It is observed that yearly RES diffusion ratios greater than 77.9% have been attained
with the resulting dimensioning, whereas 99.9% RES diffusion has been completed for the
PHS-supported systems. One other significant aspect of the achieved findings is the ex-
tremely large storage capacity provided by the PHS systems. Lastly, it is also important
to note the large RES production surplus that is computed annually for the systems that
are stayed by electrochemical storing strategy. This is because, in relation to the overall
size of the hybrid energy station, these systems have a relatively little storage capacity.
Table 2 presents the respective outcomes of the ensuing economic examination. The
following presumptions guided the execution of the economic analysis:
The finance plan comprised 49.9% loans and 49.9% equity from the European Invest-
ment Bank, with a 1.499% interest rate and a 15-year repayment period. The economic
analysis was conducted using a 20-year life expectancy for all systems.
The related investment's stocks are referenced by the economic indexes that are being
given.
As can be observed, with the dimensioning completed, the needed selling price of
the generated electricity should be between 249 and 349 €/MWh for the storage technolo-
gies that are currently in use, but it is significantly lower in the event that the cost of pur-
chasing lithium-ion batteries drops in the future. Contempt the small scope of the isles
under investigation, PHS systems are still very competitive because they offer a number
of benefits like high storage capacity, low setup costs per unit of storage capacity, long
autonomy times, long lifespans, and the one scheme that container ensure 99.9% RES sat-
uration. It is also emphasised that all battery replacements necessary over the course of
the hybrid power plants' lifespan are taken into account when determining the setup-spe-
cific costs of the storage plants.
On the other hand, the expensive setup costs and, typically, the drawn-out licencing pro-
cess are the main disadvantages of hybrid energy stations with PHS systems.
Lastly, it should be mentioned that the economic evaluations were carried out over 19-
year lifespans. Longer life spans (such as 49 years) would make the systems with PHS
assistance much more economically feasible because they would require more electro-
chemical battery replacements, which would raise the related plants' life cycle costs.
6. Conclusions
The paper looks into three small-scale Greek island autonomous systems' require-
ments for having a high-RES penetration rate. In order to guarantee great-RES access and
financial viability with power having fees less than the current production specific fee of
the independent routines, alternative storage technologies are investigated. In principle,
all of the substitute plants can be used to meet the aforementioned goals. Beside evaluat-
ing another researched equipment amongst them, we determine that:
Firstly, the yearly RES access ratios scale from 77.9 to 89.9% with the use of electrochemical
technology. Secondly, it is only possible to obtain 99.9% yearly RES penetration percent-
age using PHS systems. Thirdly, PHS systems have extremely long independent operating
times, which is a critical component for autonomous grids. Fourthly, PHS systems have
the highest setup costs, but over time, these costs are offset because they are built only
once and don't need to be replaced, unlike batteries. Fifthly, PHS systems have the lowest
particular cost of setup per storage capacity unit. then, the primary alluring aspects of
power plants utilising battery technologies are their minimal setup expenses and their
expedited and less complicated licencing procedure. Also, if procurement costs for