Economic Comparison Between a Battery and Supercapacitor for Hourly Dispatching Wave Energy Converter Power: Preprint
This paper demonstrates a successful dispatching scheme of slider-crank wave energy converter (WEC) production using two different kinds of energy storage systems, namely, (i) Li-ion battery and (ii) Supercapacitors (SC). The performance of two energy storage systems has been compared in order to develop the most economical energy storage system for WEC hourly dispatching scheme. The cost optimization of the energy storage system considering both cycling and calendar aging expenses is made based on its usage of depth of discharge (DOD). In this study, the extensive simulation is conducted in MATLAB/Simulink platform, and it is found that SC is a better candidate than Li-ion battery in terms of economic assessment for hourly dispatching WEC power.