Techno-Economic Analysis of Recuperated Joule-Brayton Pumped Thermal Energy Storage

McTigue, Joshua D.; Farres-Antunez, Pau; Sundarnath J, Kavin; Markides, Christos N.; White, Alexander J.

doi:10.1016/j.enconman.2021.115016

Techno-Economic Analysis of Recuperated Joule-Brayton Pumped Thermal Energy Storage

Journal Article · 12 January 2022 · Energy Conversion and Management

DOI:https://doi.org/10.1016/j.enconman.2021.115016· OSTI ID:1866383

; Farres-Antunez, Pau; Sundarnath J, Kavin; Markides, Christos N.; White, Alexander J.

This article describes a techno-economic model for pumped thermal energy storage systems based on recuperated Joule-Brayton cycles and two-tank liquid storage. Models have been developed for each component, with particular emphasis on the heat exchangers. Economic metrics such as the power and energy capital costs (i.e., per-kW and per-kWh capacity) and levelized cost of storage are evaluated by gathering numerous cost correlations from the literature, thereby enabling estimates of uncertainty. It is found that the use of heat exchangers with effectivenesses up to 0.95 is economically worthwhile, but higher values lead to rapidly escalating component size and system cost. Several hot storage fluids are considered; those operating at the highest temperatures (chloride salts) improve the round-trip efficiency but the benefit is marginal and may not warrant the additional material costs and risk when compared to lower-temperature nitrate salts. Cost-efficiency trade-offs are explored using a multi-objective optimization algorithm, yielding optimal designs with round-trip efficiencies in the range 59-72% and corresponding levelized storage costs of 0.12 0.03 and 0.38 0.10 $/kWhe. Lifetime costs are competitive with lithium-ion batteries for discharging durations greater than 6 h under current scenarios.

Research Organization:: National Renewable Energy Laboratory (NREL), Golden, CO (United States)

Sponsoring Organization:: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S)

DOE Contract Number:: AC36-08GO28308

OSTI ID:: 1866383

Report Number(s):: NREL/JA-5700-78583; MainId:32500; UUID:d00befcb-e875-4464-92e2-501732e65f2f; MainAdminID:64437

Journal Information:: Energy Conversion and Management, Journal Name: Energy Conversion and Management Vol. 252

Country of Publication:: United States

Language:: English

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Techno-Economic Analysis of Recuperated Joule-Brayton Pumped Thermal Energy Storage

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