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The value of compressed air energy storage in energy and reserve markets

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Cited by:

  1. 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).
  2. Das, Trishna & Krishnan, Venkat & McCalley, James D., 2015. "Assessing the benefits and economics of bulk energy storage technologies in the power grid," Applied Energy, Elsevier, vol. 139(C), pages 104-118.
  3. Dranka, Géremi Gilson & Ferreira, Paula & Vaz, A. Ismael F., 2021. "A review of co-optimization approaches for operational and planning problems in the energy sector," Applied Energy, Elsevier, vol. 304(C).
  4. Junchao Yang & Li Li, 2024. "Micro-Energy Grid Energy Utilization Optimization with Electricity and Heat Storage Devices Based on NSGA-III Algorithm," Energies, MDPI, vol. 17(22), pages 1-20, November.
  5. Zheng, Longye & Chen, Shaowen & Zhang, Yimin & Zeng, Cong & Guo, Chuanliang, 2024. "Experiment investigation on secondary flow loss and flow control mechanisms in a variable compressor cascade with penny cavities," Energy, Elsevier, vol. 306(C).
  6. Huanran Wang & Liqin Wang & Xinbing Wang & Erren Yao, 2013. "A Novel Pumped Hydro Combined with Compressed Air Energy Storage System," Energies, MDPI, vol. 6(3), pages 1-14, March.
  7. He, Qing & Li, Guoqing & Lu, Chang & Du, Dongmei & Liu, Wenyi, 2019. "A compressed air energy storage system with variable pressure ratio and its operation control," Energy, Elsevier, vol. 169(C), pages 881-894.
  8. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.
  9. Chen, Yang & Hu, Mengqi & Zhou, Zhi, 2017. "A data-driven analytical approach to enable optimal emerging technologies integration in the co-optimized electricity and ancillary service markets," Energy, Elsevier, vol. 122(C), pages 613-626.
  10. Flores-Quiroz, Angela & Strunz, Kai, 2021. "A distributed computing framework for multi-stage stochastic planning of renewable power systems with energy storage as flexibility option," Applied Energy, Elsevier, vol. 291(C).
  11. 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.
  12. Hossein Safaei & Michael J. Aziz, 2017. "Thermodynamic Analysis of Three Compressed Air Energy Storage Systems: Conventional, Adiabatic, and Hydrogen-Fueled," Energies, MDPI, vol. 10(7), pages 1-31, July.
  13. Bradbury, Kyle & Pratson, Lincoln & Patiño-Echeverri, Dalia, 2014. "Economic viability of energy storage systems based on price arbitrage potential in real-time U.S. electricity markets," Applied Energy, Elsevier, vol. 114(C), pages 512-519.
  14. Barbry, Adrien & Anjos, Miguel F. & Delage, Erick & Schell, Kristen R., 2019. "Robust self-scheduling of a price-maker energy storage facility in the New York electricity market," Energy Economics, Elsevier, vol. 78(C), pages 629-646.
  15. repec:aen:eeepjl:1_2_a04 is not listed on IDEAS
  16. Santhosh, Apoorva & Farid, Amro M. & Youcef-Toumi, Kamal, 2014. "The impact of storage facility capacity and ramping capabilities on the supply side economic dispatch of the energy–water nexus," Energy, Elsevier, vol. 66(C), pages 363-377.
  17. Liang, Yaran & Li, Peng & Su, Wen & Li, Wei & Xu, Wei, 2024. "Development of green data center by configuring photovoltaic power generation and compressed air energy storage systems," Energy, Elsevier, vol. 292(C).
  18. Tom Brijs & Daniel Huppmann & Sauleh Siddiqui & Ronnie Belmans, 2016. "Auction-Based Allocation of Shared Electricity Storage Resources through Physical Storage Rights," Discussion Papers of DIW Berlin 1566, DIW Berlin, German Institute for Economic Research.
  19. Yuzhou Jiang & Ramteen Sioshansi, 2025. "Optimal and Incentive-compatible Scheduling of Flexible Generation in an Electricity Market," The Energy Journal, , vol. 46(6), pages 115-142, November.
