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Title: The combined value of wind and solar power forecasting improvements and electricity storage

Journal Article · · Applied Energy
 [1];  [2];  [2];  [2];  [2];  [3]
  1. National Renewable Energy Lab. (NREL), Golden, CO (United States); VTT Technical Research Centre (Finland)
  2. National Renewable Energy Lab. (NREL), Golden, CO (United States)
  3. VTT Technical Research Centre (Finland)
+ Show Author Affiliations

As the penetration rates of variable renewable energy increase, the value of power systems operation flexibility technology options, such as renewable energy forecasting improvements and electricity storage, is also assumed to increase. In this work, we examine the value of these two technologies, when used independently and concurrently, for two real case studies that represent the generation mixes for the California and Midcontinent Independent System Operators (CAISO and MISO). Since both technologies provide additional system flexibility they reduce operational costs and renewable curtailment for both generation mixes under study. Interestingly, the relative impacts are quite similar when both technologies are used together. Though both flexibility options can solve some of the same issues that arise with high penetration levels of renewables, they do not seem to significantly increase or decrease the economic potential of the other technology.

Research Organization:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Organization:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
Grant/Contract Number:
AC36-08GO28308; AC36-08-GO28308
OSTI ID:
1424890
Alternate ID(s):
OSTI ID: 1548743
Report Number(s):
NREL/JA-5D00-67979
Journal Information:
Applied Energy, Vol. 214, Issue C; ISSN 0306-2619
Publisher:
ElsevierCopyright Statement
Country of Publication:
United States
Language:
English
Citation Metrics:
Cited by: 45 works
Citation information provided by
Web of Science

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Cited By (2)

Assessing the Techno-Economic Benefits of Flexible Demand Resources Scheduling for Renewable Energy–Based Smart Microgrid Planning journal October 2019
Different Conventional and Soft Computing MPPT Techniques for Solar PV Systems with High Step-Up Boost Converters: A Comprehensive Analysis journal January 2020

Figures / Tables (21)

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24 POWER TRANSMISSION AND DISTRIBUTION
29 ENERGY PLANNING, POLICY, AND ECONOMY
wind power integration
solar power integration
wind power forecasting
solar power forecasting
power systems planning
electricity storage