Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications
In the last few years, several investigations have been carried out in the field of optimal sizing of energy storage systems (ESSs) at both the transmission and distribution levels. Nevertheless, most of these works make important assumptions about key factors affecting ESS profitability such as eff...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-06-01
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| Series: | Energies |
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| Online Access: | http://www.mdpi.com/1996-1073/10/7/833 |
| _version_ | 1818037238460579840 |
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| author | Claudia Rahmann Benjamin Mac-Clure Vijay Vittal Felipe Valencia |
| author_facet | Claudia Rahmann Benjamin Mac-Clure Vijay Vittal Felipe Valencia |
| author_sort | Claudia Rahmann |
| collection | DOAJ |
| description | In the last few years, several investigations have been carried out in the field of optimal sizing of energy storage systems (ESSs) at both the transmission and distribution levels. Nevertheless, most of these works make important assumptions about key factors affecting ESS profitability such as efficiency and life cycles and especially about the specific costs of the ESS, without considering the uncertainty involved. In this context, this work aims to answer the question: what should be the costs of different ESS technologies in order to make a profit when considering peak shaving applications? The paper presents a comprehensive sensitivity analysis of the interaction between the profitability of an ESS project and some key parameters influencing the project performance. The proposed approach determines the break-even points for different ESSs considering a wide range of life cycles, efficiencies, energy prices, and power prices. To do this, an optimization algorithm for the sizing of ESSs is proposed from a distribution company perspective. From the results, it is possible to conclude that, depending on the values of round trip efficiency, life cycles, and power price, there are four battery energy storage systems (BESS) technologies that are already profitable when only peak shaving applications are considered: lead acid, NaS, ZnBr, and vanadium redox. |
| first_indexed | 2024-12-10T07:23:40Z |
| format | Article |
| id | doaj.art-4ed323c183f94371badd57b3523cff7b |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-12-10T07:23:40Z |
| publishDate | 2017-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-4ed323c183f94371badd57b3523cff7b2022-12-22T01:57:45ZengMDPI AGEnergies1996-10732017-06-0110783310.3390/en10070833en10070833Break-Even Points of Battery Energy Storage Systems for Peak Shaving ApplicationsClaudia Rahmann0Benjamin Mac-Clure1Vijay Vittal2Felipe Valencia3Department of Electrical Engineering, University of Chile, 8370451 Santiago, ChileDepartment of Electrical Engineering, University of Chile, 8370451 Santiago, ChileSchool of Electrical, Computer and Energy Engineering, Arizona State University, P.O. Box 875706, Tempe, AZ 85287, USADepartment of Electrical Engineering, University of Chile, 8370451 Santiago, ChileIn the last few years, several investigations have been carried out in the field of optimal sizing of energy storage systems (ESSs) at both the transmission and distribution levels. Nevertheless, most of these works make important assumptions about key factors affecting ESS profitability such as efficiency and life cycles and especially about the specific costs of the ESS, without considering the uncertainty involved. In this context, this work aims to answer the question: what should be the costs of different ESS technologies in order to make a profit when considering peak shaving applications? The paper presents a comprehensive sensitivity analysis of the interaction between the profitability of an ESS project and some key parameters influencing the project performance. The proposed approach determines the break-even points for different ESSs considering a wide range of life cycles, efficiencies, energy prices, and power prices. To do this, an optimization algorithm for the sizing of ESSs is proposed from a distribution company perspective. From the results, it is possible to conclude that, depending on the values of round trip efficiency, life cycles, and power price, there are four battery energy storage systems (BESS) technologies that are already profitable when only peak shaving applications are considered: lead acid, NaS, ZnBr, and vanadium redox.http://www.mdpi.com/1996-1073/10/7/833energy storage systemspeak shavingdistributed power generation |
| spellingShingle | Claudia Rahmann Benjamin Mac-Clure Vijay Vittal Felipe Valencia Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications Energies energy storage systems peak shaving distributed power generation |
| title | Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications |
| title_full | Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications |
| title_fullStr | Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications |
| title_full_unstemmed | Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications |
| title_short | Break-Even Points of Battery Energy Storage Systems for Peak Shaving Applications |
| title_sort | break even points of battery energy storage systems for peak shaving applications |
| topic | energy storage systems peak shaving distributed power generation |
| url | http://www.mdpi.com/1996-1073/10/7/833 |
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