  20. Dimitriadis, Christos N. & Tsimopoulos, Evangelos G. & Georgiadis, Michael C., 2022. "Strategic bidding of an energy storage agent in a joint energy and reserve market under stochastic generation," Energy, Elsevier, vol. 242(C).
  21. Foley, A. & Díaz Lobera, I., 2013. "Impacts of compressed air energy storage plant on an electricity market with a large renewable energy portfolio," Energy, Elsevier, vol. 57(C), pages 85-94.
  22. 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.
  23. Chen, Yang & Odukomaiya, Adewale & Kassaee, Saiid & O’Connor, Patrick & Momen, Ayyoub M. & Liu, Xiaobing & Smith, Brennan T., 2019. "Preliminary analysis of market potential for a hydropneumatic ground-level integrated diverse energy storage system," Applied Energy, Elsevier, vol. 242(C), pages 1237-1247.
  24. Succar, Samir & Denkenberger, David C. & Williams, Robert H., 2012. "Optimization of specific rating for wind turbine arrays coupled to compressed air energy storage," Applied Energy, Elsevier, vol. 96(C), pages 222-234.
  25. Xu, Qiyue & Cai, Maolin & Shi, Yan, 2014. "Dynamic heat transfer model for temperature drop analysis and heat exchange system design of the air-powered engine system," Energy, Elsevier, vol. 68(C), pages 877-885.
  26. Berrada, Asmae & Loudiyi, Khalid & Zorkani, Izeddine, 2016. "Valuation of energy storage in energy and regulation markets," Energy, Elsevier, vol. 115(P1), pages 1109-1118.
  27. Cocco, Daniele & Serra, Fabio & Tola, Vittorio, 2013. "Assessment of energy and economic benefits arising from syngas storage in IGCC power plants," Energy, Elsevier, vol. 58(C), pages 635-643.
  28. Bai, Jiayu & Wei, Wei & Chen, Laijun & Mei, Shengwei, 2020. "Modeling and dispatch of advanced adiabatic compressed air energy storage under wide operating range in distribution systems with renewable generation," Energy, Elsevier, vol. 206(C).
  29. 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).
  30. Aidan Tuohy & Ben Kaun & Robert Entriken, 2014. "Storage and demand-side options for integrating wind power," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 3(1), pages 93-109, January.
  31. Barrera-Santana, J. & Sioshansi, Ramteen, 2023. "An optimization framework for capacity planning of island electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
  32. Daniel Muñoz-Álvarez & Eilyan Bitar, 2017. "Financial storage rights in electric power networks," Journal of Regulatory Economics, Springer, vol. 52(1), pages 1-23, August.
  33. 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.
  34. Ann-Kathrin Klaas & Hans-Peter Beck, 2021. "A MILP Model for Revenue Optimization of a Compressed Air Energy Storage Plant with Electrolysis," Energies, MDPI, vol. 14(20), pages 1-21, October.
  35. Zucker, Andreas & Hinchliffe, Timothée, 2014. "Optimum sizing of PV-attached electricity storage according to power market signals – A case study for Germany and Italy," Applied Energy, Elsevier, vol. 127(C), pages 141-155.
  36. Hermesmann, M. & Grübel, K. & Scherotzki, L. & Müller, T.E., 2021. "Promising pathways: The geographic and energetic potential of power-to-x technologies based on regeneratively obtained hydrogen," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).
  37. Kim, Wook-Won & Shin, Je-Seok & Kim, Sung-Yul & Kim, Jin-O., 2017. "Operation scheduling for an energy storage system considering reliability and aging," Energy, Elsevier, vol. 141(C), pages 389-397.
  38. Jannelli, E. & Minutillo, M. & Lubrano Lavadera, A. & Falcucci, G., 2014. "A small-scale CAES (compressed air energy storage) system for stand-alone renewable energy power plant for a radio base station: A sizing-design methodology," Energy, Elsevier, vol. 78(C), pages 313-322.
