Energy storage race: Has the monopoly of pumped-storage in Europe come to an end?
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2018.11.003
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Pierre Vernimmen & Pascal Quiry & Maurizio Dallocchio & Yann Le Fur & Antonio Salvi, 2011. "Corporate finance : Theory and practice," Post-Print hal-02298161, HAL.
- Midttun, Alte & Piccini, Proadpran Boonprasurd, 2017. "Facing the climate and digital challenge: European energy industry from boom to crisis and transformation," Energy Policy, Elsevier, vol. 108(C), pages 330-343.
- Gaudard, Ludovic, 2015. "Pumped-storage project: A short to long term investment analysis including climate change," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 91-99.
- Khalilpour, Rajab & Vassallo, Anthony, 2016. "Planning and operation scheduling of PV-battery systems: A novel methodology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 194-208.
- Gilli, Manfred & Maringer, Dietmar & Schumann, Enrico, 2011. "Numerical Methods and Optimization in Finance," Elsevier Monographs, Elsevier, edition 1, number 9780123756626.
- 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.
- Shafiullah, G.M. & M.T. Oo, Amanullah & Shawkat Ali, A.B.M. & Wolfs, Peter, 2013. "Potential challenges of integrating large-scale wind energy into the power grid–A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 306-321.
- Ludovic Gaudard & Manfred Gilli & Franco Romerio, 2013. "Climate Change Impacts on Hydropower Management," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(15), pages 5143-5156, December.
- Erfan Haghighi & Kaveh Madani & Arjen Y. Hoekstra, 2018. "The water footprint of water conservation using shade balls in California," Nature Sustainability, Nature, vol. 1(7), pages 358-360, July.
- Gomes, I.L.R. & Pousinho, H.M.I. & Melício, R. & Mendes, V.M.F., 2017. "Stochastic coordination of joint wind and photovoltaic systems with energy storage in day-ahead market," Energy, Elsevier, vol. 124(C), pages 310-320.
- Winker, Peter & Fang, Kai-Tai, 1995. "Application of threshold accepting to the evaluation of the discrepancy of a set of points," Discussion Papers, Series II 248, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
- Evans, Annette & Strezov, Vladimir & Evans, Tim J., 2012. "Assessment of utility energy storage options for increased renewable energy penetration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4141-4147.
- Fabio Genoese & Christian Egenhofer & Michael Hogan & Christian Redl & Markus Steigenberger & Patrick Graichen & Graham Weale, 2015. "The Future of the European Power Market," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 50(4), pages 176-197, July.
- Mulder, Grietus & Six, Daan & Claessens, Bert & Broes, Thijs & Omar, Noshin & Mierlo, Joeri Van, 2013. "The dimensioning of PV-battery systems depending on the incentive and selling price conditions," Applied Energy, Elsevier, vol. 111(C), pages 1126-1135.
- Newbery, David, 2016.
"Missing money and missing markets: Reliability, capacity auctions and interconnectors,"
Energy Policy, Elsevier, vol. 94(C), pages 401-410.
- David Newbery, 2015. "Missing Money and Missing Markets: Reliability, Capacity Auctions and Interconnectors," Cambridge Working Papers in Economics 1513, Faculty of Economics, University of Cambridge.
- David Newbery, 2015. "Missing Money and Missing Markets: Reliability, Capacity Auctions and Interconnectors," Working Papers EPRG 1508, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Lamy, Julian & Azevedo, Inês L. & Jaramillo, Paulina, 2014. "The role of energy storage in accessing remote wind resources in the Midwest," Energy Policy, Elsevier, vol. 68(C), pages 123-131.
- Kaldellis, J.K. & Zafirakis, D., 2007. "Optimum energy storage techniques for the improvement of renewable energy sources-based electricity generation economic efficiency," Energy, Elsevier, vol. 32(12), pages 2295-2305.
- Ries, Jan & Gaudard, Ludovic & Romerio, Franco, 2016. "Interconnecting an isolated electricity system to the European market: The case of Malta," Utilities Policy, Elsevier, vol. 40(C), pages 1-14.
- 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.
- 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.
- Hirth, Lion & Ziegenhagen, Inka, 2015. "Balancing power and variable renewables: Three links," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1035-1051.
- 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.
- Kazempour, S. Jalal & Moghaddam, M. Parsa & Haghifam, M.R. & Yousefi, G.R., 2009. "Electric energy storage systems in a market-based economy: Comparison of emerging and traditional technologies," Renewable Energy, Elsevier, vol. 34(12), pages 2630-2639.
- Manfred Gilli & Enrico Schumann, 2012.
"Heuristic optimisation in financial modelling,"
Annals of Operations Research, Springer, vol. 193(1), pages 129-158, March.
- Manfred Gilli & Enrico Schumann, 2009. "Heuristic Optimisation in Financial Modelling," Working Papers 007, COMISEF.
