We introduce and validate a measure of the Levelized Cost of Electricity Storage (LCOES).
On a per kWh basis, this metric captures the economic break-even price required to charge
and discharge electricity in N cycles per year, subject to the maximum power (dis)charge
not exceeding the power rating of the storage system at any point in time. LCOES is
shown to be instrumental in characterizing the optimal size of a battery that balances the
initial investment expenditure with periodic savings from storing, and subsequently consuming,
self-generated energy. We apply the model to residential solar customers in Germany
and California, two jurisdictions with markedly different electricity pricing rules and policy
support mechanisms for the adoption of battery storage.
Dieser Eintrag ist Teil der Universitätsbibliographie.
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