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23 November 2022 Configuration and techno-economic comparison of compressed air energy storage and battery storage in islanded microgrid
Xiaoyu Li, Chen Hu, Lei Zhang
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Proceedings Volume 12302, Seventh International Conference on Electromechanical Control Technology and Transportation (ICECTT 2022); 1230225 (2022) https://doi.org/10.1117/12.2645736
Event: Seventh International Conference on Electromechanical Control Technology and Transportation (ICECTT 2022), 2022, Guangzhou, China
Abstract
This paper proposes a configuration method for islanded microgrid with wind, solar PV, gas turbine, and energy storage system. The objective is to minimize the annual cost of the microgrid. The microgrid's cost model is established, considering capital investment cost, operation and maintenance cost, and replacement cost. Configuration results with adopting lithium battery and compressed air energy storage under different renewable penetration are discussed. The configuration result shows that a microgrid with a compressed air energy storage system has a lower annual cost than a lithium battery.
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Xiaoyu Li, Chen Hu, and Lei Zhang "Configuration and techno-economic comparison of compressed air energy storage and battery storage in islanded microgrid", Proc. SPIE 12302, Seventh International Conference on Electromechanical Control Technology and Transportation (ICECTT 2022), 1230225 (23 November 2022); https://doi.org/10.1117/12.2645736
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KEYWORDS
Wind energy
Solar energy
Renewable energy
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