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A novel characteristic-based degradation model of Li-ion batteries for maximum financial benefits of energy storage system during peak demand reductions

Electric BatteryElectrical EngineeringEngineeringEnergy EfficiencyEnergy ManagementLithium-ion BatteriesHome Energy StorageLi-ion BatteriesEnergy StorageMaximum Financial BenefitsPeak Demand ReductionsEnergy Storage SystemBatteriesBattery Degradation