Economic Analysis of Interaction between Distributed Photovoltaics and Energy Storage Based on Full Life Cycle

This study explores the economics of the interaction between distributed photovoltaic and energy storage systems based on a full life cycle analysis. By calculating the internal rate of return, this study evaluates the microgrid economic without and with their interaction. The findings indicate that the interaction between microgrid and distribution grid can effectively enhance the economic viability of the microgrid. Through case analysis, this paper provides reference for investment decisions.