Economic Feasibility of Echelon Utilization Battery in Photovoltaic Energy Storage

Abstract

Taking the power load of an industrial park in Shanghai as an example in this paper, particle swarm optimization and cost-benefit model are employed to analyse the economy of new lithium-ion batteries, echelon lithium-ion batteries and lead-carbon batteries in photovoltaic energy storage systems in the whole life cycle. The research results showed that the economic order from large to small among different batteries in the photovoltaic energy storage system was new lithium-ion battery, echelon utilization lithium-ion battery and lead-carbon battery. The declines in energy storage cost and discount rate and the rise in peak electricity price can greatly improve the net present value of a photovoltaic-energy storage system (PV-BES) system.