Techno-economic and social analysis of energy storage for commercial buildings

Energy Conversion and Management

Volumn 78, Issue , 2014, Pages 125-136

  Yan, Xiaohui ^a,b   Zhang, Xuehui ^a,b   Chen, Haisheng ^a   Xu, Yujie ^a   Tan, Chunqing ^a  

^a INSTITUTE OF ENGINEERING THERMOPHYSICS   (China)

^b UNIVERSITY OF CHINESE ACADEMY OF SCIENCES   (China)

Author keywords

Battery energy storage system; Commercial buildings; Demand analysis; Sensitivity analysis; Social analysis; Techno economic analysis

Indexed keywords

BATTERY ENERGY STORAGE SYSTEMS; COMMERCIAL BUILDING; DEMAND ANALYSIS; SOCIAL ANALYSIS; TECHNO-ECONOMIC ANALYSIS;

EARNINGS; ENERGY STORAGE; GREENHOUSE GASES; INVESTMENTS; LITHIUM BATTERIES; OFFICE BUILDINGS; SENSITIVITY ANALYSIS; SODIUM; SULFUR;

ECONOMIC ANALYSIS;

EID: 84888182310     PISSN: 01968904     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enconman.2013.10.014     Document Type: Article

References (85)

1. International Energy Agency. Word energy outlook 2009; 2010. < http://www.iea.org/textbase/npsum/weo2009sum.pdf >.
2. Levine MD. Energy use in Chinese buildings: views of an outside looking in; 2010. < http://energy.gov/sites/prod/files/piprod/documents/Mark-Levine. pdf >.
3. Tsinghua University Building Energy Research Center Annual report on China building energy efficiency 2009 2010 China Architecture Building Press Beijing (China)
4. A. Purvins, L.T. Papaioannou, and L. Debarberis Application of battery-based storage systems in household-demand smoothening in electricity-distribution grids Energy Convers Manage 65 2013 272 284
5. Y.G. Sun, S.W. Wang, F. Xiao, and D. Gao Peak load shifting control using different cold thermal energy storage facilities in commercial buildings: a review Energy Convers Manage 71 2013 101 114
6. R.Z. Wang, X. Yu, and T.S. Ge The present and future of residential refrigeration, power generation and energy storage Appl Therm Eng 53 2 2013 256 270
7. F.R. Mclarnon, and E.J. Cairns Energy storage Annu Rev Energy 14 1989 241 271
8. J.N. Baker, and A. Collinson Electricity energy storage at the turn of the millennium Power Eng J 13 3 1999 107 112
9. J. Kondoh, I. Ishii, and H. Yamaguchi Electrical energy storage systems for energy networks Energy Convers Manage 41 2000 1863 1874
10. A. Gonzalez-Gil, R. Palacin, and P. Batty Sustainable urban rail systems: strategies and technologies for optimal management of regenerative braking energy Energy Convers Manage 75 2013 374 388
11. M.M. Rajan Singaravel, and S.A. Daniel Studies on battery storage requirment of PV fed wind-driven induction generators Energy Convers Manage 67 2013 34 43
12. H.S. Chen, T.N. Cong, and W. Yang Progress in electricity energy storage system: a critical review Prog Nat Sci 19 3 2009 291 312
13. Swanbarton limited. Status of electrical energy storage systems; 2004. < http://webarchive.nationalarchives.gov.uk/20100919181607/ >< http://www.ensg.gov.uk/assets/dgdti00050.pdf >.
14. EA Technology. Review of electricity energy storage technologies and systems and of their potential for the UK; 2004. < http://webarchive. nationalarchives.gov.uk/20100919181607/ >< http://www.ensg.gov.uk/assets/ dgdti00055.pdf >.
15. W.C. Dobile Electrical energy storage Power Eng J 12 1998 177 181
16. I.B. Weinstock Recent advances in the US department of energy's energy storage technology research and development programs for hybrid electric and electric vehicles J Power Sources 110 22 2002 471 474
17. W.F. Su, S.J. Huang, and C.E. Lin Economic analysis for demand-side hybrid photovoltaic and battery energy storage system IEEE Trans Ind Appl 37 1 2001 2051 2057
18. J.T. Alt, M.D. Aaderson, and R.G. Jungst Assessment of utility side cost saving from battery energy storage IEEE Trans Power Syst 12 3 1997 1112 1120 (Pubitemid 127771485)
