The interdependence between the water and power sectors is a growing concern as the need for desalination increases globally. Therefore, co-optimizing interdependent systems is necessary to understand the impact of one sector on another. We propose a framework to identify the optimal investment mix for a co-optimized water-power system and apply it to Neom, Saudi Arabia. Our results show that investment strategies that consider the co-optimization of both systems result in total cost savings for the power sector compared to independent approaches. Analysis results suggest that systems with higher shares of non-dispatchable renewables experience the most significant cost reductions.
Bibliographical noteFunding Information:
This work was partly funded by the Center of Excellence NEOM and the Virtual Red Sea Initiative at King Abdullah University of Science and Technology (KAUST).
© 2022, The Author(s).
ASJC Scopus subject areas
- Biochemistry, Genetics and Molecular Biology(all)
- Physics and Astronomy(all)