A model for the estimation of the cost of use of Li-Ion batteries in residential storage applications integrated with PV panels

Author

Karanasios, Evripidis ; Ampatzis, Michail ; Nguyen, P.H. ; Kling, W.L. ; van Zwam, Arno

Author_Institution

Electr. Eng. Dept., Electr. Energy Syst. Group, Tech. Univ. of Eindhoven, Eindhoven, Netherlands

fYear

2014

fDate

2-5 Sept. 2014

Firstpage

1

Lastpage

6

Abstract

The increasing penetration of intermittent Renewable Energy Sources (RES) such as PV generators in the residential distribution grid raises technical concerns. Residential energy storage is an enabling technology for mitigating the adverse effects of the increasing RES penetration and provides the necessary flexibility for its owner to participate in electricity markets or in market-based control schemes. This paper presents a model for calculating the “cost of use” for Li-Ion batteries. The cost of use depends on the usage pattern of the battery, indicated by the Depth of Discharge (DoD). Knowledge of the “cost of use” is needed for the economic optimization of the PV-storage system and the bid formulation in the electricity market.

Keywords

costing; photovoltaic power systems; power generation economics; power markets; secondary cells; depth of discharge; electricity markets; lithium-ion battery cost of use; market based control; photovoltaic panels; residential storage application; Aging; Batteries; Discharges (electric); Electricity; Equations; Mathematical model; US Department of Defense; Cost of Use; Li-Ion Battery; Renewable Energy Sources; Residential Storage;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Conference (UPEC), 2014 49th International Universities

Conference_Location

Cluj-Napoca

Print_ISBN

978-1-4799-6556-4

Type

conf

DOI

10.1109/UPEC.2014.6934739

Filename

6934739