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An Evaluation of the Levelised Cost of Storage of Buoyancy Energy Storage Technology at Smaller Scales

Year: 2024

Type: article

Abstract: Buoyancy Energy Storage Technology (BEST) offers a promising solution to the intermittency of renewable energy sources like wind and solar. This paper aims to evaluate the feasibility of using BEST for small- scale energy storage applications. The methodology involves calculating the levelized cost of storage (LCOS) and energy capacity of two BEST variants: Fabric BEST and Reeling BEST. Results indicate that Fabric BEST can store 96 kWh per cycle with an LCOS of $356.73/MWh, while Reeling BEST stores less energy at a significantly higher cost of $683/MWh.

Source: International Journal of Innovative Science and Research Technology (IJISRT)

DOI: 10.38124/ijisrt/ijisrt24oct743

Author: Saahas Ajmera

Language: English

Topic: Power Systems and Renewable Energy

Subfield: Energy Engineering and Power Technology

Field: Energy

Domain: Physical Sciences

SDGs: Affordable and clean energy, Climate action, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4403790324

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Cites: 61

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Related to: 10