Revenue Opportunities through Ancillary Services for Nuclear Power Plants with Integrated Firebrick Resistance- Heated Energy Storage (FIRES)

Journal Article · Wed Jun 15 04:00:00 EDT 2016 · Transactions of the American Nuclear Society

OSTI ID:22991833

Curtis, Daniel; Forsberg, Charles ^[1]

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1. Massachusetts Institute of Technology, 77 Massachusetts Avenue, Bldg 24-107, Cambridge, MA 02139 (United States)

Deregulation of electricity markets has brought about major changes in the ways investments in and operation of power plants are planned and optimized. Although many NPPs have seen reduced revenue in recent years as power purchase agreement end and wholesale market electricity prices have remained low, there are opportunities to expand the technical capabilities of NPPs, participate in additional market services and increase revenue. This transaction summarizes the opportunities provided by participation in ancillary services markets potentially made possible by integration of thermal energy storage capacity, specifically the Firebrick Resistance-heated Energy Storage System (FIRES), into future nuclear power plants with high-temperature reactors and Nuclear Air-Brayton combined cycle (NACC) power conversion. The restructuring, or deregulation, of electric power systems in most of Europe and North America has had a substantial impact on the economic performance of currently operating nuclear power plants (NPPs) and the prospects for new builds. Owners of NPPs in some markets have expressed concern that low wholesale electricity market prices and insufficient compensation for capacity, reliability, and other services are threatening the financial viability of their plants. However, both current and future NPPs have the potential to increase their competitiveness by increasing the flexibility of their electricity output. Flexible output has previously only been possible in water-cooled reactors through load-following operation, which requires core power maneuvers and operation of the steam turbine at reduced efficiency. Integration of thermal energy storage systems (TESS) provides an alternative, providing the plant the option to either output electricity or store heat for greater later electric output. The plant owner may thus increase sales of electricity during hours when it is most valuable. Even more, some TESS technologies have the potential to greatly increase the net ramp rate capability of the plant. The ability to rapidly change net power output to the grid may make it possible for NPPs to secure additional revenue by providing additional minute-by-minute balancing services to the grid. FIRES is only one technology out of many that might provide additional technical capabilities at NPPs, and this discussion has only highlighted the opportunities in a single market. Analysis of other options, include steam accumulator systems, nitrate salt TESS, phase change material TESS, and opportunities in other markets are subjects of ongoing work. Deregulation of electricity markets has brought about major changes in the ways investments in and operation of power plants are planned and optimized. Although many NPPs have seen reduced revenue in recent years as power purchase agreements end and wholesale market electricity prices have remained low, there are opportunities to expand the technical capabilities of NPPs, participate in additional market services, and increase revenue. (authors)

• OSTI ID: 22991833
• Journal Information: Transactions of the American Nuclear Society, Journal Name: Transactions of the American Nuclear Society Journal Issue: 1 Vol. 114; ISSN 0003-018X
• Country of Publication: United States
• Language: English

Related Subjects

22 GENERAL STUDIES OF NUCLEAR REACTORS
DEREGULATION
ELECTRICITY
ENERGY STORAGE
ENERGY STORAGE SYSTEMS
INTERNAL MARKET
INVESTMENT
NUCLEAR POWER PLANTS
OPERATION
PHASE CHANGE MATERIALS
STEAM TURBINES
WATER COOLED REACTORS