Battery energy storage sizing optimisation for different ownership structures in a peer-to-peer energy sharing community

dc.contributor.authorRodrigues, Daniel Lionel
dc.contributor.authorYe, Xianming
dc.contributor.authorXia, Xiaohua
dc.contributor.authorZhu, Bing
dc.contributor.emailxianming.ye@up.ac.zaen_ZA
dc.date.accessioned2020-05-15T12:03:31Z
dc.date.issued2020-03
dc.description.abstractExisting studies have shown the benefits of battery energy storage systems (BESS) inclusion, but do not consider optimal BESS sizing and operation in a peer-to-peer (P2P) energy sharing network under different BESS ownership structures. Under the P2P framework, two different BESS ownership structures, namely the ESP owned structure and the user owned structure are investigated in this study, which are compared to the traditional user owned BESS under the peer-to-grid (P2G) framework. It is found that in campus buildings with a P2P energy sharing network, the user owned BESS exhibits the highest NPV comparing to the other two BESS ownership structures. The ESP owned structure is economically less beneficial, but provided the opportunity for the prosumers to engage in P2P energy sharing and reduce their energy costs without a BESS investment cost.en_ZA
dc.description.departmentElectrical, Electronic and Computer Engineeringen_ZA
dc.description.embargo2021-03-15
dc.description.librarianhj2020en_ZA
dc.description.sponsorshipThe South African National Research Foundation under the Grant No.: 116309, the UK Royal Academy of Engineering under the Grant No.: IAPP17/18, and the Research Development Programme from University of Pretoria.en_ZA
dc.description.urihttp://www.elsevier.com/locate/apenergyen_ZA
dc.identifier.citationRodrigues D.L., Ye X., Xia X. et al. 2020, 'Battery energy storage sizing optimisation for different ownership structures in a peer-to-peer energy sharing community', Applied Energy, vol. 262, art. 114498, pp. 1-11.en_ZA
dc.identifier.issn0306-2619 (print)
dc.identifier.issn1872-9118 (online)
dc.identifier.other10.1016/j.apenergy.2020.114498
dc.identifier.urihttp://hdl.handle.net/2263/74602
dc.language.isoenen_ZA
dc.publisherElsevieren_ZA
dc.rights© 2020 Elsevier Ltd. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Applied Energy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Applied Energy, vol. 262, art. 114498, pp. 1-11, 2020, doi : 10.1016/j.apenergy.2020.114498.en_ZA
dc.subjectBattery energy storage systems (BESS)en_ZA
dc.subjectPeer-to-peer (P2P)en_ZA
dc.subjectPeer-to-peer energy sharingen_ZA
dc.subjectDynamic pricingen_ZA
dc.subjectSmart gridsen_ZA
dc.subjectProsumersen_ZA
dc.subjectLithium-ion batteryen_ZA
dc.titleBattery energy storage sizing optimisation for different ownership structures in a peer-to-peer energy sharing communityen_ZA
dc.typePostprint Articleen_ZA

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