IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v16y2023i13p4867-d1176756.html
   My bibliography  Save this article

Techno-Economic Analysis and Optimization of a Compressed-Air Energy Storage System Integrated with a Natural Gas Combined-Cycle Plant

Author

Listed:
  • Pavitra Senthamilselvan Sengalani

    (Department of Chemical and Biomedical Engineering, West Virginia University, Morgantown, WV 26506, USA)

  • Md Emdadul Haque

    (Department of Chemical and Biomedical Engineering, West Virginia University, Morgantown, WV 26506, USA)

  • Manali S. Zantye

    (Artie McFerrin Department of Chemical Engineering, Texas A&M University, College Station, TX 77843, USA)

  • Akhilesh Gandhi

    (Artie McFerrin Department of Chemical Engineering, Texas A&M University, College Station, TX 77843, USA)

  • Mengdi Li

    (Artie McFerrin Department of Chemical Engineering, Texas A&M University, College Station, TX 77843, USA)

  • M. M. Faruque Hasan

    (Artie McFerrin Department of Chemical Engineering, Texas A&M University, College Station, TX 77843, USA)

  • Debangsu Bhattacharyya

    (Department of Chemical and Biomedical Engineering, West Virginia University, Morgantown, WV 26506, USA)

Abstract

To address the rising electricity demand and greenhouse gas concentration in the environment, considerable effort is being carried out across the globe on installing and operating renewable energy sources. However, the renewable energy production is affected by diurnal and seasonal variability. To ensure that the electric grid remains reliable and resilient even for the high penetration of renewables into the grid, various types of energy storage systems are being investigated. In this paper, a compressed-air energy storage (CAES) system integrated with a natural gas combined-cycle (NGCC) power plant is investigated where air is extracted from the gas turbine compressor or injected back into the gas turbine combustor when it is optimal to do so. First-principles dynamic models of the NGCC plant and CAES are developed along with the development of an economic model. The dynamic optimization of the integrated system is undertaken in the Python/Pyomo platform for maximizing the net present value (NPV). NPV optimization is undertaken for 14 regions/cases considering year-long locational marginal price (LMP) data with a 1 h interval. Design variables such as the storage capacity and storage pressure, as well as the operating variables such as the power plant load, air injection rate, and air extraction rate, are optimized. Results show that the integrated CAES system has a higher NPV than the NGCC-only system for all 14 regions, thus indicating the potential deployment of the integrated system under the assumption of the availability of caverns in close proximity to the NGCC plant. The levelized cost of storage is found to be in the range of 136–145 $/MWh. Roundtrip efficiency is found to be between 74.6–82.5%. A sensitivity study with respect to LMP shows that the LMP profile has a significant impact on the extent of air injection/extraction while capital expenditure reduction has a negligible effect.

