• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.7
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• pp.3016-3021
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• 2011

While there is ample information on the investment plans about Korea's selected new growth businesses, it is hard to find any analysis on the valuation of the projects. In this paper, I intend to do a valuation for the three particular technologies, which are solar cell, automotive battery, and bio-pharmaceutical, based on compound option model so that the valuation can capture not only the expected net cash flow but also the value originated from the flexibility of the decision maker. In addition, the real option pricing theory is reviewed and its practical limitations are thoroughly investigated.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.8
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• pp.1347-1354
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• 2016

This paper presents optimal operational scheduling model and economic assessment of Li-ion battery energy storage systems installed in non-residential customers. The operation schedule of a BESS is determined to minimize electric bill, which is composed of demand and energy charges. Dynamic programming is introduced to solve the nonlinear optimization problem. Based on the optimal operation schedule result, the economics of a BESS are evaluated in the investor and the social perspective respectively. Calculated benefits in the investor or customer perspective are the savings of demand charge, energy charge, and related taxes. The social benefits include fuel cost savings of generating units, construction deferral effects of the generation capacity and T&D infra, and incremental CO2 emission cost impacts, etc. Case studies are applied to an large industrial customer that shows similarly repeated load patterns according to days of the week.

• Journal of Power Electronics
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• v.7 no.4
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• pp.318-327
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• 2007

The design and performance analysis of a power factor corrected (PFC), single-phase, single switch flyback buck-boost ac-dc converter is carried out for low power battery charging applications. The proposed configuration of the flyback buck-boost ac-dc converter consists of only one switch and operates in discontinuous current mode (DCM), resulting in simplicity in design and manufacturing and reduction in input current total harmonic distortion (THD). The design procedure of the flyback buck-boost ac-dc converter is presented for the battery charging application. To verify and investigate the design and performance, a simulation study of the flyback buck-boost converter in DCM is performed using the PSIM6.0 platform. A laboratory prototype of the proposed single switch flyback buck-boost ac-dc converter is developed and test results are presented to validate the design and developed model of the system.

• Journal of Power Electronics
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• v.18 no.5
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• pp.1585-1594
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• 2018

The estimation of $LiFePO_4$/graphite battery states suffers from the prominent hysteresis phenomenon between the respective open-circuit voltage curves towards charging and discharging. A lot of hysteresis models have been documented to investigate the hysteresis mechanism. This paper reviews and deeply interprets four non-electrochemical hysteresis models and some improvements. These models can be conveniently incorporated into commonly used equivalent circuit models to reproduce battery behaviors. Through simulation and experimental comparisons of voltage predictions and state-of-charge estimations, the pros and cons of these models are presented.

• Journal of Advanced Marine Engineering and Technology
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• v.32 no.5
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• pp.677-683
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• 2008

The electric propulsion system us closely related with the economical efficiency of ship operation. Fuel efficiency is mainly decided by propulsion system such as diesel engine, propulsion motor and steam turbine. The hybrid propulsion system for fishing boat consists of diesel engine and battery as propulsion power source. This paper is to design battery capacity according to power consumption with ship operation condition, and to test the power consumption of model ship in the circulating water channel. As a result. it can be known that the optimum ship operation condition affects the fuel efficiency.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.29 no.2
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• pp.47-53
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• 2015

The study concerning about the grid connection of the large-capacity energy storage system(ESS) is increasing. However, the transient study such as lightning or switching surge necessarily occurred at power system with ESS has been hardly performed. Therefore, this paper performs the analysis of lightning surge in distribution system with ESS using electromagnetic transient program(EMTP). The battery model in Matlab/Simulink is modeled by EMTP, which is the specialized software for power system transient study. Also, the bi-directional power electronics for interconnection of the battery and distribution system are modeled by EMTP. When the lightning is occurred at interconnection point of ESS, this paper simulates the existence of ESS and operation conditions of ESS and analyzes the surge in distribution system and ESS according to the various conditions.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.10
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• pp.1432-1439
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• 2015

The solar array regulator supplies the electric power to the battery and the other units of a satellite by controlling the operating point of a solar array. In this paper, the solar array regulator composed with analog circuits is proposed. The solar array regulator has three modes. The first is a maximum power point tracking mode for harvesting the maximum photovoltaic power generation. The second is a power limitation mode which is designed for optimizing the volume and weight of the solar array regulator by preventing the excessive power conversion. The last constant voltage mode is proposed to keep the Li-Ion battery is not over-charge. The small signal model of the solar array regulator which has the reversed input and output variables in comparison with conventional converter is established and the stability is analysed. Finally, the proposed design of the solar array regulator is verified by experiments.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2022.05a
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• pp.683-685
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• 2022

By comparing the status quo of recycling of new energy vehicles and waste power batteries at home and abroad, analyze the central relationship between recycling of waste power batteries and the interaction between various factors in China, consider the characteristics of blockchain technology, organically integrate into the reverse recycling network, and quantify the relevant factors. Make use of the constructed model to simulate, forecast, and compare and analyze whether to adopt blockchain technology and, on this basis, analyze the intrinsic relationship between various variables. To explore the different effects brought by changing different countermeasures according to different subjects, and expand it to the factor analysis in the whole reverse recycling supply chain to help the government and operators and enterprises to make more objective and scientific decisions, to provide a particular reference for promoting the recycling of waste power batteries and the development of power battery manufacturing industry in China.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2017.05a
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• pp.735-737
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• 2017

An Off grid or remote solar electric systems are an energy supply to our home or to our companies without the utility of Grid at all. Off grid solar systems are very important for those who live in remote locations especially for developing countries where getting the electric grid is extremely expensive, inconvenient or for those who doesn't need to pay a monthly bill with the electric bill in general. The main critical components of any solar power system or renewable energy harvesting systems are the energy storage systems and its charge controller system. Energy storage systems are the essential integral part of a solar energy harvesting system and in general for all renewable energy harvesting systems. To provide an optimal solution of both high power density and high energy density at the same time we have to use hybrid energy storage systems (HESS), that combine two or more energy storage technologies with complementary characteristics. In this present work, design and simulation we use two storage systems supercapacitor for high power density and lithium based battery for high energy density. Here the system incorporates fast-response supercapacitors to provide power to manage solar smoothing and uses a battery for load shifting. On this paper discuss that the total energy throughout of the battery is much reduced and the typical thermal stresses caused by high discharge rate responses are mitigated by integrating supercapacitors with the battery storage system. In addition of the above discussion the off grid solar electric energy harvesting presented in this research paper includes battery and supercapacitor management system, MPPT (maximum power point tracking) system and back/boost convertors. On this present work the entire model of off grid electric energy harvesting system and all other functional blocks of that system is implemented in MATLAB Simulink.

• Journal of IKEEE
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• v.23 no.2
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• pp.667-674
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• 2019

The recent incidents of Nuclear Power Plant(NPP) gave rise to a total power outage caused by the loss of the functions of the off-site and the emergency power supply. Currently, emergency power supply of NPP have been taken into account by Li-ion batteries instead of existing lead-acid batteries. In order to judge the applicability of the cylindrical Li-ion battery, it is necessary to analysis the results of various electrical tests. This paper investigates the basic electrical characteristics test of three types of cylindrical batteries in order to select the most suitable battery and estimate state of battery through equivalent circuit model and propose method to solve the problem.