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Techno-economic feasibility of integrating energy storage systems in refrigerated warehouses

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  • Zhu, Kai
  • Li, Xueqiang
  • Campana, Pietro Elia
  • Li, Hailong
  • Yan, Jinyue

Abstract

This work evaluates the techno-economic feasibility of integrating the cold energy storage system and the electrical energy storage system in a refrigerated warehouse for shifting the power consumption. A dynamic model has been developed in TRNSYS®. Based on the dynamic simulation, the performance and benefit of those two types of energy storage systems were compared. Results showed that, the integration of a cold energy storage can reduce the electricity consumption and operational cost by 4.3% and 20.5%, respectively. Even though integrating a battery system will increase the electricity consumption by 3.9%, it can reduce the operational cost by 18.7%. The capacity of the energy storage systems, the battery price and the peak electricity price had been identified as key parameters affecting the performance and benefit. To achieve a payback period less than 3 year, for the integration of a cold energy storage system, the peak electricity price should be increased by 25% from the current level, while for the integration of a battery system, the battery price should drop to 0.7 kRMB/kWh.

Suggested Citation

  • Zhu, Kai & Li, Xueqiang & Campana, Pietro Elia & Li, Hailong & Yan, Jinyue, 2018. "Techno-economic feasibility of integrating energy storage systems in refrigerated warehouses," Applied Energy, Elsevier, vol. 216(C), pages 348-357.
    • Handle: RePEc:eee:appene:v:216:y:2018:i:c:p:348-357
    DOI: 10.1016/j.apenergy.2018.01.079
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