• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.24 no.10
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• pp.733-738
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• 2012

It is important issue to reduce the electric energy to save the operating cost of HVAC system. Even if electrical energy is the clean energy, it is difficult and takes high cost for storage of electricity. These cause the high peak load of electric energy for HVAC in summer season. In korea, government impose the electric charge with several grade for the purpose of cut-off the peak load of electricity. Government has a policy to support to design and install the heat/ice storage system using midnight electricity. In this study, analysis of cooling load and operating characteristics for ice storage system are performed. And, also economical efficiency is compared between ordinary charge system of electricity and midnight rate charge of electricity. The systematic and economical supports are needed for expansion of usage of energy saving equipments.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.29 no.11
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• pp.592-604
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• 2017

A chiller, having a thermal storage system, can contribute to load-leveling and can reduce the cost of electricity by using electricity at night. In this study, the control experiments and simulations are conducted using both conventional and advanced methods for the building cooling system. Advanced approaches, such as the "region control method", divide the control region into five zones according to the size of the building load, and determines the cooling capacities of the chiller and thermal storage. On the other hand, the "dynamic programming method" obtains the optimal cooling capacities of the chiller and thermal storage by selecting the minimum-cost path by carrying out repetitive calculations. The "thermal storage priority method" shows an inferior chiller performance owing to the low-part load operation, whereas the chiller priority method leads to a high electric cost owing to the low utilization of thermal storage and electricity at night. It has been proven that the advanced control methods have advantages over the conventional methods in terms of electricity consumption, as well as cost-effectiveness. According to the simulation results during the winter season, the electric cost when using the dynamic programming method was 6.5% and 8.9% lower than that of the chiller priority and the thermal storage priority methods, respectively. It is therefore concluded that the cost of electricity utilizing the region control method is comparable to that of the dynamic programming method.

• Journal of Institute of Control, Robotics and Systems
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• v.7 no.1
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• pp.1211-1217
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• 2001

This paper presnts a controller for the heat capacity of thermal storage systems using off-peak electricity which is composed of an identifier using neural networks and a storage time adjuster in order to store exactly the required thermal energy without loss. Since thermal storage systems have nonlinear characteristics and large time constant, even if we predict the heating load accurately, it is very difficult to store exactly the required thermal energy. Thus, in the neural network for the identifier, the adaptive learning rate for high learning speed and bit inputs based on state changes of thermal storage power source are used. Also a hardware for the controller using a microprocessor is developed. The performance of the proposed controller is shown by experiment.

• Korean Journal of Chemical Engineering
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• v.36 no.1
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• pp.12-20
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• 2019

An energy storage system consisting of a battery and a power-to-methanol (PtM) unit was investigated to develop an energy storage system for renewable energy systems. A nonlinear programming model was established to optimize the energy storage system. The optimal installation capacities of the battery and power-to-methanol units were determined to minimize the cost of the energy system. The cost from a renewable energy system was assessed for four configurations, with or without energy storage units, of the battery and the power-to-methanol unit. The proposed model was applied to the modified electricity supply and demand based on published data. The results show that value-adding units, such as PtM, need be included to build a stable renewable energy system. This work will significantly contribute to the advancement of electricity supply and demand management and to the establishment of a nationwide policy for renewable energy storage.

• Proceedings of the Korean Geotechical Society Conference
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• 2006.10a
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• pp.169-178
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• 2006

The pumped-storage power system is the one of the hydroelectric power systems, generating electricity with hydraulic head difference. In this system, the electricity is produced during the hours of peak demand by using water that has been pumped into an upper reservoir from a lower reservoir during the hours of low demand. Generally, the system consists of an under-ground power house and tunnels such as the headrace, pressure, and tailrace tunnels. The Chungsong pumped-storage power station is the sixth one In the pumped-storage power station in Korea. Both the regional self-government and the population of chungsong -Goon had made a great effort to draw this power station construction into this area. The proposed Chungsong pumped-power station construction project was accepted by the central government as a part of the national electricity plan for the first time in Korea.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.7
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• pp.1125-1129
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• 2015

Increasing peak load is one of the major concerns about operation of urban railroad systems. Since ESSs (Energy Storage Systems) have a great potential for shaving the peak load, there has been a growing interest in the use of ESS for peak load reduction. Also, ESS can be optimally scheduled to minimize the electricity purchasing cost under a given ToU (Time-of-Use) tariff by taking advantage of electricity price difference between peak and off-peak time. This paper presents a Mixed Integer Programming (MIP)-based ESS scheduling method to minimize the electricity purchasing cost under a ToU tariff for an urban railroad system.

