Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling
The reuse of Li-ion EV batteries for energy storage systems (ESS) in stationary settings is a promising technology to support improved management of demand and supply of electricity. In this paper, MatLAB simulation of a residential energy profile and regulated cost structure is used to analyze the...
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| Veröffentlicht in: | Energy policy 2014-08, Vol.71, p.22-30 |
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| creator | Heymans, Catherine Walker, Sean B. Young, Steven B. Fowler, Michael |
| description | The reuse of Li-ion EV batteries for energy storage systems (ESS) in stationary settings is a promising technology to support improved management of demand and supply of electricity. In this paper, MatLAB simulation of a residential energy profile and regulated cost structure is used to analyze the feasibility of and cost savings from repurposing an EV battery unit for peak-shifting. in situ residential energy storage can contribute to the implementation of a smart grid by supporting the reduction of demand during typical peak use periods. Use of an ESS increases household energy use but potentially improves economic effectiveness and reduces greenhouse gas emissions. The research supports the use of financial incentives for Li-ion battery reuse in ESS, including lower energy rates and reduced auxiliary fees.
•EV Li-ion batteries can be reused in stationary energy storage systems (ESS).•A single ESS can shift 2 to 3h of electricity used in a house.•While energy use increases, potential economic and environmental effectiveness improve.•ESS supports smart grid objectives.•Incentives like reduced fees are needed to encourage implementation of Li-ion battery ESS. |
| doi_str_mv | 10.1016/j.enpol.2014.04.016 |
| format | Article |
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•EV Li-ion batteries can be reused in stationary energy storage systems (ESS).•A single ESS can shift 2 to 3h of electricity used in a house.•While energy use increases, potential economic and environmental effectiveness improve.•ESS supports smart grid objectives.•Incentives like reduced fees are needed to encourage implementation of Li-ion battery ESS.</description><identifier>ISSN: 0301-4215</identifier><identifier>EISSN: 1873-6777</identifier><identifier>DOI: 10.1016/j.enpol.2014.04.016</identifier><identifier>CODEN: ENPYAC</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Air pollution ; Alternative fuel vehicles ; Applied sciences ; Batteries ; Cost ; Cost control ; Economic data ; Economic theory ; Effectiveness studies ; Electric energy ; Electric power ; Electric vehicles ; Electricity ; Emissions control ; Energy ; Energy consumption ; Energy economics ; Energy policy ; Energy storage ; Energy. Thermal use of fuels ; Exact sciences and technology ; Financial incentives ; General, economic and professional studies ; Greenhouse effect ; Households ; Lithium-ion batteries ; Management ; Saving ; Second use ; Simulation ; Storage ; Supply & demand ; Technology ; Transport and storage of energy</subject><ispartof>Energy policy, 2014-08, Vol.71, p.22-30</ispartof><rights>2014 Elsevier Ltd</rights><rights>2015 INIST-CNRS</rights><rights>Copyright Elsevier Science Ltd. Aug 2014</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c592t-660c2bcea49d3d56e8641d815a6316fa756319f7b32eaf6ae64efb39f39e5443</citedby><cites>FETCH-LOGICAL-c592t-660c2bcea49d3d56e8641d815a6316fa756319f7b32eaf6ae64efb39f39e5443</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.enpol.2014.04.016$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,27865,27866,27924,27925,45995</link.rule.ids><backlink>$$Uhttp://pascal-francis.inist.fr/vibad/index.php?action=getRecordDetail&idt=28551916$$DView record in Pascal Francis$$Hfree_for_read</backlink></links><search><creatorcontrib>Heymans, Catherine</creatorcontrib><creatorcontrib>Walker, Sean B.</creatorcontrib><creatorcontrib>Young, Steven B.</creatorcontrib><creatorcontrib>Fowler, Michael</creatorcontrib><title>Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling</title><title>Energy policy</title><description>The reuse of Li-ion EV batteries for energy storage systems (ESS) in stationary settings is a promising technology to support improved management of demand and supply of electricity. In this paper, MatLAB simulation of a residential energy profile and regulated cost structure is used to analyze the feasibility of and cost savings from repurposing an EV battery unit for peak-shifting. in situ residential energy storage can contribute to the implementation of a smart grid by supporting the reduction of demand during typical peak use periods. Use of an ESS increases household energy use but potentially improves economic effectiveness and reduces greenhouse gas emissions. The research supports the use of financial incentives for Li-ion battery reuse in ESS, including lower energy rates and reduced auxiliary fees.