- M. Gilli & E. Kellezi & H. Hysi, 2006.
"A Data-Driven Optimization Heuristic for Downside Risk Minimization,"
Computing in Economics and Finance 2006
355, Society for Computational Economics.
- Manfred Gilli & Evis Këllezi & Hilda Hysi, 2006. "A Data-Driven Optimization Heuristic for Downside Risk Minimization," Swiss Finance Institute Research Paper Series 06-02, Swiss Finance Institute.
- Guégan, Marion & Uvo, Cintia B. & Madani, Kaveh, 2012. "Developing a module for estimating climate warming effects on hydropower pricing in California," Energy Policy, Elsevier, vol. 42(C), pages 261-271.
- Ferreira, Helder Lopes & Garde, Raquel & Fulli, Gianluca & Kling, Wil & Lopes, Joao Pecas, 2013. "Characterisation of electrical energy storage technologies," Energy, Elsevier, vol. 53(C), pages 288-298.
- Guittet, Mélanie & Capezzali, Massimiliano & Gaudard, Ludovic & Romerio, Franco & Vuille, François & Avellan, François, 2016. "Study of the drivers and asset management of pumped-storage power plants historical and geographical perspective," Energy, Elsevier, vol. 111(C), pages 560-579.
- Schillinger, Moritz & Weigt, Hannes & Barry, Michael & Schumann, René, 2017. "Hydropower Operation in a Changing Market Environment A Swiss Case Study," Working papers 2017/19, Faculty of Business and Economics - University of Basel.
- Peter Cramton & Axel Ockenfels & Steven Stoft, 2013. "Capacity Market Fundamentals," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
- B. François & B. Hingray & J. Creutin & F. Hendrickx, 2015. "Estimating Water System Performance Under Climate Change: Influence of the Management Strategy Modeling," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 29(13), pages 4903-4918, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Frate, Guido Francesco & Ferrari, Lorenzo & Desideri, Umberto, 2021. "Energy storage for grid-scale applications: Technology review and economic feasibility analysis," Renewable Energy, Elsevier, vol. 163(C), pages 1754-1772.
- Wyrwa, Artur & Suwała, Wojciech & Pluta, Marcin & Raczyński, Maciej & Zyśk, Janusz & Tokarski, Stanisław, 2022. "A new approach for coupling the short- and long-term planning models to design a pathway to carbon neutrality in a coal-based power system," Energy, Elsevier, vol. 239(PE).
- Steffen S. Bettin, 2020. "Electricity infrastructure and innovation in the next phase of energy transition—amendments to the technology innovation system framework," Review of Evolutionary Political Economy, Springer, vol. 1(3), pages 371-395, November.
- Cárdenas, Bruno & Swinfen-Styles, Lawrie & Rouse, James & Hoskin, Adam & Xu, Weiqing & Garvey, S.D., 2021. "Energy storage capacity vs. renewable penetration: A study for the UK," Renewable Energy, Elsevier, vol. 171(C), pages 849-867.
- Rodica Loisel & Corentin Simon, 2021. "Market strategies for large-scale energy storage: Vertical integration versus stand-alone player," Post-Print hal-04475995, HAL.
- Bai, Bo & Xiong, Siqin & Song, Bo & Xiaoming, Ma, 2019. "Economic analysis of distributed solar photovoltaics with reused electric vehicle batteries as energy storage systems in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 109(C), pages 213-229.
- Ludovic Gaudard & Franco Romerio, 2020. "A Conceptual Framework to Classify and Manage Risk, Uncertainty and Ambiguity: An Application to Energy Policy," Energies, MDPI, vol. 13(6), pages 1-22, March.
- Loisel, Rodica & Simon, Corentin, 2021. "Market strategies for large-scale energy storage: Vertical integration versus stand-alone player," Energy Policy, Elsevier, vol. 151(C).
- Fan, Jinyang & Xie, Heping & Chen, Jie & Jiang, Deyi & Li, Cunbao & Ngaha Tiedeu, William & Ambre, Julien, 2020. "Preliminary feasibility analysis of a hybrid pumped-hydro energy storage system using abandoned coal mine goafs," Applied Energy, Elsevier, vol. 258(C).
- Li, Da & Duan, Liqiang, 2022. "Design and analysis of flexible integration of solar aided liquid air energy storage system," Energy, Elsevier, vol. 259(C).
- Côté, Elizabeth & Salm, Sarah, 2022. "Risk-adjusted preferences of utility companies and institutional investors for battery storage and green hydrogen investment," Energy Policy, Elsevier, vol. 163(C).
- Kang, Jia-Ning & Wei, Yi-Ming & Liu, Lan-Cui & Han, Rong & Yu, Bi-Ying & Wang, Jin-Wei, 2020. "Energy systems for climate change mitigation: A systematic review," Applied Energy, Elsevier, vol. 263(C).
