Smart Grid Solutions for Sustainable Mining: A Cost-Effective Energy Management Framework with Optimization Algorithms

This research work focuses on conceptualizing and modeling smart grid infrastructure. The project's main objective is to develop a smart grid infrastructure to improve energy management in industrial processes. Regenerate has deployed a system that uses renewable energy sources like solar photovoltaic (PV) arrays and wind turbines combined with batteries for energy storage. This research work describes a method that first creates synthetic data and then uses a polynomial function to precisely model the statistical fluctuations inherent in the output of renewable energy sources. The process is carried out using MATLAB. A simulation model created using Simulink is also applied to build a smart grid that includes dynamic load control, demand side management DSM, and various control system configurations. The simulation demonstrates that it is possible to produce electricity with minimal or no depreciation related to an increased dependency on renewable energy sources. It can also function at a higher ratio of energy output produced by traditional sources than previously credited within New Zealand while having substantially fewer overall expenses associated with carbon emissions.