Sizing guidelines for grid‐connected decentralised energy storage systems: single house application

Panagiotou, Konstantina; Klumpner, Christian; Sumner, Mark

doi:10.1049/joe.2018.8155

Cited by 4 publications

(2 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…(8), the obtained capacity is 7.8 kWh, with an error of -2.5%. In [10], a household with an average daily consumption of 3.5 kWh and 3.8 kW PV required a BESS of 2 kWh. According to Eq.…”

Section: Bess Sizing Resultsmentioning

confidence: 99%

“…In [9], a residential BESS sizing approach is proposed to maximize the net present value at the end of BESS lifetime in presence of PV for two tariff structures. Economic analysis for the installations of residential BESS equipped with PV can be found in [10]. The profitability of second use EV batteries for domestic applications was demonstrated in [11].…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Residential Battery Energy Storage Sizing and Profitability in the Presence of PV and EV

Mohamed

Best

Liu

et al. 2021

2021 IEEE Madrid PowerTech

View full text Add to dashboard Cite

Residential battery energy storage systems (BESS) are having an important role in transitioning towards low carbon communities. However, BESS capital cost remains questionable. In this work, an optimization-based BESS sizing algorithm is developed to maximize the customer's profitability by minimizing the electricity import for 162 combinations of demand, solar photovoltaic (PV) and electric vehicle (EV). The sizing algorithm results are utilized in introducing empirical formulas that ease the determination of the near-optimal BESS capacity. The annual savings are quantified for various cases under different tariff rates and the BESS viability is investigated for new installations over the next 10 years. The results show that the residential BESS can be profitable in the UK starting from 2024 without any subsidy for the time of use tariffs.

show abstract

“…(8), the obtained capacity is 7.8 kWh, with an error of -2.5%. In [10], a household with an average daily consumption of 3.5 kWh and 3.8 kW PV required a BESS of 2 kWh. According to Eq.…”

Section: Bess Sizing Resultsmentioning

confidence: 99%