Title :
Economic analysis for demand-side hybrid photovoltaic and battery energy storage system
Author :
Su, Wei-Fu ; Lin, Chin-E ; Huang, S.J.
Author_Institution :
Dept. of Electr. Eng., Nat. Cheng Kung Univ., Tainan, Taiwan
Abstract :
This paper examines the cost analysis of a hybrid photovoltaic and battery energy storage system (PV-BESS) for demand-side applications in Southern Taiwan. The forms of input data and output data for three different invest plans are proposed and discussed. A sensitivity analysis to understand those affecting parameters to the investment is also investigated. The analysis results can support the users with a trade-off among economic, operational and environmental factors. This paper establishes a potential and practical tool for cost analysis of most energy conversion applications
Keywords :
battery storage plants; costing; environmental factors; investment; photovoltaic power systems; power generation economics; sensitivity analysis; cost analysis; demand-side applications; demand-side hybrid PV/battery energy storage system; economic analysis; economic factors; energy conversion applications; environmental factors; investment; operational factors; sensitivity analysis; Batteries; Costs; Energy storage; Environmental economics; Environmental factors; Investments; Photovoltaic systems; Power generation economics; Sensitivity analysis; Solar power generation;
Conference_Titel :
Industry Applications Conference, 1999. Thirty-Fourth IAS Annual Meeting. Conference Record of the 1999 IEEE
Conference_Location :
Phoenix, AZ
Print_ISBN :
0-7803-5589-X
DOI :
10.1109/IAS.1999.806018
