an intertemporal decision framework for electrochemical energy storage management - battery energy storage system

In order to achieve renewable energy, it is necessary to have a schedulable energy storage
Basic power systems with zero or very low carbon emissions.
Inherent degradation behavior of electro-chemical energy storage (EES)
It is the main focus of EES operational decision-making and EES economic assessment.
Here, we propose a decision-making framework for solving cross-period trade.
By derivation, implementation and optimization of two indicators, the trade-off in terms of EES degradation: the marginal benefit of use and the average benefit of use.
These metrics are independent of the capital costs of the EES system, so separating the value used by the EES from the initial costs provides a different perspective for storing valuations and operations.
Our framework is proven to be EES life-
Maximize cycle profits.
We show that the proposed framework provides an effective way to assess the economic value of EES, make investment decisions for various applications, and provide relevant subsidy policies.