Framework Assesses, Optimizes Economic Value of Lithium-ion Batteries
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Amanda King
Renewable-based power systems that have zero or low carbon emissions require on-demand energy storage like lithium-ion batteries. But, the degradation of these batteries is a major concern operationally and economically.
In a new paper, "An intertemporal decision framework for electrochemical energy storage management," published in Nature Energy, Carnegie Mellon University and Tsinghua University researchers propose a new framework that addresses the degradation of lithium-ion batteries — also known as electrochemical energy storage (EES). They do this by deriving, implementing and optimizing new metrics.