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Methodology for assessing viability of energy storage system for buildings

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  • Koh, Siong Lee
  • Lim, Yun Seng

Abstract

The viability of energy storage systems is evaluated from technical, cost and emission reduction perspective in this paper. With the rising penetration rate of renewable energy sources, ESS (energy storage systems) are widely researched on the ability to overcome the mismatch of generation and load profiles. This research develops a methodology to assess the financial benefits of ESS connected to conventional power systems in reducing the load variability. These include reduced network losses, increased plant factor, reduced system costs, deferment of network upgrade, improved power system stability and improved power quality. These factors are weighted against the additional cost of ESS. The methodology is applied in a case study based on the electrical load collected from a building, with a peak load of 736 kW and load factor of 0.371. From the results, ESS is found to be effective to reduce the overall cost of the system. A large portion of the saving is obtained by the power operator when ESS is installed by the customer. In order to incentivize the building owner to install ESS, these savings need to be shared with the building owner.

Suggested Citation

  • Koh, Siong Lee & Lim, Yun Seng, 2016. "Methodology for assessing viability of energy storage system for buildings," Energy, Elsevier, vol. 101(C), pages 519-531.
    • Handle: RePEc:eee:energy:v:101:y:2016:i:c:p:519-531
    DOI: 10.1016/j.energy.2016.02.047
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    2. Pimm, Andrew J. & Cockerill, Tim T. & Taylor, Peter G. & Bastiaans, Jan, 2017. "The value of electricity storage to large enterprises: A case study on Lancaster University," Energy, Elsevier, vol. 128(C), pages 378-393.
    3. Thompson, Andrew W. & Perez, Yannick, 2020. "Vehicle-to-Everything (V2X) energy services, value streams, and regulatory policy implications," Energy Policy, Elsevier, vol. 137(C).
    4. Mukhopadhyay, Bineeta & Das, Debapriya, 2020. "Multi-objective dynamic and static reconfiguration with optimized allocation of PV-DG and battery energy storage system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 124(C).
    5. Luis Gabriel Gesteira & Javier Uche & Natalia Dejo-Oricain, 2022. "A Polygeneration System Based on Desiccant Air Conditioning Coupled with an Electrical Storage," Sustainability, MDPI, vol. 14(23), pages 1-15, November.

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