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

Su, Wei-Fu; Huang, Shyh-Jier; Lin, Chin‐Tarng

doi:10.1109/28.903143

Cited by 43 publications

(7 citation statements)

References 12 publications

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“…In [38], cost benefits of a hybrid PV-BESS in an isolated system have been studied by considering load, utility, battery and PV data and characteristics. However, there are several important factors which have not been taken into account; including: power quality, protection, reliability and security and SOC/DOD.…”

Section: Energy Storage Applications In Power Systemsmentioning

confidence: 99%

Energy storage planning in distribution systems considering life-cycling-usage relationship

Hajia¹

2021

Preprint

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Asset expansion planning in Distribution System is important and should be expanded to consider utility scale energy storage systems such as batteries, flywheels, compressed air, thermal, etc. Battery Energy Storage Systems (BESS) are maturing for utility scale applications and are considered in this thesis for asset planning exercise. Unlike other electromechanical assets such as generators, transformers, motors, feeders, distribution lines, etc., usage parameters such as number of storage cycles and depth of discharge have a dramatic nonlinear effect on the life of Battery Energy Storage Systems. Hence, in the optimal asset planning formulation of electric power distribution systems considering BESS, it is imperative to include their relationship between life in years, number of storage cycles and extent of usage in terms of depth of discharge. A new optimal asset expansion planning formulation and algorithm for distribution systems is developed and presented in this thesis that considers (1) new sources of energy supply, and (2) BESS, while modeling nonlinear relationship life-cycling-usage of BESS. The formulation aims to minimize annualized cost of the optimal expansion plan while satisfying forecasted demand and other distribution system service requirements. The proposed method in this thesis is then used to develop optimal expansion plans for a 6-bus synthetic system and an IEEE 33-bus distribution network. The results show the effect of considering the life-cycling-usage relationship of BESS on optimal asset expansion plans. Further, using sensitivity analysis, the effect of ratio off-peak load to peak load on total asset costs are analyzed and reported.

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Section: Energy Storage Applications In Power Systemsmentioning

confidence: 99%

Energy storage planning in distribution systems considering life-cycling-usage relationship

Hajia¹

2021

Preprint

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“…The problem with using solar panels is the dependence on appropriate environmental conditions: cloudy days reduce production, reduced production in autumn and winter, and location (in northern Europe, on average, about 50 W/m 2 can be obtained annually) [27]. In the case of pumping stations in rural areas or with high instability of electricity production from panels, solutions can be sought in PV+BESS systems [28]. PV installations are also subject to optimization, e.g., numerical methods to obtain the highest efficiency of energy acquisition [29].…”

Section: Introductionmentioning

confidence: 99%

Analysis of the Use of the PV Installation in the Power Supply of the Water Pumping Station

Średziński

Świętochowska²,

Świętochowski³

et al. 2022

Energies

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Delivering water to consumers uses a lot of electricity. In the era of limited fossil fuel resources, we are increasingly looking at the possibilities of using renewable energy sources to power residential buildings or industries. The research aimed to analyze the potential of producing electricity from photovoltaic panels, ensuring electricity supplies for pumping water, and reducing costs. The tests were carried out using the existing photovoltaic (PV) installation with a capacity of 12.3 kW connected to the installation monitoring the production of electricity and monitoring the water-pumping station (WPS). An analysis of the daily electricity production from the PV installation, an analysis of the settlement unit’s demand for water, and an analysis of the costs of pumping water, including the unit cost of pumping 1 m3 of water, were carried out. Studies have shown the possibility of reducing water-pumping costs by more than 77.8% after a PV installation. The tested installation provided 100% of the electricity necessary for WPS for 167 days a year.

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“…Such hybrid design helps alleviate the influences of intermittency in the PV energy systems, and offers many benefits for the owners of PV system, customers, and utilities. Many researchers have devoted their efforts to this interesting topic [18][19][20][25][26][27][28][29][30][31]. A hybrid PV-BESS has been evolved for applications of load demand-side to improve the efficiency of the electrical system [25,26].…”

Section: Introductionmentioning

confidence: 99%

“…Many researchers have devoted their efforts to this interesting topic [18][19][20][25][26][27][28][29][30][31]. A hybrid PV-BESS has been evolved for applications of load demand-side to improve the efficiency of the electrical system [25,26]. In [27], authors have proposed an optimal BESS charging and discharging schedule in a PV grid-connected system for shaving of peak demand.…”

Section: Introductionmentioning

confidence: 99%

Optimal Incorporation of Photovoltaic Energy and Battery Energy Storage Systems in Distribution Networks Considering Uncertainties of Demand and Generation

et al. 2021

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In this paper, the Archimedes optimization algorithm (AOA) is applied as a recent metaheuristic optimization algorithm to reduce energy losses and capture the size of incorporating a battery energy storage system (BESS) and photovoltaics (PV) within a distribution system. AOA is designed with revelation from Archimedes’ principle, an impressive physics law. AOA mimics the attitude of buoyant force applied upward on an object, partially or entirely dipped in liquid, which is relative to the weight of the dislodged liquid. Furthermore, the developed algorithm is evolved for sizing several PVs and BESSs considering the changing demand over time and the probability generation. The studied IEEE 69-bus distribution network system has different types of the load, such as residential, industrial, and commercial loads. The simulation results indicate the robustness of the proposed algorithm for computing the best size of multiple PVs and BESSs with a significant reduction in the power system losses. Additionally, the AOA algorithm has an efficient balancing between the exploration and exploitation phases to avoid the local solutions and go to the best global solutions, compared with other studied algorithms.

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

Cited by 43 publications

References 12 publications

Energy storage planning in distribution systems considering life-cycling-usage relationship

Energy storage planning in distribution systems considering life-cycling-usage relationship

Analysis of the Use of the PV Installation in the Power Supply of the Water Pumping Station

Optimal Incorporation of Photovoltaic Energy and Battery Energy Storage Systems in Distribution Networks Considering Uncertainties of Demand and Generation

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