Suggested Citation

  • Pavitra Senthamilselvan Sengalani & Md Emdadul Haque & Manali S. Zantye & Akhilesh Gandhi & Mengdi Li & M. M. Faruque Hasan & Debangsu Bhattacharyya, 2023. "Techno-Economic Analysis and Optimization of a Compressed-Air Energy Storage System Integrated with a Natural Gas Combined-Cycle Plant," Energies, MDPI, vol. 16(13), pages 1-23, June.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:13:p:4867-:d:1176756
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/16/13/4867/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/16/13/4867/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. He, Xin & Li, ChengChen & Wang, Huanran, 2022. "Thermodynamics analysis of a combined cooling, heating and power system integrating compressed air energy storage and gas-steam combined cycle," Energy, Elsevier, vol. 260(C).
    2. Yang Gu & James McCalley & Ming Ni & Rui Bo, 2013. "Economic Modeling of Compressed Air Energy Storage," Energies, MDPI, vol. 6(4), pages 1-21, April.
    3. King, Marcus & Jain, Anjali & Bhakar, Rohit & Mathur, Jyotirmay & Wang, Jihong, 2021. "Overview of current compressed air energy storage projects and analysis of the potential underground storage capacity in India and the UK," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    4. Wojcik, Jacek D. & Wang, Jihong, 2018. "Feasibility study of Combined Cycle Gas Turbine (CCGT) power plant integration with Adiabatic Compressed Air Energy Storage (ACAES)," Applied Energy, Elsevier, vol. 221(C), pages 477-489.
    5. Peng, Hao & Yang, Yu & Li, Rui & Ling, Xiang, 2016. "Thermodynamic analysis of an improved adiabatic compressed air energy storage system," Applied Energy, Elsevier, vol. 183(C), pages 1361-1373.
    6. 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).
    7. Luo, Xing & Wang, Jihong & Krupke, Christopher & Wang, Yue & Sheng, Yong & Li, Jian & Xu, Yujie & Wang, Dan & Miao, Shihong & Chen, Haisheng, 2016. "Modelling study, efficiency analysis and optimisation of large-scale Adiabatic Compressed Air Energy Storage systems with low-temperature thermal storage," Applied Energy, Elsevier, vol. 162(C), pages 589-600.
    8. Guo, Cong & Xu, Yujie & Zhang, Xinjing & Guo, Huan & Zhou, Xuezhi & Liu, Chang & Qin, Wei & Li, Wen & Dou, Binlin & Chen, Haisheng, 2017. "Performance analysis of compressed air energy storage systems considering dynamic characteristics of compressed air storage," Energy, Elsevier, vol. 135(C), pages 876-888.
    9. Wolf, Daniel & Budt, Marcus, 2014. "LTA-CAES – A low-temperature approach to Adiabatic Compressed Air Energy Storage," Applied Energy, Elsevier, vol. 125(C), pages 158-164.
    10. Kruk-Gotzman, Sylwia & Ziółkowski, Paweł & Iliev, Iliya & Negreanu, Gabriel-Paul & Badur, Janusz, 2023. "Techno-economic evaluation of combined cycle gas turbine and a diabatic compressed air energy storage integration concept," Energy, Elsevier, vol. 266(C).
    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. Roos, P. & Haselbacher, A., 2022. "Analytical modeling of advanced adiabatic compressed air energy storage: Literature review and new models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 163(C).
    2. Luo, Xing & Dooner, Mark & He, Wei & Wang, Jihong & Li, Yaowang & Li, Decai & Kiselychnyk, Oleh, 2018. "Feasibility study of a simulation software tool development for dynamic modelling and transient control of adiabatic compressed air energy storage with its electrical power system applications," Applied Energy, Elsevier, vol. 228(C), pages 1198-1219.
    3. Xue, Xiaojun & Lv, Jiayang & Chen, Heng & Xu, Gang & Li, Qiubai, 2022. "Thermodynamic and economic analyses of a new compressed air energy storage system incorporated with a waste-to-energy plant and a biogas power plant," Energy, Elsevier, vol. 261(PB).
    4. Li, Ruixiong & Wang, Huanran & Zhang, Haoran, 2019. "Dynamic simulation of a cooling, heating and power system based on adiabatic compressed air energy storage," Renewable Energy, Elsevier, vol. 138(C), pages 326-339.
