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Higher peak-to-valley price difference and longer peak hours increase the viability of energy storage, while a larger cooling load promotes the application of cooling storage. PV not only offers significant economic advantages, but also enhances the energy storage system's capability.
In the Beijing mall, when PV penetration reaches 40%, the cost savings for 0.006 $/ (a·kWh e) energy storage investment increase from 2.5% to 6.2%. Battery Adoption in the Future: Batteries are the inevitable future mainstream for energy storage systems.
For instance, in Nanchang, the energy storage system without PV is impractical, while the incorporation of PV can lead to an additional 4% reduction in costs by energy storage. Similarly, the installation of PV increases the cost saving of energy storage from 2.5% to 6.2% in Beijing.
The overall economic performance of energy storage improves with the incorporation of PV, while the optimal cooling storage rate decreases. The rightmost three panels in Fig. 7 (c) illustrate the cost savings for three scenarios: installing PV alone, PV with cooling storage, and PV with a 0.006 $/ (a·kWh e) energy storage investment cost.
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