Feasibility report of energy storage water tank

What factors affect the financial feasibility of energy storage systems?

Furthermore, another factor that affects the capacity and subsequently the financial feasibility of energy storage systems is the size and location of the modelled solar PV system.

Which economic indicators are used for end-energy use of a building?

Life-cycle cost (LCC) and levelized cost of energy (LCOE) were used as the primary economic indicators in this study and were calculated for the end-energy use of the building, in addition to the levelized cost of storage (LCOS) which was calculated for each of the modelled energy storage systems.

Is thermal energy storage economically viable?

The economic viability is assessed in terms of the levelized cost of heat (LCOH), storage volume cost, and storage capacity cost. The results show that the tank and pit thermal energy storage exhibits relatively balanced and better performances in both technical and economic characteristics.

Which aquifer thermal energy storage is economically competitive?

Compared to the reference heating alternatives, i.e., natural gas and solar heating for decentralized systems, only pit and low-temperature aquifer thermal energy storage is economically competitive. The LCOH of latent heat storage is the highest.

What is the optimal capacity of solar energy storage systems?

Hence, the optimal capacity of all the energy storage systems is zero, whereas the feasible solar PV size is limited to below 20 % when using the 2019 electricity prices as comparison.

Which energy storage technology is most financially feasible?

It was also shown that out of the considered energy storage technologies, LIB storage is the most financially feasible storage technology in small-scale applications with a LCOE close to the that of solar PV systems in some scenarios.