Estimation of Internal Rate of Return for Battery Storage Systems with Parallel Revenue Streams: Cycle-Cost vs. Multi-Objective Optimisation Approach

Estimation of Internal Rate of Return for Battery Storage Systems with Parallel Revenue Streams: Cycle-Cost vs. Multi-Objective Optimisation Approach

This paper assesses the profitability of battery storage systems (BSS) by focusing on the internal rate of return (IRR) as a profitability measure which offers advantages over other frequently used measures, most notably the net present value (NPV). Furthermore, this study proposes a multi-objective...

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Bibliographic Details
Main Authors: Jura Jurčević, Ivan Pavić, Nikolina Čović, Denis Dolinar, Davor Zoričić
Format: Article
Language:English
Published: MDPI AG 2022-08-01
Series:Energies
Subjects:
battery storage viability
cycle-cost
multi-objective optimisation
profitability measures
Online Access:https://www.mdpi.com/1996-1073/15/16/5859

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