scholarly journals Economic Feasibility of Micro-Grid Energy Storage and the Impact of Emerging Technologies on Its Viability

2021 ◽  
Vol 10 (04) ◽  
pp. 136-153
Author(s):  
Kaleb Knowles ◽  
Sohail Anwar
Keyword(s):  
Energy Storage ◽  
Emerging Technologies ◽  
Economic Feasibility ◽  
Micro Grid ◽  
The Impact

scholarly journals Feasibility Analysis of Behind-the-Meter Energy Storage System According to Public Policy on an Electricity Charge Discount Program

2019 ◽  
Vol 11 (1) ◽  
pp. 186 ◽  
Author(s):  
Byuk-Keun Jo ◽  
Seungmin Jung ◽  
Gilsoo Jang
Keyword(s):  
Energy Storage ◽  
Storage Systems ◽  
Storage System ◽  
Participation Rate ◽  
Energy Storage System ◽  
Economic Feasibility ◽  
Demand Side ◽  
Energy Storage Systems ◽  
Study Results ◽  
The Impact

Energy storage systems are crucial in dealing with challenges from the high-level penetration of renewable energy, which has inherently intermittent characteristics. For this reason, various incentive schemes improving the economic profitability of energy storage systems are underway in many countries with an aim to expand the participation rate. The electricity charge discount program, which was introduced in 2015 in Korea, is one of the policies meant to support the economic feasibility of demand-side energy storage systems. This paper quantitatively evaluated the impact of the electricity charge discount program on the economic feasibility of behind-the-meter energy storage systems. In this work, we first summarized how electricity customers can benefit from behind-the-meter energy storage systems. In addition, we represented details of the structure that make up the electricity charge discount program, i.e., how the electricity charge is discounted through the discount scheme. An optimization problem that establishes a charge and discharge schedule of an energy storage system to minimize each consumer’s electricity expenditure was defined and formulated as well. The case study results indicated that the electricity charge discount program has improved the profitability of behind-the-meter energy storage systems, and this improved profitability led to investment in behind-the-meter energy storage systems in Korea. As a result of the electricity charge discount program, Korea’s domestic demand side energy storage system market size, which was only 27 billion dollars in 2015 in Korea, has grown to 825 billion dollars in 2018.

Techno-Economic Analysis of Micro-Grid Based Photovoltaic/Diesel Generator Hybrid Power System for Rural Electrification in Kerkennah, Tunisia

2020 ◽  
Vol 142 (6) ◽  
Author(s):  
Houda Dardour ◽  
Olfa Chouaieb ◽  
Habib Sammouda
Keyword(s):  
Sensitivity Analysis ◽  
Power Systems ◽  
Power System ◽  
Cost Effective ◽  
Economic Feasibility ◽  
Rural Electrification ◽  
Diesel Generator ◽  
Fuel Price ◽  
Micro Grid ◽  
The Impact

Abstract This paper scrutinizes the techno-economic feasibility of a solar hybrid off-grid power system, in a rural area in Tunisia. Hybrid Optimization of Multiple Energy Resources (homer) is used for the design and the optimization of a hybrid photovoltaic (PV)/diesel power system consisting of photovoltaic panels, a diesel generator, a converter, and a battery bank. A sensitivity analysis is carried out to investigate the impact of the key system parameters such as the average load, the diesel fuel price, and the reliability constraints on the system outputs and performance. Sensitivity analysis is also used to compare different system configurations and to identify thresholds and situations in which one configuration is more cost-effective than another. Three system types are considered: PV/battery, PV/diesel/battery, and diesel/battery. The results showed that beyond a certain load threshold, the hybrid system is the most cost-effective and that micro-grid projects based on hybrid PV/Diesel power systems can be a solution for rural electrification in Tunisia where there is no possibilities for the national electric grid extension.

scholarly journals Exploring Economic Criteria for Energy Storage System Sizing

Energies ◽  
2019 ◽  
Vol 12 (12) ◽  
pp. 2312 ◽  
Author(s):  
Jichun Liu ◽  
Zhengbo Chen ◽  
Yue Xiang
Keyword(s):  
Energy Storage ◽  
Storage System ◽  
Energy Storage System ◽  
Optimal Operation ◽  
Economic Feasibility ◽  
Operation Model ◽  
Economic Criterion ◽  
Hybrid Particle Swarm Optimization ◽  
The Impact ◽  
Economic Criteria

