On the economic assessment and optimization of energy storage systems

H. Davitian and R.W. Leigh

Energy, 1979, vol. 4, issue 6, 1099-1105

Abstract: A method is described for the economic optimization and comparative evaluation of various energy storage systems in a given application. The method is particularly useful in examining the economics of devices with short lifetimes and can be employed whenever a device lifetime can be expressed as a function of physical parameters which are related to the manner in which the device is used. Given a detailed description of the pattern of use of the device in the application, the device lifetime can be calculated. The economic consequences of changes in lifetime result from the dependence of the capital recovery factor on device lifetime. It is shown how analyses can be made of changes in technical performance characteristics or changes in the pattern of use of the storage device to determine their effects upon the annual cost of energy storage and to determine minimum cost systems.

Date: 1979
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0360544279901002
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:energy:v:4:y:1979:i:6:p:1099-1105

DOI: 10.1016/0360-5442(79)90100-2

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().