Battery Energy Storage Sizing When Time of Use Pricing Is Applied
Battery energy storage systems (BESSs) are considered a key device to be introduced to actuate the smart grid paradigm. However, the most critical aspect related to the use of such device is its economic feasibility as it is a still developing technology characterized by high costs and limited life...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2014-01-01
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| Series: | The Scientific World Journal |
| Online Access: | http://dx.doi.org/10.1155/2014/906284 |
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| _version_ | 1841524491333664768 |
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| author | Guido Carpinelli Shahab Khormali Fabio Mottola Daniela Proto |
| author_facet | Guido Carpinelli Shahab Khormali Fabio Mottola Daniela Proto |
| author_sort | Guido Carpinelli |
| collection | DOAJ |
| description | Battery energy storage systems (BESSs) are considered a key device to be introduced to actuate the smart grid paradigm. However, the most critical aspect related to the use of such device is its economic feasibility as it is a still developing technology characterized by high costs and limited life duration. Particularly, the sizing of BESSs must be performed in an optimized way in order to maximize the benefits related to their use. This paper presents a simple and quick closed form procedure for the sizing of BESSs in residential and industrial applications when time-of-use tariff schemes are applied. A sensitivity analysis is also performed to consider different perspectives in terms of life span and future costs. |
| format | Article |
| id | doaj-art-ceabf33d3d3b4e26a2379dc67cb06ee6 |
| institution | Kabale University |
| issn | 2356-6140 1537-744X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | The Scientific World Journal |
| spelling | doaj-art-ceabf33d3d3b4e26a2379dc67cb06ee62025-02-03T05:53:06ZengWileyThe Scientific World Journal2356-61401537-744X2014-01-01201410.1155/2014/906284906284Battery Energy Storage Sizing When Time of Use Pricing Is AppliedGuido Carpinelli0Shahab Khormali1Fabio Mottola2Daniela Proto3Department of Electrical Engineering and Information Technology, University of Naples Federico II, Via Claudio, No. 21, 80125 Napoli, ItalyDepartment of Electrical Engineering and Information Technology, University of Naples Federico II, Via Claudio, No. 21, 80125 Napoli, ItalyDepartment of Electrical Engineering and Information Technology, University of Naples Federico II, Via Claudio, No. 21, 80125 Napoli, ItalyDepartment of Industrial and Information Engineering, Second University of Naples, Via Roma 29, 81031 Aversa, ItalyBattery energy storage systems (BESSs) are considered a key device to be introduced to actuate the smart grid paradigm. However, the most critical aspect related to the use of such device is its economic feasibility as it is a still developing technology characterized by high costs and limited life duration. Particularly, the sizing of BESSs must be performed in an optimized way in order to maximize the benefits related to their use. This paper presents a simple and quick closed form procedure for the sizing of BESSs in residential and industrial applications when time-of-use tariff schemes are applied. A sensitivity analysis is also performed to consider different perspectives in terms of life span and future costs.http://dx.doi.org/10.1155/2014/906284 |
| spellingShingle | Guido Carpinelli Shahab Khormali Fabio Mottola Daniela Proto Battery Energy Storage Sizing When Time of Use Pricing Is Applied The Scientific World Journal |
| title | Battery Energy Storage Sizing When Time of Use Pricing Is Applied |
| title_full | Battery Energy Storage Sizing When Time of Use Pricing Is Applied |
| title_fullStr | Battery Energy Storage Sizing When Time of Use Pricing Is Applied |
| title_full_unstemmed | Battery Energy Storage Sizing When Time of Use Pricing Is Applied |
| title_short | Battery Energy Storage Sizing When Time of Use Pricing Is Applied |
| title_sort | battery energy storage sizing when time of use pricing is applied |
| url | http://dx.doi.org/10.1155/2014/906284 |
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