This technology proposes a dynamic valuation framework for lithium-ion batteries that models the opportunity value of battery capacity degradation to incorporate the cost into economic planning.
Operational parameters related to battery degradation, such as charging frequency, cycle degradation, and project lifetime, are essential for optimizing battery deployments in grid applications. However, current optimization algorithms consider degradation as a static variable. This can lead to the over-simplification of batteries’ value dependency on degradation-related parameters, and inefficient use of resources.
This technology is a dynamic battery valuation framework that models the impact of battery degradation while accounting for different categories of degradation, application value, and market environment. The proposed valuation framework uses real market data and compares the performance of new and second-life batteries.
IR CU23105
Licensing Contact: Dovina Qu