, respectively, initial and final BESS SOC values for the testing day; C r is CO 2 emission factor (0.527 kg/ kWh) to estimate CO 2 emissions associated with the power generation using a diesel generator [23]. K 1 and K 2 are weighting coefficients.…”

“…As mentioned earlier, the cost function to be minimised is a combination of some terms improving technical and economic penalties occurring in the power hybrid system E g is the predicted exchanged energy from the power network for the next 24 h. It is easily calculated using the following equation: SOC i and SOC f are, respectively, initial and final BESS SOC values for the testing day; C r is CO 2 emission factor (0.527 kg/kWh) to estimate CO 2 emissions associated with the power generation using a diesel generator [23]. K 1 and K 2 are weighting coefficients.…”