@inproceedings{Fong:2017:10.1109/PTC.2017.7980829,
author = {Fong, G and Moreira, R and Strbac, G},
doi = {10.1109/PTC.2017.7980829},
publisher = {IEEE},
title = {Economic analysis of energy storage business models},
url = {http://dx.doi.org/10.1109/PTC.2017.7980829},
year = {2017}
}

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TY  - CPAPER
AB  - The  increasingpenetration  of  renewable  energy systems andtheelectrification of heat and transport sectors inthe UKhave created business opportunities for flexible technologies, such as battery energy storage (BES). However,BESinvestments arestill  not well  understood  due  to  a wide  range  and  debatable technology  costs  that  may  undermine itsbusiness  case.  In  this context,  aneconomic  analysis  will  be  established  to  assess  the economic  viability  ofcurrent BESbusiness  models,  particularly associated with multiple service portfolios. Our model quantifies the  net  present  values  (NPVs)  and  payback  periods  of  BES investments considering various business models and state-of-the-art  BES  technologies.  We  determine  thecommercial  viability associated with different BES technologies and business models. The   developed   model comparesdifferent   technology   costs, business  models(i.e. portfolio  ofservicesprovided)and  BES lifetimes  to  perform  a  comprehensive  economic  analysis  on  the business  case  for  investing  in  BES.  Several  case  studies  under current GBmarket   arrangements   demonstrate   that   BES investment  associated  with  multi-service  business  modelsoffers the   best  financial   benefits   to   storage   investors  and   achieve payback periods within 10 years’ lifetime.
AU  - Fong,G
AU  - Moreira,R
AU  - Strbac,G
DO  - 10.1109/PTC.2017.7980829
PB  - IEEE
PY  - 2017///
TI  - Economic analysis of energy storage business models
UR  - http://dx.doi.org/10.1109/PTC.2017.7980829
UR  - http://hdl.handle.net/10044/1/47987
ER  - 

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