19. M. Koot, J.T.B.A. Kessels, and B. de Jager Energy management strategies for vehicular electric power systems IEEE Trans Veh Technol 54 3 2005 771 782 (Pubitemid 40889754)
20. M. Zeng, K. Zhang, and D.X. Liu Overall review of pumped-hydro energy storage in China: status quo, operation mechanism and policy barriers Renew Sustain Energy Rev 17 2013 35 43
21. J.S. Anagnostopoulos, and D.E. Papantonis Energy Conversion and Management Energy Convers Manage 48 11 2007 3009 3017
22. D. Connolly, S. MacLaughlin, and M. Leahy Practical operation strategies for pumped hydroelectric energy storage (PHES) utilising electricity price arbitrage Energy Policy 39 7 2011 4189 4196
23. H. Lund, and G. Salgi The role of compressed air energy storage in future sustainable energy systems Energy Convers Manage 50 5 2009 1172 1179
24. T.Y. Lee, and N.M. Chen Determination optimal contract capacity and optimal sizes of battery energy storage systems for time-of-use rates industrial customers IEEE Trans Energy Convers 10 3 1995 562 568
25. Oudalov A, Cherkaoui R, Beguin A. Sizing and optimal operation of battery energy storage system for peak shaving application. In: 2007 IEEE Lausanne power tech conference, Switzerland, July 1st-July 5th, 2007.
26. C. Bueno, and J.A. Carta Technical-economic analysis of wind-powered pumped hydro storage system. Part II: Model application to the island of EI Hierro Sol Energy 78 3 2005 396 405
27. C. Bueno, and J.A. Carta Technical-economic analysis of wind-powered pumped hydro storage system. Part I: Model development Sol Energy 78 3 2005 382 395
28. J.P. Deane, B.P.Ó. Gallachóir, and E.J. McKeogh Techno-economic review of existing and new pumped hydro energy storage plant Renew Sustain Energy Rev 14 4 2010 1293 1302
29. E. Fertig, and J. Apt Economics of compressed air energy storage to integrate wind power: a case study in ERCOT Energy Policy 35 5 2011 2330 2342
30. N.K.C. Nair, and N. Garimella Battery energy storage systems: assessment for small scale renewable energy integration Energy Build 37 11 2010 2124 2130
31. A.M. Khudhair, and M.M. Farid A review on energy conservation in building applications with thermal storage by latent heat using phase change materials Energy Convers Manage 45 2 2004 263 275
32. I. Dincer On thermal energy storage systems and applications in buildings Energy Build 24 4 2002 377 388 (Pubitemid 34086558)
33. Y.P. Zhang, G.B. Zhou, and K.P. Lin Application of latent heat thermal storage in building: state of the art and outlook Build Environ 42 6 2007 2197 2209
34. W.A. Qureshi, N-K.C. Nair, and M.M. Farid Impact of energy storage in buildings on electricity demand side management Energy Convers Manage 52 2011 2110 2120
35. A. Bicer, and A. Sari New kinds of energy-storing building composite PCMs for thermal energy storage Energy Convers Manage 69 2013 148 156
36. J. Figueiredo, and J. Martins Energy production system management-renewable energy power supply integration with building automation system Energy Convers Manage 51 2010 1120 1126
37. B. Rismanchi, R. Saidur, and H.H. Masjuki Modeling and simulation to determine the potential energy savings by implementing cold thermal energy storage in office buildings Energy Convers Manage 75 2013 152 161
38. I. Dincer, and M.A. Rosen Thermal energy storage: systems and applications 2nd ed. 2011 John Wiley & Sons, Ltd. UK
39. A.V. Desai Nonconventional energy 2003 New Age International (P) Limited New Delhi (India)
40. A. Ucar, and M. Inalli Thermal and economic comparisons of solar heating systems with seasonal storage used in building heating Renew Energy 33 12 2008 2532 2539
41. B.A. Habeebullah Economic feasibility of thermal energy storage system Energy Build 39 3 2007 355 363 (Pubitemid 46162003)
