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

Volume

3

fYear

1999

fDate

1999

Firstpage

2051

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Industry Applications Conference, 1999. Thirty-Fourth IAS Annual Meeting. Conference Record of the 1999 IEEE

Conference_Location

Phoenix, AZ

ISSN

0197-2618

Print_ISBN

0-7803-5589-X

Type

conf

DOI

10.1109/IAS.1999.806018

Filename

806018