Economic analysis of distributed solar photovoltaics with reused electric vehicle batteries as energy storage systems in China

Bai, Bo; Xiong, Siqin; Song, Bo; Ma, Xiaoming

doi:10.1016/j.rser.2019.03.048

Cited by 81 publications

(35 citation statements)

References 61 publications

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“…Earlier research projects have shown the feasibility of second use batteries as stationary BESS. B. Bai et al [133] give an overview of the economic performance of different BESSs in combination with photovoltaic systems to increase self-consumption. The second use of EV batteries has been the subject of an EU Joint Research Centre (JRC) Technical Report [134].…”

Section: Economic Barriersmentioning

confidence: 99%

Stationary, Second Use Battery Energy Storage Systems and Their Applications: A Research Review

Faessler

2021

Energies

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The global demand for electricity is rising due to the increased electrification of multiple sectors of economic activity and an increased focus on sustainable consumption. Simultaneously, the share of cleaner electricity generated by transient, renewable sources such as wind and solar energy is increasing. This has made additional buffer capacities for electrical grids necessary. Battery energy storage systems have been investigated as storage solutions due to their responsiveness, efficiency, and scalability. Storage systems based on the second use of discarded electric vehicle batteries have been identified as cost-efficient and sustainable alternatives to first use battery storage systems. Large quantities of such batteries with a variety of capacities and chemistries are expected to be available in the future, as electric vehicles are more widely adopted. These batteries usually still possess about 80% of their initial capacity and can be used in storage solutions for high-energy as well as high-power applications, and even hybrid solutions encompassing both. There is, however, no holistic review of current research on this topic. This paper first identifies the potential applications for second use battery energy storage systems making use of decommissioned electric vehicle batteries and the resulting sustainability gains. Subsequently, it reviews ongoing research on second use battery energy storage systems within Europe and compares it to similar activities outside Europe. This review indicates that research in Europe focuses mostly on “behind-the-meter” applications such as minimising the export of self-generated electricity. Asian countries, especially China, use spent batteries for stationary as well as for mobile applications. In developing countries, off-grid applications dominate. Furthermore, the paper identifies economic, environmental, technological, and regulatory obstacles to the incorporation of repurposed batteries in second use battery energy storage systems and lists the developments needed to allow their future uptake. This review thus outlines the technological state-of-the-art and identifies areas of future research on second use battery energy storage systems.

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Section: Economic Barriersmentioning

confidence: 99%

Stationary, Second Use Battery Energy Storage Systems and Their Applications: A Research Review

Faessler

2021

Energies

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“…Considerando uma redução de preço do OPV, os sistemas com baterias e OPV são mais lucrativos que os sistemas com somente OPV quando o custo do OPV é no máximo 0,9 euro/Wp e 1,6 euro/Wp, respectivamente, para a Dinamarca e a Grécia. Bai et al (2019) apresentam uma análise econômica de baterias de veículos elétricos de segunda vida combinadas com painéis fotovoltaicos para muitas províncias da China, considerando os setores residencial, comercial e industrial. O VPL é calculado considerando um projeto de vida útil de 30 anos.…”

Section: Trabalhos Relacionadosunclassified

Avaliação financeira de um projeto de casa inteligente para uma residência no Ceará

Dutra

2021

Exacta

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Casas inteligentes são uma tendência mundial. Elas permitem o uso otimizado de energia, permitindo que as famílias reduzam as contas de eletricidade ou até lucrem. O número de residências inteligentes nos EUA e no Reino Unido atingiu 40,3 milhões e 5,3 milhões, respectivamente, em 2018. Até 2024, 53,1% de todos os lares nos EUA e 39% no Reino Unido são esperados a se tornarem residências inteligentes. No entanto, no Brasil, existem apenas 1,2 milhão de residências inteligentes registradas em 2018. Embora as residências inteligentes pareçam ser o futuro das residências, muitos clientes têm a percepção de que a transição das residências atuais para as residenciais inteligentes não é lucrativa devido ao investimento inicial necessário e o risco de não haver retorno para cobrir esse investimento. Este artigo propõe um estudo de caso com o objetivo de avaliar a rentabilidade de muitos projetos de implementação de casas inteligentes para uma determinada casa no Ceará. Com foco na maximização do valor presente líquido, os resultados indicam o conjunto de eletrodomésticos / tecnologias que devem ser adquiridos para que o investimento feito pelo agregado familiar tenha um retorno financeiro positivo.

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“…Variable O&M cost is not considered in the following analysis. The life cycle and safety of LiFePO4 are higher, and it is more prevalent in the secondary use market [41]. Therefore, LiFePO4 batteries are the research object in the following analysis.…”

Section: Economic Parametersmentioning

confidence: 99%

Economic analysis for centralized battery energy storage system with reused battery from EV in Australia

Meng

2021

E3S Web Conf.

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With battery energy storage technology development, the centralized battery energy storage system (CBESS) has a broad prospect in developing electricity. In the meantime, the retired lithium-ion batteries from electric vehicles (EV) offer a new option for battery energy storage systems (BESS). This paper studies the centralized reused battery energy storage system (CRBESS) in South Australia by replacing the new lithium-ion batteries with lithium-ion second-life batteries (SLB) and evaluating the economic benefits with economic indicators as net present value (NPV), discounted payback period (DPBP), Internal rate of return (IRR) to depict a comprehensive understanding of the development potential of the CRBESS with the lithium-ion SLB as the energy storage system. This paper proposes a calculation method of frequency control ancillary services (FCAS) revenue referring to market share rate (MSR) when building the economic model. Moreover, the residual value of lithium-ion batteries is considered. This paper uses the economic model to calculate the profitability and development potential of CRBESS. From an economic perspective, the superiority and feasibility of CRBESS compared with CBESS were analyzed.

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Economic analysis of distributed solar photovoltaics with reused electric vehicle batteries as energy storage systems in China

Cited by 81 publications

References 61 publications

Stationary, Second Use Battery Energy Storage Systems and Their Applications: A Research Review

Stationary, Second Use Battery Energy Storage Systems and Their Applications: A Research Review

Avaliação financeira de um projeto de casa inteligente para uma residência no Ceará

Economic analysis for centralized battery energy storage system with reused battery from EV in Australia

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