42. G. Tzamalis, E.I. Zoulias, and E. Stamatakis Techno-economic analysis of an autonomous power system integrating hydrogen technology as energy storage medium Renew Energy 39 3 2007 118 124
43. J.J. Wang, Z.Q. Zhai, and Y.Y. Jing Influence analysis of building types and climate zones on energetic, economic and environmental performances of BCHP systems Appl Energy 88 9 2011 3097 3112
44. I. Dincer, and M.A. Rosen Energetic, environmental and economic aspects of thermal energy storage systems for cooling capacity Appl Energy 21 11 2001 1105 1117 (Pubitemid 32487063)
45. W.A. Qureshi, N.-K.C. Nair, and M.M. Farid Impact of energy storage in buildings on electricity demand side management Energy Convers Manage 52 5 2011 2110 2120
46. H. Ibranhim, A. Ilinca, and J. Perron Energy storage systems - characteristics and comparisons Renew Sustain Energy Rev 12 5 2008 1221 1250 (Pubitemid 351492608)
47. A. Akhil, S. Swaminathan, and R.K. Sen Cost analysis of energy storage systems for electric utility applications 1997 Sandia Corporation New Mexico (USA)
48. Beijing Municipal Commission of Development and Reform. Notice on peak hours adjustment in Beijing; 2011. < http://www.bjpc.gov.cn/tztg/201106/ t822024.htm > [in Chinese].
49. Beijing Municipal Commission of Development and Reform. Beijing city will appropriately adjust electricity price structure; 2005. < http://www.bjpc.gov.cn/tztg/201106/t822024.htm > [in Chinese].
50. Lu N, Weimar MR, Makarov YV, et al. The wide-area energy storage and management system - battery storage evaluation; 2009. < http://www.pnl.gov/ main/publications/external/technical-reports/PNNL-18679.pdf >.
51. Editorial board of China Electricity Power Encyclopedia China electricity power encyclopedia: power system 2nd ed. 2011 China Electricity Power Press Beijing (China)
52. Riffonneau Y, Baghzouz Y. Battery storage system sizing in distribution feeders with distributed photovoltaic systems. In: Proceedings of 2009 IEEE Bucharest power tech conference, Bucharest, Romania, June 28th-July 2nd, 2009.
53. C.D. Paker Lead-acid battery energy-storage system foe electricity supply network J Power Source 100 1-2 2001 18 28
54. Epec Inc. Custom battery packs; 2013. < http://www.epectec.com/ batteries/custom/ >.
55. International Electrotechnical Commission. Electrical energy storage; 2011. < http://www.iec.ch/whitepaper/pdf/iecWP-energystorage-LR-en.pdf >.
56. Ioxus Inc. The case for sodium-sulfur and ultracapacitors; 2009. < http://www.apc-hero.co.uk/uploads/pdf/Ioxus/Ultracapacitors/IoxusWP- UltracapsandNaSBatteries11-19-2009.pdf >.
57. J.K. Kaldellis, D.S. Vlachou, and G. Korbakis Techno-economic evaluation of small hydro power plants in Greece: a complete sensitivity analysis Energy Policy 33 15 2005 1969 1985 (Pubitemid 40234134)
58. Akhil A, Zaininger H, Hurwitch J, et al. Battery energy storage: a preliminary assessment of national benefits. < http://www.osti.gov/ energycitations/servlets/purl/10.rNxLAz/native/10116044.pdf >.
59. M. Kapsali, and J.K. Kaldellis Combining hydro and variable wind power generation by means of pumped-storage under economically viable terms Appl Energy 87 11 2010 1969 1985
60. Z.W. Shi, B. Zhang, and X.Y. Zheng Engineering economics 2009 Science Press Beijing (China)
61. State Administration of Taxation. Provisional regulations on value added tax of the People's Republic of China; 2007. < http://202.108.90.130/ n6669073/n6669088/6888727.html >.
62. State Administration of Taxation. Notice of the state administration of taxation concerning the follow-up management issues after canceling corporate income tax approving projects; 2003. < http://www.chinatax.gov.cn/n8136506/ n8136563/n8193451/n8193451/n8193571/n8194751/8253239.html >.
63. J. Eyer, and G. Corey Energy storage for the electricity grid: benefits and markets potential assessment guide 2010 Sandia Corporation New Mexico (USA)