• New & Renewable Energy
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• v.16 no.1
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• pp.1-14
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• 2020

Liquid air energy storage (LAES) using gas liquefaction has attracted considerable attention because of its mature technology, high energy density, few geographical constraints, and long life span. On the other hand, LAES has not yet been commercialized and is being developed recently. Therefore, few studies have performed an economic analysis of LAES. In this study, the levelized cost of electricity was calculated and compared with that of other energy storage systems. As a result, the levelized cost of electricity of LAES was $371/MWh. This is approximately $292/MWh, $159/MWh, $118/MWh, and $3/MWh less than that of the LiCd battery, VRFB battery, Lead-acid battery, and NaS battery. In addition, the cost was approximately $62/MWh and $195/MWh more than that of Fe-Cr flow battery and PHS. Sensitivity analysis of the levelized cost of electricity according to the main economic factors was performed, and economic uncertainty analysis was performed through a Monte-Carlo simulation. The cumulative probability curve showed the levelized cost of electricity of LAES, reflecting price fluctuations in the air compressor cost, electricity cost, and standing reserve hourly fee.

• Journal of Hydrogen and New Energy
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• v.15 no.4
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• pp.324-332
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• 2004

According to the rapid depletion of the fossil fuels, the electricity and hydrogen will gradually take charge of the future energy supply. Especially, in order to control the supply and demand of electricity, energy storage medium is necessary and this could be solved by the combination of water electrolysis and fuel cell. Although electricity can be generated from such alternative energies as hydropower, nuclear, solar, and wind-power resources, alternative energy storage medium is also required since regenerative energies, solar and wind-powers, are intermittent energy resources. In this regard, hydrogen production from water electrolysis was recognized as a superb method for electricity storage. In this work, the current development and economic status of alkaline, solid polymer, and high temperature electrolysis were reviewed, and then the practical use of water electrolysis technology were discussed.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.1
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• pp.21-28
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• 2013

The paper proposes an optimal sizing method of a customer's battery energy storage system (BESS) which aims at managing the electricity demand of the customer to minimize electricity cost under the time of use(TOU) pricing. Peak load limit of the customer and charging and discharging schedules of the BESS are optimized on annual basis to minimize annual electricity cost, which consists of peak load related basic cost and actual usage cost. The optimal scheduling is used to assess the maximum cost savings for all sets of candidate capacities of BESS. An optimal size of BESS is determined from the cost saving curves via capacity of BESS. Case study uses real data from an apartment-type factory customer and shows how the proposed method can be employed to optimally design the size of BESS for customer demand management.

• Clean Technology
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• v.29 no.1
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• pp.53-58
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• 2023

This study shows the summary of the economic performance of excess electricity conversion to hydrogen as well as methane and returned conversion to electricity using a fuel cell. The methane production process has been examined in a previous study. Here, this study focuses on the conversion of methane to electricity. As a part of this study, capital expenditure (CAPEX) is estimated under various sized plants (0.3, 3, 9, and 30 MW). The study shows a method for economic optimization of electricity generation using a fuel cell. The CAPEX and operating expenditure (OPEX) as well as the feed cost are used to calculate the discounted cash flow. Then the levelized cost of returned electricity (LCORE) is estimated from the discounted cash flow. This study found the LCORE value was ¢10.2/kWh electricity when a 9 MW electricity generating fuel cell was used. A methane production plant size of 1,500 Nm³/hr, a methane production cost of $11.47/mcf, a storage cost of $1/mcf, and a fuel cell efficiency of 54% were used as a baseline. A sensitivity analysis was performed by varying the storage cost, fuel cell efficiency, and excess electricity cost by ±20%, and fuel cell efficiency was found as the most dominating parameter in terms of the LCORE sensitivity. Therefore, for the best cost-performance, fuel cell manufacturing and efficiency need to be carefully evaluated. This study provides a general guideline for cost performance comparison with LCORE.