Optimized Sizing, Selection, and Economic Analysis of Battery Energy Storage for Grid-Connected Wind-PV Hybrid System

<table class="table-group" id="tab4"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td align="left">Symbol</td><td align="center">Parameter</td><td align="center">Value</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td align="left"><span style="width: 25.6565ptpx;"><svg height="11.9087pt" id="M99" style="vertical-align:-3.2728pt" version="1.1" viewbox="-0.0498162 -8.6359 25.6565 11.9087" width="25.6565pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M600 480C600 590 528 650 384 650H143L137 622C222 614 225 607 210 531L130 127C113 41 106 36 23 28L17 0H294L300 28C204 36 195 42 212 127L243 284L314 263C327 263 339 263 352 264C465 271 600 337 600 480ZM508 481C508 351 402 304 329 304C289 304 265 311 250 317L295 559C302 594 310 606 323 611C335 616 350 619 367 619C455 619 508 573 508 481Z" id="g113-81"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="617" vert-adv-y="617"></glyph.data></g><g transform="matrix(.013,0,0,-0.013,7.243,0)"><path d="M610 18C585 26 567 34 540 68C517 97 499 128 476 171C452 215 425 276 413 304C496 332 570 394 570 494C570 555 545 595 509 619S419 650 364 650H139L133 622C216 615 219 612 203 527L129 132C112 40 105 36 23 28L17 0H279L285 28C199 34 194 40 211 132L239 284H284C320 284 334 275 351 236C374 182 394 140 420 93C459 23 495 -1 592 -8H600L610 18ZM480 485C480 424 449 372 403 342C374 323 338 316 293 316H245L291 562C296 589 301 601 311 608S337 618 358 618C432 618 480 575 480 485Z" id="g113-83"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="627" vert-adv-y="627"></glyph.data></g><g transform="matrix(.0091,0,0,-0.0091,15.45,3.132)"><path d="M696 437H516V411C580 402 587 397 574 345C555 271 527 183 505 114H503C461 222 420 328 383 432H357C315 316 278 214 241 118H239C214 195 189 274 165 350C151 396 156 402 216 411V437H9V411C57 405 65 398 83 346C125 226 162 108 199 -11H227C267 100 308 199 346 300C387 195 428 97 468 -11H497C542 124 587 257 617 337C637 392 646 404 696 411V437Z" id="g190-120"></path><glyph.data ascent="989" descent="-360" horiz-adv-x="685" vert-adv-y="685"></glyph.data></g><g transform="matrix(.0091,0,0,-0.0091,21.683,3.132)"><path d="M319 325C317 349 306 409 297 431C277 440 250 449 209 449C117 449 57 389 57 319C57 243 122 209 182 182C232 159 261 135 261 91C261 48 227 21 190 21C130 21 85 79 68 145L41 140C41 104 51 36 58 22C75 7 121 -12 172 -12C252 -12 337 35 337 126C337 195 286 231 210 262C166 281 126 304 126 348C126 388 152 417 191 417C240 417 274 378 294 318L319 325Z" id="g190-116"></path><glyph.data ascent="989" descent="-360" horiz-adv-x="367" vert-adv-y="367"></glyph.data></g></svg></span></td><td align="center">Wind energy selling price</td><td align="center">Rs. 2.75 per kWh</td></tr><tr><td align="left"><span style="width: 21.1991ptpx;"><svg height="11.927pt" id="M100" style="vertical-align:-3.291101pt" version="1.1" 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93C459 23 495 -1 592 -8H600L610 18ZM480 485C480 424 449 372 403 342C374 323 338 316 293 316H245L291 562C296 589 301 601 311 608S337 618 358 618C432 618 480 575 480 485Z" id="g113-83"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="627" vert-adv-y="627"></glyph.data></g><g transform="matrix(.0091,0,0,-0.0091,15.45,3.132)"><path d="M538 684C542 703 539 710 529 710C512 710 455 682 363 674L361 644H396C444 644 448 642 438 594L405 438C373 450 347 451 336 451C288 451 200 416 147 374C69 312 24 207 24 113C24 29 60 -12 94 -12C126 -12 156 4 196 30C231 53 296 100 346 166H348L328 81C311 10 325 -12 348 -12C380 -12 450 24 512 98L495 125C466 97 431 70 417 70C408 70 408 80 411 98L538 684ZM390 373L361 240C336 196 210 56 145 56C132 56 113 73 113 131C113 216 156 338 220 379C243 394 266 402 303 402C331 402 375 388 390 373Z" id="g50-101"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="564" vert-adv-y="564"></glyph.data></g></svg></span></td><td align="center">Diesel energy generation price</td><td align="center">Rs. 22 per kWh</td></tr><tr><td align="left">ir</td><td align="center">Rate of interest</td><td align="center">12%</td></tr><tr><td align="left">ifr</td><td align="center">Inflation rate</td><td align="center">7%</td></tr><tr><td align="left">idr</td><td align="center">Discounted rate of interest</td><td align="center"><span style="width: 68.9043ptpx;"><svg height="26.4712pt" id="M101" style="vertical-align:-9.614601pt" version="1.1" viewbox="-0.0498162 -16.8566 68.9043 26.4712" width="68.9043pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,1.38065e-005)"><path d="M473 -672C287 -482 178 -118 178 271C178 661 285 1024 473 1214L447 1243C202 1022 91 668 91 272V271C91 -129 202 -485 447 -701L473 -672Z" id="g119-149"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="560" vert-adv-y="560"></glyph.data></g><g transform="matrix(.013,0,0,-0.013,10.499,-8.508)"><path d="M384 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id="g113-50"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="480" vert-adv-y="480"></glyph.data></g></svg></span></td></tr><tr><td align="left">omr</td><td align="center">O&amp;M charges of battery as % of investment cost</td><td align="center">3%</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

Modelling and Simulation in Engineering

tab4

Table 4

Table 4: Optimized Sizing, Selection, and Economic Analysis of Battery Energy Storage for Grid-Connected Wind-PV Hybrid System 