Energy Storage Science and Technology ›› 2023, Vol. 12 ›› Issue (1): 312-318.doi: 10.19799/j.cnki.2095-4239.2022.0348

• Technical Economic Analysis of Energy Storage • Previous Articles     Next Articles

Scaled-up diversified electrochemical energy storage LCOE and its economic analysis

Yang LIU1(), Weijun TENG1, Qingfa GU1, Xin SUN1, Yuliang TAN2, Zhijin FANG2(), Jianlin LI2   

  1. 1.Electric Power Research Institute of Henan Electric Power Company of State Grid, Zhengzhou 450052, Henan, China
    2.Energy Storage Technology Engineering Research Center, North China University of Technology, Beijing 100144, China
  • Received:2022-06-23 Revised:2022-09-06 Online:2023-01-05 Published:2023-02-08
  • Contact: Zhijin FANG E-mail:1099119361@qq.com;1072013412@qq.com

Abstract:

Multiple energy storage technology that optimizes the energy structure, promotes new energy development, and protects the ecological environment is the key to realizing new power systems utilizing new energy sources. This paper investigates the cost and economics of large-scale multiple electrochemical energy storage that meets the requirements of energy storage scale development. We first introduce the current application situation of domestic multi-electrochemical energy storage technology. To this end, we establish and measure the levelized cost of energy model for optimizing multi-electrochemical energy storage. We found that the power cost of electrochemical energy storage gradually decreases with increasing scale of the energy storage. In a comparison study, we then reveal that to improve the economics of electrochemical energy storage, we must reduce either the initial investment cost or the unit capacity cost of energy storage. Finally, we propose the economic development of future large-scale energy storage under China's national conditions.

Key words: multiple electrochemical energy storage, application status, optimized full-life LCOE model, economics

CLC Number: