Evaluating the Cost Benefits of U.S. Utility-Scale Photovoltaics Plus Energy Storage Systems

Ran Fu, Robert Margolis, Timothy Remo

Research output: Contribution to conferencePaperpeer-review

19 Scopus Citations

Abstract

textbfUtility-scale photovoltaics (PV) system market growth has been rapid for several years. Today, with the cost reductions of energy storage technologies, the application of combing PV and energy storage has become feasible and beneficial, especially for the areas that only have PV standalone systems and need to shift the peak load to meet the evening electricity demand. Overall, the utility-scale PV plus energy storage systems can provide dispatchable energy and reliable capacity. This study details cost factors, including labor costs, material costs, overhead, and permitting costs using a systemlevel bottom-up cost modeling approach. We use this model to benchmark PV plus storage installation system cost and identify cost difference for AC and DC coupled systems and duration variation. Finally, we assess the cost reduction opportunities of co-locating PV system with energy storage system in order to indicate the possible economic impacts of PV plus storage configuration and help future research and development (R&D) effects in the context of U.S. energy storage policymaking.

Original languageAmerican English
Pages3783-3789
Number of pages7
DOIs
StatePublished - 26 Nov 2018
Event7th IEEE World Conference on Photovoltaic Energy Conversion, WCPEC 2018 - Waikoloa Village, United States
Duration: 10 Jun 201815 Jun 2018

Conference

Conference7th IEEE World Conference on Photovoltaic Energy Conversion, WCPEC 2018
Country/TerritoryUnited States
CityWaikoloa Village
Period10/06/1815/06/18

Bibliographical note

Publisher Copyright:
© 2018 IEEE.

NREL Publication Number

  • NREL/CP-6A20-73692

Keywords

  • Balance of system (BOS)
  • battery energy storage
  • bottom-up cost model
  • photovoltaic system cost modeling
  • solar energy

Fingerprint

Dive into the research topics of 'Evaluating the Cost Benefits of U.S. Utility-Scale Photovoltaics Plus Energy Storage Systems'. Together they form a unique fingerprint.

Cite this