- Barry, Michael & Betz, Regina & Fuchs, Sandro & Gaudard, Ludovic & Geissmann, Thomas & Giuliani, Gianluca & Hediger, Werner & Herter, Marc & Kosch, Mirjam & Romerio, Franco & Schillinger, Moritz & Sch, 2019. "The Future of Swiss Hydropower Realities, Options and Open Questions," Working papers 2019/08, Faculty of Business and Economics - University of Basel.
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.- 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.
- Gaudard, Ludovic & Avanzi, Francesco & De Michele, Carlo, 2018. "Seasonal aspects of the energy-water nexus: The case of a run-of-the-river hydropower plant," Applied Energy, Elsevier, vol. 210(C), pages 604-612.
- 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.
- Ludovic Gaudard & Jeannette Gabbi & Andreas Bauder & Franco Romerio, 2016. "Long-term Uncertainty of Hydropower Revenue Due to Climate Change and Electricity Prices," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(4), pages 1325-1343, March.
- Hiyam Farhat & Coriolano Salvini, 2022. "Novel Gas Turbine Challenges to Support the Clean Energy Transition," Energies, MDPI, vol. 15(15), pages 1-17, July.
- Zhong, Jin & He, Lina & Li, Canbing & Cao, Yijia & Wang, Jianhui & Fang, Baling & Zeng, Long & Xiao, Guoxuan, 2014. "Coordinated control for large-scale EV charging facilities and energy storage devices participating in frequency regulation," Applied Energy, Elsevier, vol. 123(C), pages 253-262.
- Ludovic Gaudard & Jeannette Gabbi & Andreas Bauder & Franco Romerio, 2016. "Long-term Uncertainty of Hydropower Revenue Due to Climate Change and Electricity Prices," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(4), pages 1325-1343, March.
- 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.
- Pejman Bahramian, 2021.
"Integration of wind power into an electricity system using pumped-storage: Economic challenges and stakeholder impacts,"
Working Paper
1480, Economics Department, Queen's University.
- Pejman Bahramian & Glenn P. Jenkins & Frank Milne, 2023. "Integration Of Wind Power into An Electricity System Using Pumped Storage: Economic Challenges and Stakeholder Impacts," Development Discussion Papers 2023-07, JDI Executive Programs.
- Pejman Bahramian, 2021. "Integration of wind power into an electricity system using pumped-storage: Economic challenges and stakeholder impacts," Working Paper 1478, Economics Department, Queen's University.
- Manfred Gilli & Enrico Schumann, 2012.
"Heuristic optimisation in financial modelling,"
Annals of Operations Research, Springer, vol. 193(1), pages 129-158, March.
- Manfred Gilli & Enrico Schumann, 2009. "Heuristic Optimisation in Financial Modelling," Working Papers 007, COMISEF.
- Guittet, Mélanie & Capezzali, Massimiliano & Gaudard, Ludovic & Romerio, Franco & Vuille, François & Avellan, François, 2016. "Study of the drivers and asset management of pumped-storage power plants historical and geographical perspective," Energy, Elsevier, vol. 111(C), pages 560-579.
- Dhillon, Javed & Kumar, Arun & Singal, S.K., 2014. "Optimization methods applied for Wind–PSP operation and scheduling under deregulated market: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 682-700.
- Emmanouil, Stergios & Nikolopoulos, Efthymios I. & François, Baptiste & Brown, Casey & Anagnostou, Emmanouil N., 2021. "Evaluating existing water supply reservoirs as small-scale pumped hydroelectric storage options – A case study in Connecticut," Energy, Elsevier, vol. 226(C).
- 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.
- 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.
- Antweiler, Werner, 2021. "Microeconomic models of electricity storage: Price Forecasting, arbitrage limits, curtailment insurance, and transmission line utilization," Energy Economics, Elsevier, vol. 101(C).
- McPherson, Madeleine & Tahseen, Samiha, 2018. "Deploying storage assets to facilitate variable renewable energy integration: The impacts of grid flexibility, renewable penetration, and market structure," Energy, Elsevier, vol. 145(C), pages 856-870.
- Morandin, Matteo & Mercangöz, Mehmet & Hemrle, Jaroslav & Maréchal, François & Favrat, Daniel, 2013. "Thermoeconomic design optimization of a thermo-electric energy storage system based on transcritical CO2 cycles," Energy, Elsevier, vol. 58(C), pages 571-587.
- Lund, Peter D. & Lindgren, Juuso & Mikkola, Jani & Salpakari, Jyri, 2015. "Review of energy system flexibility measures to enable high levels of variable renewable electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 785-807.
- Gaudard, Ludovic, 2015. "Pumped-storage project: A short to long term investment analysis including climate change," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 91-99.
More about this item
Keywords
Storage energy; Optimization; Investment; Pumped-storage; European electricity markets;All these keywords.
Statistics
Access and download statisticsCorrections
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:enepol:v:126:y:2019:i:c:p:22-29. 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/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.