Abstract
This paper presents a technical and financial analysis of the results pertaining Costa Rica, from a larger study for optimal capacity, allocation and use strategy, for distributed Battery Energy Storage Systems (BESS) in the Central American power grid. The study results indicate a total BESS capacity of 688 MWh / 100 MW for Costa Rica, with an estimated investment cost of approximately USD 63.29 M by 2024 and a Levelized Cost of Electricity (LCOE) of 53.04 USD/MWh. The technical feasibility of BESS implementation is established, and the financial analysis indicates that the initial installation costs do not jeopardize the project's financial viability. The recent trend of decreasing costs has resulted in a lower Levelized Cost of Energy (LCOE) compared to that of the corresponding thermal generation unit.
| Original language | English |
|---|---|
| Title of host publication | 2024 IEEE 42nd Central America and Panama Convention, CONCAPAN 2024 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Edition | 2024 |
| ISBN (Electronic) | 9798350366723 |
| DOIs | |
| State | Published - 2024 |
| Event | 42nd IEEE Central America and Panama Convention, CONCAPAN 2024 - San Jose, Costa Rica Duration: 27 Nov 2024 → 29 Nov 2024 |
Conference
| Conference | 42nd IEEE Central America and Panama Convention, CONCAPAN 2024 |
|---|---|
| Country/Territory | Costa Rica |
| City | San Jose |
| Period | 27/11/24 → 29/11/24 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
Keywords
- demand response
- distribution grid planning
- hosting capacity
- load management
- power system planning
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