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In the background of exhaustion of the traditional fossil energy sources and environmental deterioration, developing renewable energy has become a strategic choice for countries to achieve energy sustainable utilization and carbon neutrality target. Different renewable energy technical plans have different characteristics under multiple criteria. Therefore, before the further exploitation of renewable energy sources, it is of great significance to evaluate the comprehensive performance of different plans and then determine the best renewable energy sources. However, the commonly used weight calculation methods in the existing renewable energy evaluation have obvious shortcomings, such as the randomness of the subjective method is strong and the gap in the weight allocation of the objective method is too large, which affect the reliability and accuracy of the sorting result. In this paper, a novel weight calculation method based on non-dominated sorting genetic algorithm (NSGA-II) is proposed, and is applied to renewable energy evaluation. The study in this paper focuses on methodology. Firstly, for the linear normalized and Zeros normalized evaluation data, the differences between renewable energy plans in the two normalized evaluation data are measured, and the ranking deviations of the two normalized data are calculated. Then, the multi-objective weight solving model is constructed in terms of plans differences minimization and ranking vectors deviations minimization. The NSGA-II algorithm is applied to the optimization of multi-objective functions to find the Pareto non-dominated solution, so as to determine the weight values of each evaluation index. Finally, the TOPSIS method is used to determine the relative closeness value of each plan, and the rankings of renewable energy technical plans are achieved. Based on the actual renewable energy development data of a province in China, experiments were carried out to investigate the effectiveness of the proposed method. Experimental results show that the proposed method performs better than some popular renewable energy evaluation methods. [Display omitted] • Propose a novel evaluation method for renewable energy technical plans. • Apply non-dominated sorting genetic algorithm II to determine the index weights. • Compared with the existing evaluation method, the proposed method performs better. [ABSTRACT FROM AUTHOR]

The drive for improved energy efficiency and flexibility has birthed an innovative solution: an energy hub. This hub operates in sync with natural gas and electricity grids, integrating batteries and thermal storage to optimize renewable energy use, reduce costs, and bolster network stability. In addressing these objectives, a mathematical optimization model for energy hub operation is developed in this paper. This model captures the intricate interplays between electricity and natural gas networks, accounting for the intricacies posed by uncertainties and variations in renewable energy sources and demand profiles. Also, this paper uniquely delves into the integration of load response programs, an approach geared towards amplifying the energy hub system's flexibility and reliability. Through these programs, subscribers gain the agency to calibrate their energy consumption based on real-time pricing signals and incentives dispensed by the energy hub. The simulation findings serve as a compelling testament to the efficacy of the proposed system. Operating costs witness a substantial reduction, the adoption of renewable energy sources is markedly heightened, and the stability and reliability of the upstream energy networks are tangibly ameliorated. The integration of load response programs emerges as a particularly effective strategy in mitigating peak demand and augmenting the system's overall energy efficiency. Underpinning the entirety of this innovative solution is the transformation of the challenges into an optimization problem. This catalyzes the employment of a newly developed particle community algorithm, custom-tailored to surmount the challenges of local optima. This algorithm inherently bolsters the system's search capabilities, minimizing the risk of entrapment within localized solutions. Ultimately, the proposed energy hub system encapsulates a promising trajectory toward the realization of a sustainable and adaptable energy landscape. By seamlessly integrating diverse energy sources and storage systems, augmenting energy flexibility and efficiency, and aligning with broader energy transition and decarbonization goals, this solution presents a formidable contender. The simulation outcomes underscore its potential by showcasing a substantial 4.57 % reduction in the cost of procuring energy from the upstream electrical network. • Holistic energy hub engages in upstream electricity and heat markets, optimizing profit. • Empowered energy hub actively influences markets with optimized strategies. • Robust optimization ensures stable operations in uncertain renewable sources. • Advanced load management optimizes profiles, aligning consumption with pricing. • Particle swarm optimization algorithm enhances search for optimal solutions. [ABSTRACT FROM AUTHOR]

This paper examines renewable and technological prices' asymmetric multifractality and efficiency in international and Chinese marketplaces. The asymmetric multifractal detrended fluctuation analytics (A-MFDFA), multifractal detrended fluctuation analytics (MFDFA), and fractal dimension techniques are employed for multifractality and herding behavior. In addition, market deficiency measures (MDM) and hurst exponents are used to construct the inefficiency index (MLM- Magnitude of long-memory) during and before Covid-19. The empirical outcomes supported the existence of asymmetric multifractality across all renewable and technological marketplaces. This multifractality has been observed in up-and-down trends. Moreover, during the COVID-19 outbreak, inefficiency in CELS and SPGlobal's green energy prices increased, which is more apparent in the descending trends. Fractal dimension outcomes suggest a herding behavior in these markets during pandemic. The SPTSX green energy pricing statistics demonstrate that its upward multifractality is larger than the downward in both phases, signifying the strong efficiency position in the market. The SPIC-SH green energy pricing displayed considerable asymmetric multifractality, higher levels of efficiency, and even low levels of market uncertainty during COVID-19. The findings imply that all financial market players should prioritize various green energy investments depending on its asymmetric efficiency and predictability. It will help in their decision-making and reduces herding behavior in the market. • Asymmetric multifractal behavior is tested in global renewable and technological prices. • A-MFDFA and MFDFA and fractal dimension are used to analyze efficiency, scaling and herding behavior during and before COVID. • CELS and SPGlobal's green energy prices showed herding behavior before and inefficacy during COVID. • Green Technology and Chinese green energy prices were stable during COVID. • All green and technological prices were more stable before COVID-19. [ABSTRACT FROM AUTHOR]