Optimal Method of Energy Storage Configuration Considering Operation and Penalty Cost

Abstract:

An evaluating method for lifetime degradation degree of battery energy storage system (BESS) is proposed in this paper. Base on the method, relationships among capacity and degradation degree of lifetime of BESS, unmet reference power are analyzed. An evaluation index is then proposed considering operation cost of energy storage and penalty cost for failing to meet the reference power. Lastly, an optimal method for capacity configuration is developed and is verified in the study case.

• Periodical: Applied Mechanics and Materials (Volumes 672-674)
• Pages: 529-532
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.672-674.529
• Online since: October 2014
• Authors: Jun Hui Li*, Xi Chao Feng, Xin Zhen Cui, Gang Mu, Wei Hua Luo
• Keywords: Energy Storage, Lifetime of BESS, Optimal Capacity, Penalty Cost, Wind Power

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