Title: Levelised cost of storage analysis for an energy storage system based on reversible solid oxide cell technology

Authors: Muiz Adekunle Agbaje; Ali Volkan Akkaya

Addresses: Department of Mechanical Engineering, Yildiz Technical University, Istanbul 34349, Turkey ' Department of Mechanical Engineering, Yildiz Technical University, Istanbul 34349, Turkey

Abstract: The levelised cost approach is employed in this study to analyse the cost of a distributed scale standalone reversible solid oxide cell (ReSOC)-based energy storage system. The levelised cost of storage (LCOS) and the storage cost (SC) of the ReSOC system are computed and compared with other storage technologies. The LCOS and SC of the considered system are determined as $0.36/kWh and $0.09/kWh/cycle, respectively. Also, 156 tons/year emission reduction was achieved. The system analysis showed that the scale, capital and electricity cost, and roundtrip efficiency highly influence the system's economic performance.

Keywords: levelised cost of storage; energy storage; reversible solid oxide cell; economic analysis; emission reduction.

DOI: 10.1504/IJGW.2023.132273

International Journal of Global Warming, 2023 Vol.30 No.4, pp.367 - 385

Received: 06 Aug 2022
Received in revised form: 02 Jan 2023
Accepted: 03 Jan 2023
Published online: 14 Jul 2023 *

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