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Cost–Benefit Analysis of Pumped Hydroelectricity Storage Investment in China

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  • Paolo Sospiro

    (CREAR/Dipartimento di Ingegneria Industriale, Università di Firenze, 50139 Firenze, Italy
    DII Dipartimento di Ingegneria dell’Informazione, Università Politecnica delle Marche, 60121 Ancona, Italy
    Uniecampus, 22060 Novedrate, CO, Italy
    EUAbout, 1000 Brusselles, Belgium)

  • Leonardo Nibbi

    (CREAR/Dipartimento di Ingegneria Industriale, Università di Firenze, 50139 Firenze, Italy)

  • Marco Ciro Liscio

    (DII Dipartimento di Ingegneria dell’Informazione, Università Politecnica delle Marche, 60121 Ancona, Italy
    EUAbout, 1000 Brusselles, Belgium)

  • Maurizio De Lucia

    (CREAR/Dipartimento di Ingegneria Industriale, Università di Firenze, 50139 Firenze, Italy)

Abstract

In this study, the energy scenario in China was analyzed by retracing the trend of exponential population growth, gross domestic product (GDP), and electricity production and consumption. A forecast up to 2050 was made based on the history and forecasts of other field studies. It was possible to deduce data on pollutants in terms of CO 2 equivalent (CO 2 -eq) emitted over time if there were no changes in the way energy was produced. Moreover, different scenarios were hypothesized for the use of pumped hydroelectricity storage plants, namely 4.5%, 6%, 8%, 11%, and 14% (percentage of electricity compared to requirements in 2050), to balance variable renewable energy sources and avoid curtailment, thereby reducing the use of energy produced by coal-fired plants. For this implementation, direct and indirect costs and benefits were considered, with interesting results obtained from an economic standpoint and very positive results from environmental, social, and territorial perspectives.

Suggested Citation

  • Paolo Sospiro & Leonardo Nibbi & Marco Ciro Liscio & Maurizio De Lucia, 2021. "Cost–Benefit Analysis of Pumped Hydroelectricity Storage Investment in China," Energies, MDPI, vol. 14(24), pages 1-20, December.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:24:p:8322-:d:699403
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    Cited by:

    1. Yudong Tan & Guosheng Xie & Yunhao Xiao & Yi Luo & Xintao Xie & Ming Wen, 2022. "Comprehensive Benefit Evaluation of Hybrid Pumped-Storage Power Stations Based on Improved Rank Correlation-Entropy Weight Method," Energies, MDPI, vol. 15(22), pages 1-17, November.
    2. Xiaofeng Gao & Hegao Wu & Dan Fu, 2022. "Effect of Temporary Internal Water Pressure on Structural Performance of Spiral Case Structure in Pumped-Storage Power Plants," Energies, MDPI, vol. 15(7), pages 1-16, March.

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