Cost Analysis of Low-Voltage Photovoltaic Energy Storage Units in Laos

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4 FAQs about Cost Analysis of Low-Voltage Photovoltaic Energy Storage Units in Laos

Can life cycle cost analysis be used in photovoltaic systems?

Solar energy, especially through photovoltaic systems, is a widespread and eco-friendly renewable source. Integrating life cycle cost analysis (LCCA) optimizes economic, environmental, and performance aspects for a sustainable approach. Despite growing interest, literature lacks a comprehensive review on LCCA implementation in photovoltaic systems.

What is a solar photovoltaic system?

Solar photovoltaic (PV) systems convert solar energy into electrical energy using semiconductor materials that exhibit the photovoltaic effect. PV systems are a sustainable energy solution, contributing to reducing life cycle costs and environmental impacts in service life planning of buildings and assets (STANDARD-BS 2017).

Can energy storage systems improve PV accommodation capacity?

The use of only flexible interconnections between distribution areas with a high proportion of PVs may not achieve complete PV accommodation. Furthermore, some scholars have demonstrated that the accommodation capacity of PV can be improved by configuring energy storage systems (ESSs) [18-20].

Does LCOE measure cost-effectiveness of solar PV systems?

The LCOE for System- 3 was found to be 0.033 $/kWh, indicating its cost-effectiveness in electricity generation compared to other integrated systems (Yang et al. 2019). Table 13 shows the economic analysis of solar PV systems through LCCA highlights the importance of using LCOE to measure long-term cost-effectiveness.