Abstract

The economic profit of investment in energy storage systems are investigated with a regional-type grid as the research object. Firstly, the economic operation model of power supply and Energy Storage System (ESS) within the local grid is established, and the optimization model is solved by using hybrid particle swarm algorithm based on heuristic adjustment strategy. In order to reasonably assess the feasibility of the investment scheme, the equivalent net benefit method is designed to discount the economic benefits and investment costs of the ESS to a dispatch cycle based on the discount rate of life of the ESS and cost-benefit analysis. The algorithm gives the equilibrium return mean value point of ESS investment and performs a sensitivity analysis for the impact of investment unit price and price of electricity purchasing on the investment in ESS.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.