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

Saahas Ajmera1

1

Publication Date: 2024/10/26

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.

Keywords: No Keywords Available

DOI: https://doi.org/10.38124/ijisrt/IJISRT24OCT743

PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT24OCT743.pdf

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