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Dynamic energy, exergy and market modeling of a High Temperature Heat and Power Storage System

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  • Arabkoohsar, A.
  • Andresen, G.B.

Abstract

A novel energy storage system that produces both electricity and heat at high efficiencies and takes advantage of a high temperature hot rock cavern thermal energy storage was recently introduced and designed. This study aims at evaluating the performance of the system in terms of energy and exergy efficiencies under realistic operational conditions where the storage supports a number of wind turbines over a long period. The potential value creation of the energy storage system in the local electricity and heat markets is also assessed. The Western part of Denmark with its high number of wind turbine plants and flexible electricity and heat markets have been chosen for the case study of this work. Having both forecasted and realized wind power generation as well as energy prices for the recent years, the system is designed with rigor and a smart bid strategy for the power plant equipped with the energy storage unit for day-ahead and intra-day markets is determined. The results show that the system is able to compensate the fluctuations of wind power plants, and present high annual overall energy and electricity efficiencies of 80.2% and 31.4% and exergy efficiency of 56.1%.

Suggested Citation

  • Arabkoohsar, A. & Andresen, G.B., 2017. "Dynamic energy, exergy and market modeling of a High Temperature Heat and Power Storage System," Energy, Elsevier, vol. 126(C), pages 430-443.
    • Handle: RePEc:eee:energy:v:126:y:2017:i:c:p:430-443
    DOI: 10.1016/j.energy.2017.03.065
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    References listed on IDEAS

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    Cited by:

    1. Arabkoohsar, A. & Andresen, G.B., 2017. "Thermodynamics and economic performance comparison of three high-temperature hot rock cavern based energy storage concepts," Energy, Elsevier, vol. 132(C), pages 12-21.
    2. Lasemi, Mohammad Ali & Arabkoohsar, Ahmad, 2020. "Optimal operating strategy of high-temperature heat and power storage system coupled with a wind farm in energy market," Energy, Elsevier, vol. 210(C).
    3. Sadi, M. & Arabkoohsar, A., 2019. "Exergoeconomic analysis of a combined solar-waste driven power plant," Renewable Energy, Elsevier, vol. 141(C), pages 883-893.
    4. Hussam, Wisam K. & Rahbari, Hamid Reza & Arabkoohsar, Ahmad, 2020. "Off-design operation analysis of air-based high-temperature heat and power storage," Energy, Elsevier, vol. 196(C).
    5. Alsagri, Ali Sulaiman, 2023. "An innovative design of solar-assisted carnot battery for multigeneration of power, cooling, and process heating: Techno-economic analysis and optimization," Renewable Energy, Elsevier, vol. 210(C), pages 375-385.
    6. Sadi, Meisam & Arabkoohsar, Ahmad, 2020. "Exergy, economic and environmental analysis of a solar-assisted cold supply machine for district energy systems," Energy, Elsevier, vol. 206(C).
    7. Berrada, Asmae & Loudiyi, Khalid & Garde, Raquel, 2017. "Dynamic modeling of gravity energy storage coupled with a PV energy plant," Energy, Elsevier, vol. 134(C), pages 323-335.
    8. Wang, Chaoyang & Liu, Ming & Zhao, Yongliang & Qiao, Yongqiang & Yan, Junjie, 2018. "Entropy generation analysis on a heat exchanger with different design and operation factors during transient processes," Energy, Elsevier, vol. 158(C), pages 330-342.
    9. Lu, Xiaohui & Yang, Yang & Wang, Peifang & Fan, Yiming & Yu, Fangzhong & Zafetti, Nicholas, 2021. "A new converged Emperor Penguin Optimizer for biding strategy in a day-ahead deregulated market clearing price: A case study in China," Energy, Elsevier, vol. 227(C).
    10. Arabkoohsar, Ahmad & Rahrabi, Hamid Reza & Alsagri, Ali Sulaiman & Alrobaian, Abdulrahman A., 2020. "Impact of Off-design operation on the effectiveness of a low-temperature compressed air energy storage system," Energy, Elsevier, vol. 197(C).
    11. Arabkoohsar, A. & Dremark-Larsen, M. & Lorentzen, R. & Andresen, G.B., 2017. "Subcooled compressed air energy storage system for coproduction of heat, cooling and electricity," Applied Energy, Elsevier, vol. 205(C), pages 602-614.

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