Journal
ENERGY POLICY
Volume 71, Issue -, Pages 22-30Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2014.04.016
Keywords
Energy storage; Second use; Lithium-ion batteries
Funding
- Natural Sciences and Engineering Research Council of Canada (NSERC) [CRDPJ 439275-12]
- Mitsui & Co. (Canada) Ltd.
- Panacis Inc.
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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. (C) 2014 Elsevier Ltd. All rights reserved.
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