Calculate the installed capacity of energy storage based on annual electricity consumption

How to determine the capacity of energy storage equipment?

Considering the flexible potential and cost factors, the capacity of energy storage equipment can be reasonably determined in accordance with SSES and SES. The capacity of electricity storage equipment is closely related to the installed capacity of a renewable energy system.

What is the capacity of electricity storage equipment?

The capacity of electricity storage equipment is closely related to the installed capacity of a renewable energy system. Presenting a PV power generation system as an example, the installed capacity of PV power generation and the storage capacity of the battery must match each other.

How do you calculate annual energy production?

The following steps outline how to calculate the Annual Energy Production. First, determine the installed capacity of the system (P) in megawatts (MW). Next, determine the capacity factor (CF) of the system in percent (%). Next, multiply the installed capacity by the capacity factor and the number of hours in a year (8760).

How do you calculate installed capacity?

First, determine the installed capacity of the system (P) in megawatts (MW). Next, determine the capacity factor (CF) of the system in percent (%). Next, multiply the installed capacity by the capacity factor and the number of hours in a year (8760). Finally, divide the result by 100 to convert the capacity factor from a percentage to a decimal.

What determines the optimal configuration capacity of photovoltaic and energy storage?

The optimal configuration capacity of photovoltaic and energy storage depends on several factors such as time-of-use electricity price, consumer demand for electricity, cost of photovoltaic and energy storage, and the local annual solar radiation.

How is energy storage life determined?

The energy storage life is also determined by the actual operation strategy of energy storage; and in order to determine the operation strategy of energy storage, the configuration capacity of photovoltaic and energy storage must be given first.