Analysis of hybrid solutions with Li-ion battery system for DP-2 vessels

An economical approach for incorporating Battery Energy Storage Systems (BESS) onto DP-2 vessels is presented in this research. The paper deals with developing a Battery Optimization for Optimal Sizing and Throughput Energy Regulation (BOOSTER) framework for putting research findings into practice by optimizing battery size, technology choice and power generation scheduling while considering battery degradation. Twelve battery sizes are analyzed based on three key performance metrics: return on investment, payback period, and years of profitability. A Mixed Integer Linear Programming (MILP) is developed to operate the energy and power management system of the vessel in a fuel and economically efficient manner. The study considers two load profiles of a DP-2 vessel operating near Taiwan and the North Sea. Our findings emphasize the significance of taking battery ownership costs in the form of energy throughput cost and fuel price into account, resulting in a longer battery lifetime and higher return on investment. The research also proposes a BESS operation matrix that provides vessel operators with valuable information on BESS usage for economic benefits. This matrix translates analytics and decision-making into tangible actions that can be implemented in real-time operations. Based on the findings, energy systems may be optimized for a sustainable future, which benefits vessel operators and industry stakeholders.