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

Table 8

Economic analysis without optimization.

Type	Energy delivered in kWh	Revenue earned (INR)	Benefits in INR for June	Annual benefits in INR	NPV	SPBP in yrs	DPBP in yrs	BCR	ACE in INR
Pb-acid	73,049	200,884	490,146	2,450,730	16,595,301	0.87	0.93	7.30	21,539.00
PSB	73,049	200,884	490,146	2,450,730	8,211,364	5.51	8.07	1.46	−5,005.00
VRB	73,049	200,884	490,146	2,450,730	7,365,298	6.61	10.66	1.33	−9,180.00
NaS	73,049	200,884	490,146	2,450,730	21,438,573	2.94	3.57	3.15	11,836.00
Li-ion	73,049	200,884	490,146	2,450,730	2,879,398	6.86	11.30	1.13	−14,142.00