  39. Chazarra, Manuel & Pérez-Díaz, Juan I. & García-González, Javier & Praus, Roland, 2018. "Economic viability of pumped-storage power plants participating in the secondary regulation service," Applied Energy, Elsevier, vol. 216(C), pages 224-233.
  40. Antweiler, Werner, 2021. "Microeconomic models of electricity storage: Price Forecasting, arbitrage limits, curtailment insurance, and transmission line utilization," Energy Economics, Elsevier, vol. 101(C).
  41. Jadidbonab, Mohammad & Babaei, Ebrahim & Mohammadi-ivatloo, Behnam, 2019. "CVaR-constrained scheduling strategy for smart multi carrier energy hub considering demand response and compressed air energy storage," Energy, Elsevier, vol. 174(C), pages 1238-1250.
  42. Mileva, Ana & Johnston, Josiah & Nelson, James H. & Kammen, Daniel M., 2016. "Power system balancing for deep decarbonization of the electricity sector," Applied Energy, Elsevier, vol. 162(C), pages 1001-1009.
  43. McConnell, Dylan & Forcey, Tim & Sandiford, Mike, 2015. "Estimating the value of electricity storage in an energy-only wholesale market," Applied Energy, Elsevier, vol. 159(C), pages 422-432.
  44. Stelzer, Jonathan & Esser, Katharina & Weiskopf, Thorsten & Ardone, Armin & Bertsch, Valentin & Fichtner, Wolf, 2026. "Design limits and investment risks of mid-term storage under uncertain market conditions," Working Paper Series in Production and Energy 79, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).
  45. Akbari, Ebrahim & Hooshmand, Rahmat-Allah & Gholipour, Mehdi & Parastegari, Moein, 2019. "Stochastic programming-based optimal bidding of compressed air energy storage with wind and thermal generation units in energy and reserve markets," Energy, Elsevier, vol. 171(C), pages 535-546.
  46. Zhang, Yuan & Yang, Ke & Li, Xuemei & Xu, Jianzhong, 2014. "Thermodynamic analysis of energy conversion and transfer in hybrid system consisting of wind turbine and advanced adiabatic compressed air energy storage," Energy, Elsevier, vol. 77(C), pages 460-477.
  47. Xu, Ying & Ren, Li & Zhang, Zhongping & Tang, Yuejin & Shi, Jing & Xu, Chen & Li, Jingdong & Pu, Dongsheng & Wang, Zhuang & Liu, Huajun & Chen, Lei, 2018. "Analysis of the loss and thermal characteristics of a SMES (Superconducting Magnetic Energy Storage) magnet with three practical operating conditions," Energy, Elsevier, vol. 143(C), pages 372-384.
  48. Yucekaya, Ahmet, 2013. "The operational economics of compressed air energy storage systems under uncertainty," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 298-305.
  49. Mercier, Thomas & Olivier, Mathieu & De Jaeger, Emmanuel, 2023. "The value of electricity storage arbitrage on day-ahead markets across Europe," Energy Economics, Elsevier, vol. 123(C).
  50. Ding, Jie & Xu, Yujie & Chen, Haisheng & Sun, Wenwen & Hu, Shan & Sun, Shuang, 2019. "Value and economic estimation model for grid-scale energy storage in monopoly power markets," Applied Energy, Elsevier, vol. 240(C), pages 986-1002.
  51. Hiyam Farhat & Coriolano Salvini, 2022. "Novel Gas Turbine Challenges to Support the Clean Energy Transition," Energies, MDPI, vol. 15(15), pages 1-17, July.
  52. Brown, T.L. & Atluri, V.P. & Schmiedeler, J.P., 2014. "A low-cost hybrid drivetrain concept based on compressed air energy storage," Applied Energy, Elsevier, vol. 134(C), pages 477-489.
  53. 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.
  54. Venkataramani, Gayathri & Parankusam, Prasanna & Ramalingam, Velraj & Wang, Jihong, 2016. "A review on compressed air energy storage – A pathway for smart grid and polygeneration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 895-907.
