Levelised cost of storage analysis for an energy storage system based on reversible solid oxide cell technology

Agbaje M. A., AKKAYA A. V.

International Journal of Global Warming, vol.30, no.4, pp.367-385, 2023 (SCI-Expanded) identifier

  • Publication Type: Article / Article
  • Volume: 30 Issue: 4
  • Publication Date: 2023
  • Doi Number: 10.1504/ijgw.2023.132273
  • Journal Name: International Journal of Global Warming
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, CAB Abstracts, INSPEC, Veterinary Science Database, Civil Engineering Abstracts
  • Page Numbers: pp.367-385
  • Keywords: economic analysis, emission reduction, energy storage, levelised cost of storage, reversible solid oxide cell
  • Yıldız Technical University Affiliated: Yes

Abstract

The levelised cost approach is employed in this study to analyse the cost of a distributed scale standalone reversible solid oxide cell (ReSOC)-based energy storage system. The levelised cost of storage (LCOS) and the storage cost (SC) of the ReSOC system are computed and compared with other storage technologies. The LCOS and SC of the considered system are determined as $0.36/kWh and $0.09/kWh/cycle, respectively. Also, 156 tons/year emission reduction was achieved. The system analysis showed that the scale, capital and electricity cost, and roundtrip efficiency highly influence the system’s economic performance.