This paper presents two economic criteria for guiding the energy storage system (ESS) sizing in grid-connected microgrids. The internal power output model and the economic operation model of ESS are firstly established. Then, the combination of heuristic adjustment strategy and hybrid particle swarm optimization algorithm are introduced to solve the optimal operation model of ESS. Then according to the ESS life model and cost-benefit analysis, a static investment economic criterion which is easy and simple to be calculated is proposed to demonstrate the economic feasibility of ESS investment programs in the short term. Considering the time value of currency, a dynamic investment economic criterion is proposed later for long-term investment projects. Furthermore, the ESS sizing boundary of achieving profits could be also obtained according to the criteria which can indicate the economic attractiveness or resistance to ESS investors in the microgrid. A case study has verified its effectiveness. At the same time, sensitivity analysis is given to show the impact on key parameters, such as investment unit price and electricity purchase price on ESS investment.

Recent Advances and Need of Green Synthesis in Two-Dimensional Materials for Energy Conversion and Storage Applications

2021 ◽  
Vol 16 ◽  
Author(s):  
Joice Sophia Ponraj ◽  
Muniraj Vignesh Narayanan ◽  
Ranjith Kumar Dharman ◽  
Valanarasu Santiyagu ◽  
Ramalingam Gopal ◽  
...  
Keyword(s):  
Energy Storage ◽  
Green Synthesis ◽  
2D Materials ◽  
Synthesis Method ◽  
Energy Storage And Conversion ◽  
Two Dimensional ◽  
Severe Problem ◽  
Energy Conversion And Storage ◽  
Energy Application ◽  
The Impact

: Increasing energy crisis across the globe requires immediate solutions. Two-dimensional (2D) materials are in great significance because of its application in energy storage and conversion devices but the production process significantly impacts the environment thereby posing a severe problem in the field of pollution control. Green synthesis method provides an eminent way of reduction in pollutants. This article reviews the importance of green synthesis in the energy application sector. The focus of 2D materials like graphene, MoS2, VS2 in energy storage and conversion devices are emphasized based on supporting recent reports. The emerging Li-ion batteries are widely reviewed along with their promising alternatives like Zn, Na, Mg batteries and are featured in detail. The impact of green methods in the energy application field are outlined. Moreover, future outlook in the energy sector is envisioned by proposing an increase in 2D elemental materials research.

The Impact of Emerging Technologies on the Law of Armed Conflict

2019 ◽  
Keyword(s):  
Armed Conflict ◽  
New Technologies ◽  
Emerging Technologies ◽  
Legal Issues ◽  
Technological Advancement ◽  
Law Of Armed Conflict ◽  
Legal Challenges ◽  
Challenges And Opportunities ◽  
The Law ◽  
The Impact

Emerging technologies have always played an important role in armed conflict. From the crossbow to cyber capabilities, technology that could be weaponized to create an advantage over an adversary has inevitably found its way into military arsenals for use in armed conflict. The weaponization of emerging technologies, however, raises challenging legal issues with respect to the law of armed conflict. As States continue to develop and exploit new technologies, how will the law of armed conflict address the use of these technologies on the battlefield? Is existing law sufficient to regulate new technologies, such as cyber capabilities, autonomous weapons systems, and artificial intelligence? Have emerging technologies fundamentally altered the way we should understand concepts such as law-of-war precautions and the principle of distinction? How can we ensure compliance and accountability in light of technological advancement? This book explores these critical questions while highlighting the legal challenges—and opportunities—presented by the use of emerging technologies on the battlefield.

