Title :
Analysis of the Cost per Kilowatt Hour to Store Electricity
Author :
Poonpun, Piyasak ; Jewell, Ward T.
Author_Institution :
Wichita State Univ., Wichita, KS
fDate :
6/1/2008 12:00:00 AM
Abstract :
This paper presents a cost analysis of grid-connected electric energy storage. Various energy storage technologies are considered in the analysis. Life-cycle cost analysis is used. The results are presented in terms of the cost added to electricity stored and discharged, in US dollar per kilowatt hour. Results are compared with wholesale and retail electricity costs and with the cost of conventional pumped hydro storage.
Keywords :
energy storage; life cycle costing; power grids; power system economics; cost per kilowatt hour; grid-connected electric energy storage; life-cycle cost analysis; retail electricity costs; store electricity; Batteries; economic analysis; energy storage; flywheels;
Journal_Title :
Energy Conversion, IEEE Transactions on
DOI :
10.1109/TEC.2007.914157
