Economics of batteries for medium- and large-scale energy storage
S. Corcuera; J. Estornés; C. Menictas University of New South Wales, Sydney, NSW, Australia
Abstract
Technical and financial evaluations are important in assessing the feasibility and commercial applicability of energy storage technologies in integrated power systems. There are a number of available renewable energy component modeling software packages such as PVSyst and OpenWind, together with integrated power system modeling programs, including SimPowerSystem and HOMER Micropower Optimization software. This chapter discusses the technical and financial benefit of integrating a lead-acid and vanadium redox battery into off-grid power systems using one of the models, ...
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