Fiber-reinforced Monolithic Supercapacitor with Interdigitated Interfaces

2021 ◽  
Author(s):  
Fanshu Yuan ◽  
Devashish Salpekar ◽  
Abhijit Baburaj ◽  
Anand B. Puthirath ◽  
Sakib Hassan ◽  
...  
Keyword(s):  
Energy Storage ◽  
Emerging Technologies ◽  
Fiber Reinforced ◽  
Distributed Energy ◽  
Power Devices ◽  
Structural Power ◽  
Distributed Energy Storage ◽  
Essential Components ◽  
Storage Networks

Supercapacitors will serve as essential components of distributed energy storage networks and structural power devices in many emerging technologies. Current supercapacitors are engineered, however, using ‘sandwich’ architecture that undermines their...

scholarly journals Integrated Mechanistic Engineering Models and Macroeconomic Input-Output approach to Model Physical Economy for Evaluating the Impact of transition to Circular Economy

2021 ◽  
Author(s):  
Venkata Sai Gargeya Vunnava ◽  
Shweta Singh
Keyword(s):  
Circular Economy ◽  
Emerging Technologies ◽  
Low Carbon ◽  
Input Output ◽  
Zero Waste ◽  
Engineering Models ◽  
The Impact ◽  
Sustainable Transition

Sustainable transition to low carbon and zero waste economy requires a macroscopic evaluation of opportunities and impact of adopting emerging technologies in a region. However, a full assessment of current...

scholarly journals Controlled Nanostructuration of Cobalt Oxyhydroxide Electrode Material for Hybrid Supercapacitors

Materials ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2325
Author(s):  
Ronan Invernizzi ◽  
Liliane Guerlou-Demourgues ◽  
François Weill ◽  
Alexia Lemoine ◽  
Marie-Anne Dourges ◽  
...  
Keyword(s):  
Ionic Liquid ◽  
Ionic Liquids ◽  
Energy Storage ◽  
Specific Surface ◽  
Electrode Materials ◽  
Specific Capacity ◽  
Hybrid Supercapacitors ◽  
Cobalt Oxyhydroxide ◽  
Precipitation Medium ◽  
The Impact

Nanostructuration is one of the most promising strategies to develop performant electrode materials for energy storage devices, such as hybrid supercapacitors. In this work, we studied the influence of precipitation medium and the use of a series of 1-alkyl-3-methylimidazolium bromide ionic liquids for the nanostructuration of β(III) cobalt oxyhydroxides. Then, the effect of the nanostructuration and the impact of the different ionic liquids used during synthesis were investigated in terms of energy storage performances. First, we demonstrated that forward precipitation, in a cobalt-rich medium, leads to smaller particles with higher specific surface areas (SSA) and an enhanced mesoporosity. Introduction of ionic liquids (ILs) in the precipitation medium further strongly increased the specific surface area and the mesoporosity to achieve well-nanostructured materials with a very high SSA of 265 m2/g and porosity of 0.43 cm3/g. Additionally, we showed that ILs used as surfactant and template also functionalize the nanomaterial surface, leading to a beneficial synergy between the highly ionic conductive IL and the cobalt oxyhydroxide, which lowers the resistance charge transfer and improves the specific capacity. The nature of the ionic liquid had an important influence on the final electrochemical properties and the best performances were reached with the ionic liquid containing the longest alkyl chain.

scholarly journals The Impact of Energy Storage along with the Allocation of RES on the Reduction of Energy Costs Using MILP

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3783
Author(s):  
Mateusz Andrychowicz
Keyword(s):  
Energy Storage ◽  
Mixed Integer Linear Programming ◽  
Distribution Systems ◽  
Operating Costs ◽  
Mixed Integer ◽  
Energy Costs ◽  
Power Exchange ◽  
Local Initiatives ◽  
One Year ◽  
The Impact

The paper shows a method of optimizing local initiatives in the energy sector, such as energy cooperatives and energy clusters. The aim of optimization is to determine the structure of generation sources and energy storage in order to minimize energy costs. The analysis is carried out for the time horizon of one year, with an hourly increment, taking into account various RES (wind turbines (WT), photovoltaic installations (PV), and biogas power plant (BG)) and loads (residential, commercial, and industrial). Generation sources and loads are characterized by generation/demand profiles in order to take into account their variability. The optimization was carried out taking into account the technical aspects of the operation of distribution systems, such as power flows and losses, voltage levels in nodes, and power exchange with the transmission system, and economic aspects, such as capital and fixed and variable operating costs. The method was calculated by sixteen simulation scenarios using Mixed-Integer Linear Programming (MILP).

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