| Summary: | This paper presents an analysis on using an on-board energy storage device (ESD) for enhancing braking energy re-use in electrified railway transportation. A simulation model was developed in the programming language C++ to help with the sizing of the ESD. The simulation model based on the mathematical description has been proposed for a train equipped with on-board ESD for analysis of effectiveness of its application. A case study was carried out for a metro line taking into consideration train characteristics, track alignment, line velocity limits and a running time table. This case study was used to assess the energy savings and perform a cost-benefit analysis for different sizes of the on-board ESD by applying the proposed approach. It was shown that when additional environmental benefits (reduction of CO<sub>2</sub> emissions) are considered, this may significantly improve effectiveness of the investments due to CO<sub>2</sub> European Emission allowances.
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