IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v137y2015icp501-510.html
   My bibliography  Save this article

Technoeconomic feasibility of grid storage: Mapping electrical services and energy storage technologies

Author

Listed:
  • Pearre, Nathaniel S.
  • Swan, Lukas G.

Abstract

Energy storage technologies can provide services to the electricity grid that are necessary for its usability, stability, and reliability. The services, such as power factor correction and renewable energy arbitrage, are defined by duration, cycling occurrence, power, and market price. Storage technologies suitable to these applications, such as pumped hydro and batteries, are defined by their usable energy, power, efficiency, operating range, availability, lifetime, and cost.

Suggested Citation

  • Pearre, Nathaniel S. & Swan, Lukas G., 2015. "Technoeconomic feasibility of grid storage: Mapping electrical services and energy storage technologies," Applied Energy, Elsevier, vol. 137(C), pages 501-510.
    • Handle: RePEc:eee:appene:v:137:y:2015:i:c:p:501-510
    DOI: 10.1016/j.apenergy.2014.04.050
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261914004036
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2014.04.050?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Rajagopal, 2014. "The Human Factors," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 9, pages 225-249, Palgrave Macmillan.
    2. Hartmann, Niklas & Vöhringer, O. & Kruck, C. & Eltrop, L., 2012. "Simulation and analysis of different adiabatic Compressed Air Energy Storage plant configurations," Applied Energy, Elsevier, vol. 93(C), pages 541-548.
    3. Sebastián, R. & Peña Alzola, R., 2012. "Flywheel energy storage systems: Review and simulation for an isolated wind power system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(9), pages 6803-6813.
    4. Steffen, Bjarne, 2012. "Prospects for pumped-hydro storage in Germany," Energy Policy, Elsevier, vol. 45(C), pages 420-429.
    5. Hessami, Mir-Akbar & Bowly, David R., 2011. "Economic feasibility and optimisation of an energy storage system for Portland Wind Farm (Victoria, Australia)," Applied Energy, Elsevier, vol. 88(8), pages 2755-2763, August.
    6. Mason, James E. & Archer, Cristina L., 2012. "Baseload electricity from wind via compressed air energy storage (CAES)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1099-1109.
    7. Madlener, Reinhard & Latz, Jochen, 2013. "Economics of centralized and decentralized compressed air energy storage for enhanced grid integration of wind power," Applied Energy, Elsevier, vol. 101(C), pages 299-309.
    8. Connolly, D. & Lund, H. & Mathiesen, B.V. & Pican, E. & Leahy, M., 2012. "The technical and economic implications of integrating fluctuating renewable energy using energy storage," Renewable Energy, Elsevier, vol. 43(C), pages 47-60.
    9. Deane, J.P. & Ó Gallachóir, B.P. & McKeogh, E.J., 2010. "Techno-economic review of existing and new pumped hydro energy storage plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(4), pages 1293-1302, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zakeri, Behnam & Syri, Sanna, 2015. "Electrical energy storage systems: A comparative life cycle cost analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 569-596.
    2. Jannelli, E. & Minutillo, M. & Lubrano Lavadera, A. & Falcucci, G., 2014. "A small-scale CAES (compressed air energy storage) system for stand-alone renewable energy power plant for a radio base station: A sizing-design methodology," Energy, Elsevier, vol. 78(C), pages 313-322.
    3. Foley, A. & Díaz Lobera, I., 2013. "Impacts of compressed air energy storage plant on an electricity market with a large renewable energy portfolio," Energy, Elsevier, vol. 57(C), pages 85-94.
    4. Rehman, Shafiqur & Al-Hadhrami, Luai M. & Alam, Md. Mahbub, 2015. "Pumped hydro energy storage system: A technological review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 586-598.
    5. Gallo, A.B. & Simões-Moreira, J.R. & Costa, H.K.M. & Santos, M.M. & Moutinho dos Santos, E., 2016. "Energy storage in the energy transition context: A technology review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 800-822.
    6. 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.
    7. Luo, Xing & Wang, Jihong & Dooner, Mark & Clarke, Jonathan, 2015. "Overview of current development in electrical energy storage technologies and the application potential in power system operation," Applied Energy, Elsevier, vol. 137(C), pages 511-536.
    8. Koohi-Kamali, Sam & Tyagi, V.V. & Rahim, N.A. & Panwar, N.L. & Mokhlis, H., 2013. "Emergence of energy storage technologies as the solution for reliable operation of smart power systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 135-165.
    9. de Bosio, Federico & Verda, Vittorio, 2015. "Thermoeconomic analysis of a Compressed Air Energy Storage (CAES) system integrated with a wind power plant in the framework of the IPEX Market," Applied Energy, Elsevier, vol. 152(C), pages 173-182.
    10. Facci, Andrea L. & Sánchez, David & Jannelli, Elio & Ubertini, Stefano, 2015. "Trigenerative micro compressed air energy storage: Concept and thermodynamic assessment," Applied Energy, Elsevier, vol. 158(C), pages 243-254.
    11. Stenzel, Peter & Linssen, Jochen, 2016. "Concept and potential of pumped hydro storage in federal waterways," Applied Energy, Elsevier, vol. 162(C), pages 486-493.
    12. Menéndez, Javier & Loredo, Jorge & Galdo, Mónica & Fernández-Oro, Jesús M., 2019. "Energy storage in underground coal mines in NW Spain: Assessment of an underground lower water reservoir and preliminary energy balance," Renewable Energy, Elsevier, vol. 134(C), pages 1381-1391.
    13. Briola, Stefano & Di Marco, Paolo & Gabbrielli, Roberto & Riccardi, Juri, 2016. "A novel mathematical model for the performance assessment of diabatic compressed air energy storage systems including the turbomachinery characteristic curves," Applied Energy, Elsevier, vol. 178(C), pages 758-772.
    14. 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.
    15. Zhou, Qian & Du, Dongmei & Lu, Chang & He, Qing & Liu, Wenyi, 2019. "A review of thermal energy storage in compressed air energy storage system," Energy, Elsevier, vol. 188(C).
    16. Guo, Hao & Gong, Maoqiong & Sun, Hailiang, 2021. "Performance analysis of a novel energy storage system based on the combination of positive and reverse organic Rankine cycles," Energy, Elsevier, vol. 231(C).
    17. Safaei, Hossein & Keith, David W. & Hugo, Ronald J., 2013. "Compressed air energy storage (CAES) with compressors distributed at heat loads to enable waste heat utilization," Applied Energy, Elsevier, vol. 103(C), pages 165-179.
    18. Michael Wessel & Reinhard Madlener & Christoph Hilgers, 2020. "Economic Feasibility of Semi-Underground Pumped Storage Hydropower Plants in Open-Pit Mines," Energies, MDPI, vol. 13(16), pages 1-38, August.
    19. Steffen, Bjarne & Weber, Christoph, 2013. "Efficient storage capacity in power systems with thermal and renewable generation," Energy Economics, Elsevier, vol. 36(C), pages 556-567.
    20. Shcherbakova, Anastasia & Kleit, Andrew & Cho, Joohyun, 2014. "The value of energy storage in South Korea’s electricity market: A Hotelling approach," Applied Energy, Elsevier, vol. 125(C), pages 93-102.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:137:y:2015:i:c:p:501-510. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.