64. S.M. Schoenung, and J. Eyer Benefit/cost framework for evaluating modular energy storage 2008 Sandia Corporation New Mexico (USA)
65. C.J. Wang, B.S. He, and S.Y. Sun Application of a low pressure economizer for waste heat recovery from the exhaust flue gas in a 600 MW power plant Energy 48 1 2012 196 202
66. J.C. Cui, D.H. Liu, and W.L. Liang Analysis on economic and environmental benefit of pumped-storage station Electr Power 40 1 2007 1 6 [in Chinese]
67. D.H. Liu, Y.P. Yang, and K. Yang Research on the production cost of coal-fired power generating unit with consideration of environmental costs Electr Power 38 9 2005 24 28 [in Chinese]
68. National Development and Reform Commission. China's policies and actions for addressing climate change-the annual report 2010. Beijing (China): Government Press; 2010.
69. N. Zhang, and R.X. Cai The proper order of magnitude of penalty for pollutant emission Proc CSEE 17 4 1997 286 288 [in Chinese]
70. 2 anode for rechargeable lithium battery J Power Sources 97-98 2001 198 200 (Pubitemid 32631246)
71. S.J. Kazempour, M.P. Moghaddam, and M.R. Haghifam Electric energy storage systems in a market-based economy: comparison of emerging and traditional technologies Renew Energy 34 12 2009 2630 2639
72. The People's Bank of China. RMB benchmark lending rate of financial institutions; 2011. < http://www.pbc.gov.cn/publish/zhengcehuobisi/631/2011/ 20110406165308868396674/20110406165308868396674-html >.
73. S.D. Li Compilation outlines of "interim measures for the economic evaluation of pumped storage power station" and its implementation rules Water Power 6 1999 12 14 [in Chinese]
74. The People's Bank of China. Exchange rate; 2011. < http://www.pbc.gov.cn/publish/html/2011s08.htm > [in Chinese].
75. Bradbury K. Energy storage technology review; 2010. < http://people.duke.edu/~kjb17/tutorials/Energy-Storage-Technologies.pdf >.
76. S.M. Schoenung, and W.V. Hassenzahl Long- vs. short-term energy storage technologies analysis: a life-cycle cost study 2003 Sandia Corporation New Mexico (USA)
77. National Development and Reform Commission. Notice on the adjustment of electricity price of North China Grid by National Development and Reform Commission; 2011. < http://www.bjpc.gov.cn/tztg/201112/t1802160.htm >.
78. National Development and Reform Commission. Notice on the adjustment of electricity price of North China Grid by National Development and Reform Commission; 2011. < http://www.ndrc.gov.cn/zcfb/zcfbtz/2009tz/t20091120- 31html >.
79. National Bureau of Statistics of China. Statistical communique of the People's Republic of China on the 2009 national economic and social development; 2010. < http://www.stats.gov.cn/english/newsandcomingevents/t20100226- 402623115.htm >.
80. P.T. Moseley Characteristics of a high-performance lead/acid battery for electric vehicles - an ALABC view J Power Source 67 1 1997 115 119 (Pubitemid 127381478)
81. McNell J, Previtali J, Krarti M. A simplified method to predict energy cost saving in office buildings using a hybrid desiccant, absorption chiller, and natural gas turbine cogeneration systems with thermal storage. In: Proceedings of energy sustainability, California, USA, June 27th-June 30th, 2007.
82. Wu Y, Li HY. Comprehensive benefits of pumped storage power station under new situation; 2008. < http://www.psp.org.cn:8080/upload/news/ n2008102809470462.pdf >.
83. China Electricity Council. National electric power industry statistical yearbook data; 2010. < http://tj.cec.org.cn/tongji/niandushuju/2010-11-17/ 160.html >.
84. R. Viswanathan, D. Gandy, and K. Coleman Advances in materials technology for fossil power plants 2008 Electric Power Research Institute, Inc. USA
85. Petar Jovanovic Application of sensitivity analysis in investment project evaluation under uncertainty and risk Int J Project Manage 17 4 1999 217 222