Comprehensive Performance Assessment on Various Battery Energy Storage Systems

Haoran Zhao, Sen Guo and Huiru Zhao
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Haoran Zhao: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Sen Guo: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Huiru Zhao: School of Economics and Management, North China Electric Power University, Beijing 102206, China

Energies, 2018, vol. 11, issue 10, 1-26

Abstract: With the increasing development of renewable resources-based electricity generation and the construction of wind-photovoltaic-energy storage combination exemplary projects, the intermittent and fluctuating nature of renewable resources exert great challenges for the power grid to supply electricity reliably and stably. An energy storage system (ESS) is deemed to be the most valid solution to deal with these challenges. Considering the various types of ESSs, it is necessary to develop a comprehensive assessment framework for selecting appropriate energy storage techniques in establishing exemplary projects combining renewable resources-based electricity generation and an ESS. This paper proposes a multi-criteria decision making (MCDM) model combining a fuzzy-Delphi approach to establish the comprehensive assessment indicator system, the entropy weight determination method, and the best-worst method (BWM) to calculate weights of all sub-criteria, and a Vlsekriterijumska Optimizacija I Kompromisno Resenje (VIKOR) comprehensive evaluation model to choose the optimal battery ESS. In accordance with the comprehensive evaluation results, the Li-ion battery is the optimal battery ESS to apply to wind-photovoltaic-energy storage combination exemplary projects. Based on the discussion on the comprehensive evaluation results, policy implications are suggested to improve the applicability of battery ESSs and provide some references for decision makers in related fields.

Keywords: battery energy storage system; multi-criteria decision-making model; BWM; VIKOR; comprehensive performance evaluation (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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