•EV Li-ion batteries can be reused in stationary energy storage systems (ESS).•A single ESS can shift 2 to 3h of electricity used in a house.•While energy use increases, potential economic and environmental effectiveness improve.•ESS supports smart grid objectives.•Incentives like reduced fees are needed to encourage implementation of Li-ion battery ESS.</description><subject>Air pollution</subject><subject>Alternative fuel vehicles</subject><subject>Applied sciences</subject><subject>Batteries</subject><subject>Cost</subject><subject>Cost control</subject><subject>Economic data</subject><subject>Economic theory</subject><subject>Effectiveness studies</subject><subject>Electric energy</subject><subject>Electric power</subject><subject>Electric vehicles</subject><subject>Electricity</subject><subject>Emissions control</subject><subject>Energy</subject><subject>Energy consumption</subject><subject>Energy economics</subject><subject>Energy policy</subject><subject>Energy storage</subject><subject>Energy. Thermal use of fuels</subject><subject>Exact sciences and technology</subject><subject>Financial incentives</subject><subject>General, economic and professional studies</subject><subject>Greenhouse effect</subject><subject>Households</subject><subject>Lithium-ion batteries</subject><subject>Management</subject><subject>Saving</subject><subject>Second use</subject><subject>Simulation</subject><subject>Storage</subject><subject>Supply & demand</subject><subject>Technology</subject><subject>Transport and storage of energy</subject><issn>0301-4215</issn><issn>1873-6777</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNqNkU2rUzEQhg-iYL36C9wERHBzaiafJwsXcrl-wAU3dx_SZFJT0pOanBb6703txYULFQYGZp55Z5h3GF4DXQMF9X63xvlQ8ppREGvaA9STYQWT5qPSWj8dVpRTGAUD-Xx40dqOUiomI1ZDvvNlLvvkiZtdPrfUSImkYa8GcmxIMKNfau-f8HvyGcnGLQvWhI3EUknFlgLOS3KZ4Ix1eyZtKdVtsQsGkosLY8YT5pzm7cvhWXS54avHfDM8fLp7uP0y3n_7_PX24_3opWHLqBT1bOPRCRN4kAonJSBMIJ3ioKLTsmcT9YYzdFE5VALjhpvIDUoh-M3w7ip7qOXHEdti96n5foKbsRybBcUYM6C0-TcqFVMaDPwP2lnDtKIdffMHuivH2v97objhAoSGTvEr5WtprWK0h5r2rp4tUHux1e7sL1vtxVZLe4DqU28ftV3zLsfqZp_a71E2SdnPvXAfrhz2R58SVtt8wtljSLU7akNJf93zE5xCuU0</recordid><startdate>20140801</startdate><enddate>20140801</enddate><creator>Heymans, Catherine</creator><creator>Walker, Sean B.</creator><creator>Young, Steven B.</creator><creator>Fowler, Michael</creator><general>Elsevier Ltd</general><general>Elsevier</general><general>Elsevier Science Ltd</general><scope>IQODW</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7SP</scope><scope>7TA</scope><scope>7TB</scope><scope>7TQ</scope><scope>8BJ</scope><scope>8FD</scope><scope>DHY</scope><scope>DON</scope><scope>F28</scope><scope>FQK</scope><scope>FR3</scope><scope>H8D</scope><scope>JBE</scope><scope>JG9</scope><scope>KR7</scope><scope>L7M</scope><scope>7ST</scope><scope>C1K</scope><scope>SOI</scope></search><sort><creationdate>20140801</creationdate><title>Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling</title><author>Heymans, Catherine ; Walker, Sean B. ; Young, Steven B. ; Fowler, Michael</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c592t-660c2bcea49d3d56e8641d815a6316fa756319f7b32eaf6ae64efb39f39e5443</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2014</creationdate><topic>Air pollution</topic><topic>Alternative fuel vehicles</topic><topic>Applied sciences</topic><topic>Batteries</topic><topic>Cost</topic><topic>Cost control</topic><topic>Economic data</topic><topic>Economic theory</topic><topic>Effectiveness studies</topic><topic>Electric energy</topic><topic>Electric power</topic><topic>Electric vehicles</topic><topic>Electricity</topic><topic>Emissions control</topic><topic>Energy</topic><topic>Energy consumption</topic><topic>Energy economics</topic><topic>Energy policy</topic><topic>Energy storage</topic><topic>Energy. Thermal use of fuels</topic><topic>Exact sciences and technology</topic><topic>Financial incentives</topic><topic>General, economic and professional studies</topic><topic>Greenhouse effect</topic><topic>Households</topic><topic>Lithium-ion batteries</topic><topic>Management</topic><topic>Saving</topic><topic>Second use</topic><topic>Simulation</topic><topic>Storage</topic><topic>Supply & demand</topic><topic>Technology</topic><topic>Transport and storage of energy</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Heymans, Catherine</creatorcontrib><creatorcontrib>Walker, Sean B.</creatorcontrib><creatorcontrib>Young, Steven B.</creatorcontrib><creatorcontrib>Fowler, Michael</creatorcontrib><collection>Pascal-Francis</collection><collection>CrossRef</collection><collection>Electronics & Communications Abstracts</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>International Bibliography of the Social Sciences</collection><collection>Engineering Research Database</collection><collection>Aerospace Database</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Environment Abstracts</collection><collection>Environmental Sciences and Pollution Management</collection><collection>Environment Abstracts</collection><jtitle>Energy policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Heymans, Catherine</au><au>Walker, Sean B.</au><au>Young, Steven B.</au><au>Fowler, Michael</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling</atitle><jtitle>Energy policy</jtitle><date>2014-08-01</date><risdate>2014</risdate><volume>71</volume><spage>22</spage><epage>30</epage><pages>22-30</pages><issn>0301-4215</issn><eissn>1873-6777</eissn><coden>ENPYAC</coden><abstract>The reuse of Li-ion EV batteries for energy storage systems (ESS) in stationary settings is a promising technology to support improved management of demand and supply of electricity. 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•EV Li-ion batteries can be reused in stationary energy storage systems (ESS).•A single ESS can shift 2 to 3h of electricity used in a house.•While energy use increases, potential economic and environmental effectiveness improve.•ESS supports smart grid objectives.•Incentives like reduced fees are needed to encourage implementation of Li-ion battery ESS.</abstract><cop>Kidlington</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.enpol.2014.04.016</doi><tpages>9</tpages><oa>free_for_read</oa></addata></record> |
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| source | Elsevier ScienceDirect Journals Complete; PAIS Index |
| subjects | Air pollution Alternative fuel vehicles Applied sciences Batteries Cost Cost control Economic data Economic theory Effectiveness studies Electric energy Electric power Electric vehicles Electricity Emissions control Energy Energy consumption Energy economics Energy policy Energy storage Energy. Thermal use of fuels Exact sciences and technology Financial incentives General, economic and professional studies Greenhouse effect Households Lithium-ion batteries Management Saving Second use Simulation Storage Supply & demand Technology Transport and storage of energy |
| title | Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling |
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