Techno-Economic Assessment of Energy Storage Systems for Grid-Tied Solar Installations in Industrial Zones: A United States Perspective

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@article{1708737,
      author = {Modupe Arowolo, Oluremi Funmilayo Hamid, Marvin Baptiste},
      title = {Techno-Economic Assessment of Energy Storage Systems for Grid-Tied Solar Installations in Industrial Zones: A United States Perspective},
      journal = {Iconic Research And Engineering Journals},
      year = {2025},
      volume = {8},
      number = {8},
      pages = {951-963},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1708737.pdf},
      abstract = {This paper presents a comprehensive techno-economic assessment of energy storage systems (ESS) for grid-tied solar photovoltaic (PV) installations in industrial zones across the United States. The study evaluates lithium-ion batteries, flow batteries, sodium-sulfur batteries, and compressed air energy storage (CAES) based on cost-effectiveness, reliability, performance characteristics, and grid stability impacts. Using data from 2022-2024 installations, we analyze capital expenditure, operational expenditure, round-trip efficiency, cycle life, and response time to determine optimal storage solutions for different industrial load profiles. Results indicate that while lithium-ion batteries dominate current deployments due to decreasing costs and high efficiency, vanadium flow batteries offer compelling advantages for long-duration storage needs in high-energy industrial applications despite higher upfront costs. The findings provide a decision-making framework for industrial stakeholders considering solar-plus-storage systems under current U.S. regulatory and incentive structures, particularly in light of the Inflation Reduction Act provisions.},
      keywords = {Energy storage systems, grid-tied solar, industrial applications, lithium-ion batteries, flow batteries, techno-economic analysis, grid stability},
      month = {February},
  }