Techno-economic and environmental analysis of the integration of PV systems on hybrid vessel

McAllister, Lewis and Wang, Haibin (2024) Techno-economic and environmental analysis of the integration of PV systems on hybrid vessel. Energies, 17 (10). 2303. ISSN 1996-1073 (https://doi.org/10.3390/en17102303)

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Abstract

The solar energy is one of the clean energy resources and currently the IMO, EU and UK are targeting net zero carbon emission by 2050. This paper delves the integration of photovoltaic (PV) systems into hybrid vessels in order to meet the strategies and targets. The technical challenges that come with designing such systems as well as their economic and environmental impacts are examined. By optimizing the usage of harnessed solar energy, it discovers the operational strategy that provides maximal benefits through day-to-day savings as well as over the 25-year lifespan of the solar panels. It demonstrates impressive economic viability with cost savings of up to £4.55 per day and a payoff period as short as 9 years. It also displays a modest emission reduction up to 8.002kg of CO2 that serves as proof for a pathway to greener practices in the maritime industry. The report highlights the operational flexibility that a hybrid vessel possesses once paired with a PV system through the ability to withstand regulatory and market changes. Also, looking ahead further adoption of PV technology creates opportunities for innovation in adopting renewable energy solutions in maritime transportation

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