González-Prida, VicenteFuente Carmona, Antonio de laGuillén López, Antonio JesúsGómez Fernández, Juan FranciscoCrespo Márquez, Adolfo2025-02-252025-02-252024-12González-Prida, V., Fuente Carmona, A.d.l., Guillén López, A.J., Gómez Fernández, J.F. y Crespo Márquez, A. (2024). Integrating Digitalization and Asset Health Index for Strategic Life Cycle Cost Analysis of Power Converters. Information, 15 (12), 749. https://doi.org/10.3390/info15120749.2078-2489https://hdl.handle.net/11441/169359© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).In the context of energy storage systems, optimizing the life cycle of power converters is crucial for reducing costs, making informed decisions, and ensuring sustainability. This study presents a comprehensive methodology for calculating the life cycle cost (LCC) of power converters, employing a nine-step process that integrates digitalization, Internet of Things (IoT) technologies, and the Asset Health Index (AHI). The methodology adapts the Woodward model to provide a detailed cost analysis, encompassing the acquisition, operation, maintenance, and end-of-life phases. Our findings reveal significant insights into asset management, highlighting the importance of preventive and major maintenance in controlling failure rates and extending asset life. This study concludes that adopting sustainable business models and leveraging advanced technologies can enhance the reliability and maintainability of power converters, ultimately leading to more competitive and environmentally friendly energy storage solutions.application/pdf27 p.engAttribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/Asset managementCost analysisDigitalizationEnergy storageIoTLife cycle costMaintenance managementPower convertersSustainabilityinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccesshttps://doi.org/10.3390/info15120749