Open Access

ARTICLE

Typical Application Scenarios and Economic Benefit Evaluation Methods of Battery Energy Storage System

Ming Zeng^1,2, Haibin Cao¹, Ting Pan^1,2,*, Pinduan Hu^1,2, Shi Tian¹, Lijun Zhong³, Zhi Ling⁴

1 School of Economics and Management, North China Electric Power University, Beijing, 102206, China
2 State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, North China Electric Power University, Beijing, 102206, China
3 Jiaxing Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Hangzhou, 310000, China
4 State Grid Zhejiang Electric Power Co., Ltd., Hangzhou, 310000, China

* Corresponding Author: Ting Pan. Email:

Energy Engineering 2022, 119(4), 1569-1586. https://doi.org/10.32604/ee.2022.019488

Received 27 September 2021; Accepted 28 February 2022; Issue published 23 May 2022

Abstract

Energy storage system is an important means to improve the flexibility and safety of traditional power system, but it has the problem of high cost and unclear value recovery path. In this paper, the typical application scenarios of energy storage system are summarized and analyzed from the perspectives of user side, power grid side and power generation side. Based on the typical application scenarios, the economic benefit assessment framework of energy storage system including value, time and efficiency indicators is proposed. Typical battery energy storage projects are selected for economic benefit calculation according to different scenarios, and key factors are selected for sensitivity analysis. Finally, the key factors affecting economic benefit of the energy storage system are analyzed.

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Keywords

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