    5. He, Xin & Li, ChengChen & Wang, Huanran, 2022. "Thermodynamics analysis of a combined cooling, heating and power system integrating compressed air energy storage and gas-steam combined cycle," Energy, Elsevier, vol. 260(C).
    6. Emiliano Borri & Alessio Tafone & Gabriele Comodi & Alessandro Romagnoli & Luisa F. Cabeza, 2022. "Compressed Air Energy Storage—An Overview of Research Trends and Gaps through a Bibliometric Analysis," Energies, MDPI, vol. 15(20), pages 1-21, October.
    7. Courtois, Nicolas & Najafiyazdi, Mostafa & Lotfalian, Reza & Boudreault, Richard & Picard, Mathieu, 2021. "Analytical expression for the evaluation of multi-stage adiabatic-compressed air energy storage (A-CAES) systems cycle efficiency," Applied Energy, Elsevier, vol. 288(C).
    8. Briola, Stefano & Di Marco, Paolo & Gabbrielli, Roberto & Riccardi, Juri, 2017. "Sensitivity analysis for the energy performance assessment of hybrid compressed air energy storage systems," Applied Energy, Elsevier, vol. 206(C), pages 1552-1563.
    9. Bazdar, Elaheh & Sameti, Mohammad & Nasiri, Fuzhan & Haghighat, Fariborz, 2022. "Compressed air energy storage in integrated energy systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    10. Guo, Cong & Xu, Yujie & Zhang, Xinjing & Guo, Huan & Zhou, Xuezhi & Liu, Chang & Qin, Wei & Li, Wen & Dou, Binlin & Chen, Haisheng, 2017. "Performance analysis of compressed air energy storage systems considering dynamic characteristics of compressed air storage," Energy, Elsevier, vol. 135(C), pages 876-888.
    11. He, Yang & MengWang, & Chen, Haisheng & Xu, Yujie & Deng, Jianqiang, 2021. "Thermodynamic research on compressed air energy storage system with turbines under sliding pressure operation," Energy, Elsevier, vol. 222(C).
    12. Zhan, Junpeng & Ansari, Osama Aslam & Liu, Weijia & Chung, C.Y., 2019. "An accurate bilinear cavern model for compressed air energy storage," Applied Energy, Elsevier, vol. 242(C), pages 752-768.
    13. He, Xiufen & Liu, Yunong & Rehman, Ali & Wang, Li, 2021. "A novel air separation unit with energy storage and generation and its energy efficiency and economy analysis," Applied Energy, Elsevier, vol. 281(C).
    14. Wu, Danman & Bai, Jiayu & Wei, Wei & Chen, Laijun & Mei, Shengwei, 2021. "Optimal bidding and scheduling of AA-CAES based energy hub considering cascaded consumption of heat," Energy, Elsevier, vol. 233(C).
    15. He, Xin & Wang, Huanran & Li, Ruixiong & Sun, Hao & Chen, Hao & Li, ChengChen & Ge, Gangqiang & Tao, Feiyue, 2022. "Thermo-conversion of a physical energy storage system with high-energy density: Combination of thermal energy storage and gas-steam combined cycle," Energy, Elsevier, vol. 239(PE).
    16. Xiao, Runke & Yang, Cheng & Qi, Hanjie & Ma, Xiaoqian, 2023. "Synergetic performance of gas turbine combined cycle unit with inlet cooled by quasi-isobaric ACAES exhaust," Applied Energy, Elsevier, vol. 352(C).
    17. Chen Yang & Li Sun & Hao Chen, 2023. "Thermodynamics Analysis of a Novel Compressed Air Energy Storage System Combined with Solid Oxide Fuel Cell–Micro Gas Turbine and Using Low-Grade Waste Heat as Heat Source," Energies, MDPI, vol. 16(19), pages 1-28, October.
    18. Li, Yaowang & Miao, Shihong & Luo, Xing & Yin, Binxin & Han, Ji & Wang, Jihong, 2020. "Dynamic modelling and techno-economic analysis of adiabatic compressed air energy storage for emergency back-up power in supporting microgrid," Applied Energy, Elsevier, vol. 261(C).
    19. Camargos, Tomás P.L. & Pottie, Daniel L.F. & Ferreira, Rafael A.M. & Maia, Thales A.C. & Porto, Matheus P., 2018. "Experimental study of a PH-CAES system: Proof of concept," Energy, Elsevier, vol. 165(PA), pages 630-638.
    20. Peng, Hao & Yang, Yu & Li, Rui & Ling, Xiang, 2016. "Thermodynamic analysis of an improved adiabatic compressed air energy storage system," Applied Energy, Elsevier, vol. 183(C), pages 1361-1373.

    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:gam:jeners:v:16:y:2023:i:13:p:4867-:d:1176756. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.