Economic analysis for demand-side hybrid photovoltaic and battery energy storage system

This paper examines the cost analysis of a hybrid photovoltaic and battery energy storage system (PV-BESS) for demand-side applications in southern Taiwan, R.O.C. The forms of input data and output data for three different investment plans are proposed and discussed. A sensitivity analysis to unders...

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Bibliographic Details
Published inIEEE transactions on industry applications Vol. 37; no. 1; pp. 171 - 177
Main Authors Su, Wei-Fu, Huang, Shyh-Jier, Lin, Chin-E
Format Journal Article
LanguageEnglish
Published New York IEEE 01.01.2001
The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects
Batteries
Battery
Costs
Economic analysis
Electric batteries
Energy storage
Environmental economics
Environmental factors
Financing
Investment
Investments
Photovoltaic cells
Photovoltaic systems
Power generation economics
Sensitivity analysis
Solar cells
Solar power generation
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Summary:This paper examines the cost analysis of a hybrid photovoltaic and battery energy storage system (PV-BESS) for demand-side applications in southern Taiwan, R.O.C. The forms of input data and output data for three different investment 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 tradeoff among economic, operational and environmental factors. This paper establishes a potential and practical tool for cost analysis of most energy conversion applications.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:0093-9994
1939-9367
DOI:10.1109/28.903143