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Finance and Financial Management

Air Force Institute of Technology

2020

Lifecycle cost

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Investigating Lifecycle Costs Of Optimized Battery-Photovoltaic Systems On A Forward Operating Base, Neal S. Fennell Mar 2020

Investigating Lifecycle Costs Of Optimized Battery-Photovoltaic Systems On A Forward Operating Base, Neal S. Fennell

Theses and Dissertations

The purpose of this research was to investigate the total life-cycle cost of using utility-scale battery systems to increase the energy efficiency of forward operating bases, thereby reducing the burden of diesel fuel logistics. Specifically, this thesis answered three research questions addressing optimal sizing for various battery types connected with photovoltaic grids, logistical parameters directly impacting total cost, and the cost of increasing the energy resilience of the network. The research questions were answered through a review of literature, modeling, and data analysis. The model determines an optimal size and area for a Vanadium redox flow, Lithium-ion, or Lead-acid battery …