2022
DOI: 10.3390/batteries8020007
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Multiple Scenario Analysis of Battery Energy Storage System Investment: Measuring Economic and Circular Viability

Abstract: Circular business models for batteries have been revealed in earlier research to achieve economic viability while reducing total resource consumption of raw materials. The objective of this study is to measure the economic performance of the preferred business model by creating different scenarios comparing second life (spent) and new battery investment for seven different European regions and four energy management strategies. Findings reveal levels of economic ability for a total of 34 scenarios simulated, i… Show more

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Cited by 7 publications
(1 citation statement)
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“…Among these, batteries have been widely deployed for short-term and long-term energy storage. Nevertheless, the high initial and maintenance costs associated with batteries limit their use in microgrids [9]. As a result, there is a growing demand for alternatives to battery storage systems in microgrids.…”
Section: Introductionmentioning
confidence: 99%
“…Among these, batteries have been widely deployed for short-term and long-term energy storage. Nevertheless, the high initial and maintenance costs associated with batteries limit their use in microgrids [9]. As a result, there is a growing demand for alternatives to battery storage systems in microgrids.…”
Section: Introductionmentioning
confidence: 99%