LAPSE:2023.31895
Published Article
LAPSE:2023.31895
Economics of Battery Use in Agriculture: Economic Viability of Renewable Energy Complemented with Batteries in Agriculture
Clemens Fuchs, Axel Poehls, Katharina Skau, Joachim Kasten
April 19, 2023
Abstract
The production of renewable energy fluctuates in terms of sun and wind and must be supplemented by storage in the system. On an individual basis, i.e., for centralized electricity production and predominantly self-consumption, the use of batteries is considered here. Possible future development scenarios were simulated based on current price relationships (status quo). In the status quo, a selling price for PV electricity of 13 Euro cents (ct)ct/kWh was assumed with a production cost of 11 ct/kWh. The selling price of wind power is 5 ct/kWh with a production cost of 3 ct/kWh. The cost of storing electricity in a battery increases the price by 33 ct/kWh. A price of 20 ct/kWh is assumed for electricity purchases by companies. In the status quo, the use of batteries is not economical given the assumed price relationships. Changing the framework conditions, such as those of the legislature in Germany with the nuclear power phase-out and in the EU with the coal exit and decarbonization, will lead to increased availability of (fluctuating) renewable electricity, especially during the day. The purchase of electricity at other times, when the supply is scarce, can lead to increased electricity prices, especially at night. Together with falling costs for storage, the use of batteries for centralized power generators could be very interesting in the future. The method used in this study is nonlinear optimization of the target function costs of electricity supply in the developed simulation model. The results can also be transferred to other countries, as the assumed trends apply worldwide.
Keywords
battery, PV system, Renewable and Sustainable Energy, wind turbine
Suggested Citation
Fuchs C, Poehls A, Skau K, Kasten J. Economics of Battery Use in Agriculture: Economic Viability of Renewable Energy Complemented with Batteries in Agriculture. (2023). LAPSE:2023.31895
Author Affiliations
Fuchs C: Department of Agriculture and Food Sciences, University of Applied Sciences, 17033 Neubrandenburg, Germany [ORCID]
Poehls A: Department of Agriculture and Food Sciences, University of Applied Sciences, 17033 Neubrandenburg, Germany
Skau K: Department of Agriculture and Food Sciences, University of Applied Sciences, 17033 Neubrandenburg, Germany
Kasten J: Department of Agriculture and Food Sciences, University of Applied Sciences, 17033 Neubrandenburg, Germany
Journal Name
Energies
Volume
14
Issue
9
First Page
2430
Year
2021
Publication Date
2021-04-24
ISSN
1996-1073
Version Comments
Original Submission
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PII: en14092430, Publication Type: Journal Article
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LAPSE:2023.31895
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https://doi.org/10.3390/en14092430
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