Strategic Integration of Second-Life Batteries: Incentive Mechanisms for Boosting Community Energy Self-Consumption

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dc.authorscopusid57796709200en_US
dc.authorscopusid57250837500en_US
dc.authorscopusid57466888500en_US
dc.authorscopusid54974113000en_US
dc.contributor.authorTerkes, M.
dc.contributor.authorDemirci, A.
dc.contributor.authorOzturk, Z.
dc.contributor.authorCali, U.
dc.date.accessioned2024-08-23T16:07:34Z
dc.date.available2024-08-23T16:07:34Z
dc.date.issued2024en_US
dc.departmentDüzce Üniversitesien_US
dc.description.abstractEnergy storage systems (ESS) can provide flexible and reliable energy management due to the rapid development of distributed renewable energy systems (RES). Second-life batteries (SLB) can overcome the environmental concerns and high investment costs related to fresh battery production. However, the integration of storage-based RES poses several challenges regarding optimal control strategy, power quality, and participation in the energy market. These questions can be listed as follows: Which economic strategy favors the integration of SLB-based storage? Which policy among the individual financial strategies can further improve the decision criteria in favor of the prosumer without causing power quality issues? Which measures should be taken, and which hybrid incentive mechanism should be proposed to complement the lacking feasibility performance of individual economic plans? To fill this gap, this study evaluates the feasibility of different incentive policies, individual or hybrid, considering prosumers’ self-consumption. Moreover, sensitivity analyses consider carbon tax (CT) and investment subsidies (INVs) for prosumers. The results show that the high purchase price of SLBs can be eliminated, provided that the 20% above investment subsidy for prosumers purchasing cheaper electricity. Adopting 1 $/t CT could reduce carbon emissions by up to 1.9 t/yr, and a 1% total investment subsidy could increase photovoltaic panel (PV) capacity by 11.28 kW. The prosumer benefit under net metering can be maximized if the total INV and CT are managed at 20% and 40 $/t in Türkiye. This study encourages investors and prosumers to sensibly plan a shared ESS in individual and hybrid incentive mechanisms. Authorsen_US
dc.identifier.doi10.1109/ACCESS.2024.3429578
dc.identifier.endpage1en_US
dc.identifier.issn2169-3536
dc.identifier.scopus2-s2.0-85199080402en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1en_US
dc.identifier.urihttps://doi.org/10.1109/ACCESS.2024.3429578
dc.identifier.urihttps://hdl.handle.net/20.500.12684/14733
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInstitute of Electrical and Electronics Engineers Inc.en_US
dc.relation.ispartofIEEE Accessen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCarbon taxen_US
dc.subjectCarbon taxen_US
dc.subjectCostsen_US
dc.subjectEconomicsen_US
dc.subjectElectricityen_US
dc.subjectfeed-in tariffen_US
dc.subjectGovernmenten_US
dc.subjectInvestmenten_US
dc.subjectinvestment subsidy rateen_US
dc.subjectnet billingen_US
dc.subjectnet meteringen_US
dc.subjectProductionen_US
dc.subjectrenewable energyen_US
dc.subjectCarbonen_US
dc.subjectCostsen_US
dc.subjectEconomic analysisen_US
dc.subjectElectric energy storageen_US
dc.subjectEnergy policyen_US
dc.subjectIntegrationen_US
dc.subjectOptimal control systemsen_US
dc.subjectPower qualityen_US
dc.subjectQuality controlen_US
dc.subjectRenewable energyen_US
dc.subjectSensitivity analysisen_US
dc.subjectCarbon taxesen_US
dc.subjectFeed-in tariffen_US
dc.subjectGovernmenten_US
dc.subjectInvestment subsidyen_US
dc.subjectInvestment subsidy rateen_US
dc.subjectNet billingen_US
dc.subjectNet meteringen_US
dc.subjectRenewable energiesen_US
dc.subjectSecond life batteriesen_US
dc.subjectInvestmentsen_US
dc.titleStrategic Integration of Second-Life Batteries: Incentive Mechanisms for Boosting Community Energy Self-Consumptionen_US
dc.typeArticleen_US

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