Storing energy for cooling demand management in tropical climates: A techno-economic comparison between different energy storage technologies

Abstract

This paper addresses the role of energy storage in cooling applications. Cold energy storage technologies addressed are: Li-Ion batteries (Li-Ion EES), sensible heat thermal energy storage (SHTES); phase change material (PCM TES), compressed air energy storage (CAES) and liquid air energy storage (LAES). Batteries and CAES are electrical storage systems which run the cooling systems; SHTES and PCM TES are thermal storage systems which directly store cold energy; LAES is assessed as a hybrid storage system which provides both electricity (for cooling) and cold energy. A hybrid quantitative-qualitative comparison is presented. Quantitative comparison was investigated for different sizes of daily cooling energy demand and three different tariff scenarios. A techno-economic analysis was performed to show the suitability of the different storage systems at different scales. Three parameters were used (Pay-back period, Savings-per-energy-unit and levelized-cost-of-energy) to analyze and compare the different scenarios. The qualitative analysis was based on five comparison criteria (Complexity, Technology Readiness Level, Sustainability, Flexibility and Safety). Results showed the importance of weighing the pros and cons of each technology to select a suitable cold energy storage system. Techno-economic analysis highlighted the fundamental role of tariff scenario: a greater difference between peak and off-peak electricity tariff leads to a shorter payback period of each technology.