scholarly journals Return of Interest Planning for Photovoltaics Connected with Energy Storage System by Considering Maximum Power Demand

2020 ◽  
Vol 10 (3) ◽  
pp. 786
Author(s):  
Sung-Soo Kim ◽  
Wonbin Lee ◽  
Byeong Gwan Bhang ◽  
Jin Ho Choi ◽  
Sang Hun Lee ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Economic Evaluation ◽  
Energy Storage ◽  
Storage System ◽  
Energy Storage System ◽  
Maximum Power ◽  
Photovoltaic System ◽  
Medium Size ◽  
Power Demand ◽  
The Cost

In this study, a general building of medium size with an Energy Storage Systems (ESS)-connected Photovoltaic (PV) system (energy storage system that is connected to a photovoltaic system) was chosen to develop a tool for a better economic evaluation of its installation and use. The newly obtained results, from the revised economic evaluation algorithm that was proposed in this study, showed the effective return of investment period (ROI) would be 8.62 to 12.77 years. The ratio of maximum power demand to contract demand and the falling cost of PVs and ESS was the factors that could affect the ROI. While using the cost scenario of PVs and ESS from 2019 to 2024, as estimated by the experts, the ROI was significantly improved. The ROI was estimated to be between 4.26 to 8.56 years by the year 2024 when the cost scenario was considered. However, this result is obtained by controlling the ratio of maximum power demand to contract demand. Continued favorable government policies concerning renewable energy would be crucial in expanding the supply and investment in renewable energy resources, until the required ROI is attained.

Modeling an Energy Storage System Based on a Hybrid Renewable Energy System in Stand-alone Applications

2017 ◽  
Vol 68 (11) ◽  
pp. 2641-2645
Author(s):  
Alexandru Ciocan ◽  
Ovidiu Mihai Balan ◽  
Mihaela Ramona Buga ◽  
Tudor Prisecaru ◽  
Mohand Tazerout
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Storage System ◽  
Energy Storage System ◽  
Compressed Air ◽  
Energy Sources ◽  
Energy Storage Systems ◽  
Hybrid Renewable Energy System

The current paper presents an energy storage system that stores the excessive energy, provided by a hybrid system of renewable energy sources, in the form of compressed air and thermal heat. Using energy storage systems together with renewable energy sources represents a major challenge that could ensure the transition to a viable economic future and a decarbonized economy. Thermodynamic calculations are conducted to investigate the performance of such systems by using Matlab simulation tools. The results indicate the values of primary and global efficiencies for various operating scenarios for the energy storage systems which use compressed air as medium storage, and shows that these could be very effective systems, proving the possibility to supply to the final user three types of energy: electricity, heat and cold function of his needs.

Optimal Allocation of Energy Storage System in Distribution Systems with Intermittent Renewable Energy

2021 ◽  
Vol 19 (02) ◽  
pp. 288-296
Author(s):  
Luiz Renato Braz Pontes ◽  
Yuri Percy Molina Rodriguez ◽  
Jaime Luyo Kuong ◽  
Hugo Rojas Espinoza
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Distribution Systems ◽  
Optimal Allocation ◽  
Storage System ◽  
Energy Storage System

scholarly journals The cost-effectiveness of an energy storage system using hydrogen and underground gas storage

2019 ◽  
Vol 137 ◽  
pp. 01007 ◽  
Author(s):  
Sebastian Lepszy
Keyword(s):  
Cost Effectiveness ◽  
Energy Storage ◽  
Historical Data ◽  
Renewable Energy Sources ◽  
Storage System ◽  
Energy Storage System ◽  
Electricity Production ◽  
Energy Market ◽  
The Cost ◽  
Random Nature

Due to the random nature of the production, the use of renewable energy sources requires the use of technologies that allow adjustment of electricity production to demand. One of the ways that enable this task is the use of energy storage systems. The article focuses on the analysis of the cost-effectiveness of energy storage from the grid. In particular, the technology was evaluated using underground hydrogen storage generated in electrolysers. Economic analyzes use historical data from the Polish energy market. The obtained results illustrate, among other things, the proportions between the main technology modules selected optimally in technical and economic terms.

Sign in / Sign up

Export Citation Format

Share Document