Optimized profitability of LFP and NMC Li-ion batteries in residential PV applications

Pablo Ayuso, Hector Beltran, Jorge Segarra-Tamarit and Emilio Pérez

Mathematics and Computers in Simulation (MATCOM), 2021, vol. 183, issue C, 97-115

Abstract: This paper analyses the economic profitability provided by different types of Li-ion batteries when used in residential solar applications under a Model Predictive Control that optimizes the operation of the system. The control methodology takes profit of actually commercial time-of-use rates to minimize the operation costs. Also, the analysis takes into account the progressive degradation of the batteries involved by using state-of-the-art semi-empirical ageing models. The study is performed by means of annual simulations that use actual consumption curves for three different households and real PV production batteries, with extended lifetime warranties and prices below 600 €/kWh, under optimized operation and use even when only energy arbitrage and peak shaving services are considered.

Keywords: Residential PV systems; Li-ion batteries; Ageing (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378475420300501
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:183:y:2021:i:c:p:97-115

DOI: 10.1016/j.matcom.2020.02.011

Access Statistics for this article

Mathematics and Computers in Simulation (MATCOM) is currently edited by Robert Beauwens

More articles in Mathematics and Computers in Simulation (MATCOM) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().