The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model

By Joern Hoppmann, Jonas Volland, Tobias S. Schmidt, V. H. Hoffmann. 2014

548 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering, Pollution

View Paper: https://www.semanticscholar.org/paper/d5d643c2b0d7ddeba5c8f2c0f1b7f0c5745bdee0

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In Electrical and Electronic Engineering

In Pollution

Citations in the corpus

Techno-economic analysis of the viability of residential photovoltaic systems using lithium-ion batteries for energy storage in the United Kingdom (2017, background): “Among the many options available, solar photovoltaic (PV) power is found to have substantial potential for electricity generation [8].”
Optimum community energy storage for renewable energy and demand load management (2017, unknown): “This study does not include a sensitivity analysis but the impact of various input parameters on the techno-economic benefits of residential batteries was already analysed for single homes [42, 43] and communities [28] respectively.”
Quantifying self-consumption linked to solar home battery systems: Statistical analysis and economic assessment (2016, background): “The economic viability of PV combined with battery storage was evaluated in 2014 in the German context [5].”
Techno-economic analysis of household and community energy storage for residential prosumers with smart appliances (2018, methodology): “A nominal discount rate of 4% is used, which has been widely used in other studies such as [32].”
Energy self-sufficiency, grid demand variability and consumer costs: Integrating solar PV, Stirling engine CHP and battery storage (2015, background): “It has been suggested that battery storage could be used to help towards aleviating the these grid issues [6,8,9] Whilst centralised battery storage remains unappealing owing to low energy densities and financial constraints [10], decentralised lead-acid battery storage local to solar PV generators ”
Prosumage of solar electricity: pros, cons, and the system perspective (2017, background): “…argument—and a selling point of prosumage system providers—is that PV in combination with battery storage allows electricity consumers to realize lower and less volatile electricity costs as compared to grid-based power consumption (SPE 2015, cf. also Hoppmann et al. 2014, and RMI 2015).”
Economic Optimization of Component Sizing for Residential Battery Storage Systems (2017, background): “While most existing studies assess the economic value of residential battery storage using sensitivity analysis, there is lack of system size optimization studies considering technology specific parameters and aging information [16].”
Levelized cost of electricity for solar photovoltaic and electrical energy storage (2017, methodology): “A simulation model was developed in [36] that studies the economics of EES for residential PV in Germany under eight different electricity price scenarios, in the years between 2013 to 2022.”