Techno-economic review of existing and new pumped hydro energy storage plant
AbstractThere has been a renewed commercial and technical interest in pumped hydro energy storage (PHES) recently with the advent of increased variable renewable energy generation and the development of liberalized electricity markets. During the next 8 years over 7Â GW of PHES capacity will be added to the European network while projects are also planned in the USA and Japan. This paper provides a review of existing and proposed PHES plant and discusses the technical and economic drivers for these developments. Current trends for new PHES development generally show that developers operating in liberalized markets are tending to repower, enhance projects or build 'pump-back' PHES rather than traditional 'pure pumped storage'. Capital costs per kW for proposed PHES in the review region range between [euro]470/kW and [euro]2170/kW, however these costs are highly site and project specific. An emergence has also been observed in recent PHES developments of the use of variable speed technology. This technology, while incurring slightly higher capital costs, offers a greater range of operational flexibility and efficiency over conventional PHES. This paper has primarily been prompted by a lack of detailed information on PHES facilities worldwide and reviews current developments in the context of market and generation mix changes. The most recent large scale review of PHES faculties was undertaken by the American Society of Civil Engineers Hydro Power Task Committee on Pumped Storage in 1996. In the absence of data in the literature on new PHES plant development, this review draws primarily on publicly available information from utilities, government bodies and electricity regulators. In the same context this study is limited to a review region of the European Union, Japan and the United States as information on developments outside these areas is difficult to procure. This paper also gives a review of locations and proposed timelines for new PHES development and provides a thorough up-to-date overview of the development trends of this technology.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Renewable and Sustainable Energy Reviews.
Volume (Year): 14 (2010)
Issue (Month): 4 (May)
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Zvonimir Glasnovic & Karmen Margeta & Visnja Omerbegovic, 2013. "Artificial Water Inflow Created by Solar Energy for Continuous Green Energy Production," Water Resources Management, Springer, vol. 27(7), pages 2303-2323, May.
- Helge Bormann & Inge Andersen Martinez, 2014. "Towards an Indicator Based Framework Analysing the Suitability of Existing Dams for Energy Storage," Water Resources Management, Springer, vol. 28(6), pages 1613-1630, April.
- Connolly, D. & Lund, H. & Finn, P. & Mathiesen, B.V. & Leahy, M., 2011. "Practical operation strategies for pumped hydroelectric energy storage (PHES) utilising electricity price arbitrage," Energy Policy, Elsevier, vol. 39(7), pages 4189-4196, July.
- Ardizzon, G. & Cavazzini, G. & Pavesi, G., 2014. "A new generation of small hydro and pumped-hydro power plants: Advances and future challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 746-761.
- Zubi, Ghassan, 2011. "Technology mix alternatives with high shares of wind power and photovoltaics—case study for Spain," Energy Policy, Elsevier, vol. 39(12), pages 8070-8077.
- Zafirakis, Dimitrios & Chalvatzis, Konstantinos J. & Baiocchi, Giovanni & Daskalakis, George, 2013. "Modeling of financial incentives for investments in energy storage systems that promote the large-scale integration of wind energy," Applied Energy, Elsevier, vol. 105(C), pages 138-154.
- Ming, Zeng & Junjie, Feng & Song, Xue & Zhijie, Wang & Xiaoli, Zhu & Yuejin, Wang, 2013. "Development of China's pumped storage plant and related policy analysis," Energy Policy, Elsevier, vol. 61(C), pages 104-113.
- Loisel, Rodica & Mercier, Arnaud & Gatzen, Christoph & Elms, Nick & Petric, Hrvoje, 2010. "Valuation framework for large scale electricity storage in a case with wind curtailment," Energy Policy, Elsevier, vol. 38(11), pages 7323-7337, November.
- Krajacic, Goran & Duic, Neven & Tsikalakis, Antonis & Zoulias, Manos & Caralis, George & Panteri, Eirini & Carvalho, Maria da Graça, 2011. "Feed-in tariffs for promotion of energy storage technologies," Energy Policy, Elsevier, vol. 39(3), pages 1410-1425, March.
- Kapsali, M. & Kaldellis, J.K., 2010. "Combining hydro and variable wind power generation by means of pumped-storage under economically viable terms," Applied Energy, Elsevier, vol. 87(11), pages 3475-3485, November.
- Díaz-González, Francisco & Sumper, Andreas & Gomis-Bellmunt, Oriol & Villafáfila-Robles, Roberto, 2012. "A review of energy storage technologies for wind power applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 2154-2171.
- Mason, I.G. & Page, S.C. & Williamson, A.G., 2013. "Security of supply, energy spillage control and peaking options within a 100% renewable electricity system for New Zealand," Energy Policy, Elsevier, vol. 60(C), pages 324-333.
- Sioshansi, Ramteen & Denholm, Paul & Jenkin, Thomas, 2011. "A comparative analysis of the value of pure and hybrid electricity storage," Energy Economics, Elsevier, vol. 33(1), pages 56-66, January.
- Shkolnikov, E.I. & Zhuk, A.Z. & Vlaskin, M.S., 2011. "Aluminum as energy carrier: Feasibility analysis and current technologies overview," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4611-4623.
- Katrin Schmitz & Bjarne Steffen & Christoph Weber, 2013. "Incentive or impediment? The impact of capacity mechanisms on storage plants," RSCAS Working Papers 2013/46, European University Institute.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.