Techno-economic review of existing and new pumped hydro energy storage plant
There 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.
If 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.
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|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic|
When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:14:y:2010:i:4:p:1293-1302. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
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.