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Title: Energy Storage Economics

Abstract

This presentation provides an overview on energy storage economics including recent market trends, battery terminology and concepts, value streams, challenges, and an example of how photovoltaics and storage can be used to lower demand charges. It also provides an overview of the REopt Lite web tool inputs and outputs.

Authors:
 [1]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Federal Energy Management Program Office (EE-5F)
OSTI Identifier:
1390044
Report Number(s):
NREL/PR-7A40-70035
DOE Contract Number:
AC36-08GO28308
Resource Type:
Conference
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; energy storage; behind-the-meter storage; demand reduction; value streams for energy storage; REopt Lite web tool

Citation Formats

Elgqvist, Emma M. Energy Storage Economics. United States: N. p., 2017. Web.
Elgqvist, Emma M. Energy Storage Economics. United States.
Elgqvist, Emma M. Thu . "Energy Storage Economics". United States. doi:. https://www.osti.gov/servlets/purl/1390044.
@article{osti_1390044,
title = {Energy Storage Economics},
author = {Elgqvist, Emma M},
abstractNote = {This presentation provides an overview on energy storage economics including recent market trends, battery terminology and concepts, value streams, challenges, and an example of how photovoltaics and storage can be used to lower demand charges. It also provides an overview of the REopt Lite web tool inputs and outputs.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Thu Sep 07 00:00:00 EDT 2017},
month = {Thu Sep 07 00:00:00 EDT 2017}
}

Conference:
Other availability
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  • Compressed air energy storage (CAES) is a means of producing intermediate or peaking power. CAES is based on using low cost electrical energy available during off-peak hours to compress air to a pressure of about 1000 psi, which is stored in an underground cavern for use at a later time. When there is a need for intermediate or peaking power, the compressors are shut down, the air is allowed to flow into an oil-fired or natural gas-fired combustor, and the hot, high pressure air is expanded through machinery very similar to the turbine section of a conventional gas turbine. Thismore » paper discusses how CAES is a technology which can be considered to be commercial. A 220 MW oil-fired CAES plant design was used as a baseline for this evaluation of CAES plant economics. This design features high and low pressure combustors and expanders, and also has an exhaust gas recuperator to recover heat from the exhaust gas. This paper summarizes the key design parameters of this configuration.« less
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  • Abstract not provided.