“…In particular, electric circuit analog models have proven to be a flexible tool for empirically describing battery performance under diverse operating conditions, including temperature, state of charge, and charge-discharge rate [24,25,26,27,28,29]. These models [32,33,34]. More recent studies utilize multiple years of dynamic electricity price data that have become available since restructured electricity markets opened to quantitatively assess the value of electricity storage [35,36,37,38,39,40,41,42,43,44,45,46,47,48].…”