Economic analysis for demand-side hybrid photovoltaic and battery energy storage system

Wei Fu Su, Shyh Jier Huang

Research output: Contribution to journalArticlepeer-review

51 Citations (Scopus)

Abstract

This paper examines the cost analysis of a hybrid photovoltaic and battery energy storage system (PV-BESS) for demand-side applications in southern Taiwan, R.O.C. The forms of input data and output data for three different investment plans are proposed and discussed. A sensitivity analysis to understand those affecting parameters to the investment is also investigated. The analysis results can support the users with a tradeoff among economic, operational and environmental factors. This paper establishes a potential and practical tool for cost analysis of most energy conversion applications.

Original languageEnglish
Pages (from-to)171-177
Number of pages7
JournalIEEE Transactions on Industry Applications
Volume37
Issue number1
DOIs
Publication statusPublished - 2001 Jan 1

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering
  • Electrical and Electronic Engineering

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