Economic Analysis of Li-Ion Battery Energy Storage System
Date
2020-03-05
Authors
Preciado, David
Petterson, Pham
Subburaj, Anitha S.
Subburaj, Vinitha Hannah
Journal Title
Journal ISSN
Volume Title
Publisher
WTAMU Cornette Library
Abstract
Battery energy storage systems (BESS) serve as vital elements in deploying renewable energy sources into electrical grids in addition to enhancing the transient dynamics of those power grids. Application Program is developed to simulate outputs for the optimal action to take place.
Description
Perform cost-benefit analysis for operators of grid-connected battery energy storage systems integrated with a renewable energy source. The analysis resulted in the optimal timing of operations to maximize profit and minimize losses.