Vol.119, No.4, 2022, pp.1569-1586, doi:10.32604/ee.2022.019488
OPEN ACCESS
ARTICLE
Typical Application Scenarios and Economic Benefit Evaluation Methods of Battery Energy Storage System
  • Ming Zeng1,2, Haibin Cao1, Ting Pan1,2,*, Pinduan Hu1,2, 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:
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.
Keywords
Battery energy storage system; application scenarios; economic benefit evaluation; sensitivity analysis
Cite This Article
Zeng, M., Cao, H., Pan, T., Hu, P., Tian, S. et al. (2022). Typical Application Scenarios and Economic Benefit Evaluation Methods of Battery Energy Storage System. Energy Engineering, 119(4), 1569–1586.
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