Loading... The recent advances in battery technology and reductions in battery costs have brought battery energy storage systems (BESS) to the point of becoming increasingly cost-.
Such operational challenges are minimized by the incorporation of the energy storage system, which plays an important role in improving the stability and the reliability of the grid. This study provides the review of the state-of-the-art in the literature on the economic analysis of battery energy storage systems.
This study integrates both the economic evaluation of storage with parameters generated from testing the batteries under the scenario used to construct the revenues and demonstrates the importance of an application-based battery evaluation to grid-scale revenue prediction.
Current researches on battery economy for EESs are conducted mainly by the means that investment and income were simply calculated by empirical semi-quantitative formulas and parameters and then analysis the advantages and disadvantages for various batteries [17, 20, 39, 40].
To the disappointment, it is difficult for any single battery to satisfy both the technical and economic requirements for ESSs. A balance always exists between technical parameter and economic ones.
In this situation, the development of efficient and convenient grid energy storage technology to meet the clean energy needs of human beings has become a worldwide research hotspot . Battery energy storage system (BESS) is suitable for grid systems containing renewable energy sources .