  55. Guo, Chaobin & Pan, Lehua & Zhang, Keni & Oldenburg, Curtis M. & Li, Cai & Li, Yi, 2016. "Comparison of compressed air energy storage process in aquifers and caverns based on the Huntorf CAES plant," Applied Energy, Elsevier, vol. 181(C), pages 342-356.
  56. Deetjen, Thomas A. & Vitter, J. Scott & Reimers, Andrew S. & Webber, Michael E., 2018. "Optimal dispatch and equipment sizing of a residential central utility plant for improving rooftop solar integration," Energy, Elsevier, vol. 147(C), pages 1044-1059.
  57. Tong, Shuiguang & Cheng, Zhewu & Cong, Feiyun & Tong, Zheming & Zhang, Yidong, 2018. "Developing a grid-connected power optimization strategy for the integration of wind power with low-temperature adiabatic compressed air energy storage," Renewable Energy, Elsevier, vol. 125(C), pages 73-86.
  58. Spyros Giannelos & Predrag Djapic & Danny Pudjianto & Goran Strbac, 2020. "Quantification of the Energy Storage Contribution to Security of Supply through the F-Factor Methodology," Energies, MDPI, vol. 13(4), pages 1-15, February.
  59. Jeon, Wooyoung & Mo, Jung Youn, 2018. "The true economic value of supply-side energy storage in the smart grid environment – The case of Korea," Energy Policy, Elsevier, vol. 121(C), pages 101-111.
  60. Heilmann, C. & Friedl, G., 2021. "Factors influencing the economic success of grid-to-vehicle and vehicle-to-grid applications—A review and meta-analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).
  61. Liu, Chi-Min & Huang, Chin-Lun & Sung, Cheng-Kuo & Huang, Chih-Yung, 2016. "Performance analysis of a two-stage expansion air engine," Energy, Elsevier, vol. 115(P1), pages 140-148.
  62. Metz, Dennis & Saraiva, João Tomé, 2018. "Simultaneous co-integration of multiple electrical storage applications in a consumer setting," Energy, Elsevier, vol. 143(C), pages 202-211.
  63. Boffino, Luigi & Conejo, Antonio J. & Sioshansi, Ramteen & Oggioni, Giorgia, 2019. "A two-stage stochastic optimization planning framework to decarbonize deeply electric power systems," Energy Economics, Elsevier, vol. 84(C).
  64. Efstathios E. Michaelides, 2021. "Thermodynamics, Energy Dissipation, and Figures of Merit of Energy Storage Systems—A Critical Review," Energies, MDPI, vol. 14(19), pages 1-41, September.
  65. Krishnan, Venkat & Das, Trishna, 2015. "Optimal allocation of energy storage in a co-optimized electricity market: Benefits assessment and deriving indicators for economic storage ventures," Energy, Elsevier, vol. 81(C), pages 175-188.
  66. Shafiee, Soroush & Zamani-Dehkordi, Payam & Zareipour, Hamidreza & Knight, Andrew M., 2016. "Economic assessment of a price-maker energy storage facility in the Alberta electricity market," Energy, Elsevier, vol. 111(C), pages 537-547.
  67. Kuttner, Leopold, 2022. "Integrated scheduling and bidding of power and reserve of energy resource aggregators with storage plants," Applied Energy, Elsevier, vol. 321(C).
  68. Hittinger, Eric & Lueken, Roger, 2015. "Is inexpensive natural gas hindering the grid energy storage industry?," Energy Policy, Elsevier, vol. 87(C), pages 140-152.
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  73. Sheng, L. & Zhou, Z. & Charpentier, J.F. & Benbouzid, M.E.H., 2017. "Stand-alone island daily power management using a tidal turbine farm and an ocean compressed air energy storage system," Renewable Energy, Elsevier, vol. 103(C), pages 286-294.
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  78. He, Wei & Dooner, Mark & King, Marcus & Li, Dacheng & Guo, Songshan & Wang, Jihong, 2021. "Techno-economic analysis of bulk-scale compressed air energy storage in power system decarbonisation," Applied Energy, Elsevier, vol. 282(PA).
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