Economic trends and comparisons for optimizing grid-outage resilient photovoltaic and battery systems
Applied Energy(2019)
Abstract
•Deriving the optimal size of solar and battery systems is of great practical importance.•Economic and reliability factors are crucially interacting in energy systems design optimization.•In critical applications, the economic losses of lost demand can be severe and need to be minimized.•The anticipated decline in battery price brings optimism for more widespread usage of backup systems.
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Key words
Optimal system size,Photovoltaic power system,Battery storage,Island generation system,Resilience
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