Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)

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Economic Evaluation and Investment Decision-Making of Energy Storage System Under the Perspective of Uncertain Market Returns

Authors
Ying Meng1, Yuming Huang2, *
1Sinopec Lubricant Company, Beijing, 100085, China
2North China Electric Power University, Beijing, 100096, China
*Corresponding author. Email: huangyuming2023@163.com
Corresponding Author
Yuming Huang
Available Online 22 November 2024.
DOI
10.2991/978-94-6463-570-6_64How to use a DOI?
Keywords
Energy storage plant; Economics; NPV; IRR; Sensitivity analysis
Abstract

Under the dual-carbon background, China is vigorously developing a new type of power system mainly based on renewable energy power generation, and energy storage technology, as a key support for energy transition and large-scale application of renewable energy, is facing challenges in investment economics, technology and policy environment, despite its huge potential. Among them, investment economics is the most pressing, with uncertainties such as return on investment cycles and market fluctuations seriously affecting investors’ motivation to invest, which is not conducive to attracting investment in energy storage projects. In view of the exorbitant risk of energy storage investment. This paper uses a techno-economic assessment to evaluate energy storage’s financial viability, focusing on a typical electrochemical storage plant in Shandong. It conducts a sensitivity analysis to understand key factors influencing the economics of such projects, aiming to inform market participants’ decisions.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
22 November 2024
ISBN
978-94-6463-570-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-570-6_64How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ying Meng
AU  - Yuming Huang
PY  - 2024
DA  - 2024/11/22
TI  - Economic Evaluation and Investment Decision-Making of Energy Storage System Under the Perspective of Uncertain Market Returns
BT  - Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
PB  - Atlantis Press
SP  - 647
EP  - 655
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-570-6_64
DO  - 10.2991/978-94-6463-570-6_64
ID  - Meng2024
ER  -