<![CDATA[Microgrids (MGs) must have optimally sized storage and renewable energy sources to operate efficiently, economically, and reliably. MG may benefit from optimization techniques in their scheduling and sizing since they have a variety of energy sources with varying availability conditions and necessary costs. In this research, a novel modified spider monkey-based energy management system (MSM-EMS) has been proposed by increasing the photovoltaic (PV) or battery energy storage system (BESS) module capacity while minimizing grid connectivity dependency. The fundamental idea behind the proposed approach is greater dependability at the lowest feasible cost. By taking into account the BESS utilization factor and PV forced outage rates in a MG, the method becomes more realistic. Despite the absence of renewable energy sources and the grid, the proposed strategy provided critical loads according to schedule while maintaining reserve margins. Experimental findings demonstrate that the modified spider monkey optimization (MSMO)-based algorithm can determine the best BESS size and PV depending on cost. In comparison to particle swarm optimization (PSO) of $2756.1 and ABC of $2912.65, the ideal cost for EMS-MSMO is $2215.77 which is relatively low compared to the existing technique. As a result, the suggested MSMO algorithm and innovative energy management system has been optimized along with PV and battery dimensions.]]>
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