An Evaluation of Energy Storage Options for Nuclear Power
- The University of Texas at Austin, 204 E.Dean Keeton St. Stop C2200, Austin, TX, 78712 (United States)
- Idaho National Laboratory, 1955 N. Freemont Avenue, Idaho Falls, ID, 83415 (United States)
The dynamics of energy generation, delivery, and consumption in the United States continue to change as new energy sources come online and consumers purchase more energy-intensive devices. The percentage of electricity generation from variable renewable energy sources like wind and solar power has grown year after year. Meanwhile, the evolution of electric vehicles, smart devices, and consumer appliances is changing the way that electricity is used. As a result of these trends, nuclear power plants (NPPs) are being asked to operate more flexibly. Newly constructed, advanced nuclear power plants (A-NPPs) will likely need to adapt their business models with these market shifts in mind. In the future, A-NPPs might operate in an electricity system that values flexibility (e.g. fast ramping) more than stability (e.g. baseload supply). The current fleet of NPPs is struggling to remain economically viable in competitive markets that favor low natural gas prices and renewable energy sources with low marginal costs. Rising construction costs and ambiguous national policies have only added to the challenges facing plant operators. The industry as a whole is in decline, with 19 reactors in the process of being decommissioned and 5 of these plants retiring in the past decade. However, NPPs also provide several performance and environmental benefits by maintaining a high capacity factor and generating almost zero greenhouse gas (GHG) emissions over the life cycle of the plant. As more areas of energy consumption in the United States are electrified, NPPs could potentially replace coal and natural gas as a source of heat and power to help decarbonize the U.S. energy mix. Improving the flexibility of newly constructed A-NPPs to increase revenue through market hedging and reduce costs via stable operation was explored in this analysis. The increasing penetration of variable energy resources could contribute to the uncertainty of electricity demand, which could in turn increase the need for dispatchable electricity generating units. This role is currently filled by inexpensive natural gas combined cycle (NGCC) plants, whereas coal and NPPs have traditionally been called upon to provide baseload power by maintaining a constant power output. As wholesale electricity prices continue to fall due to low natural gas prices and federally subsidized renewable energy, this business model has begun to fail, resulting in incidences of NPPs selling electricity at a loss. Since it has not been economically favorable for NPPs to operate flexibly in this situation in the past, due to their low variable costs compared to fossil fuel power plants, NPPs in the United States were not built with this purpose in mind. Therefore, legacy NPPs have had difficulty adapting to these shifting dynamics due to regulatory and technical constraints, coupled with a lack of meaningful experience. NPPs in France have operated in this manner for years, due to a much higher percentage of baseload generators and a lower percentage of fast-ramping NGCC plants. The integration of energy storage technologies (ESTs) alongside newly constructed A-NPPs will be investigated in this analysis as an alternative method for helping NPPs resolve the economic challenges they currently face. Although the deregulation of energy markets in the United States is responsible for much of the increased competition from natural gas and renewable energy that has negatively impacted NPPs, this process has also led to the creation of ancillary service markets. ESTs can provide many of these services, so an integrated energy storage system could supplement both the reliability of the electricity grid and the economic performance of a NPP by bidding into these markets. However, many technical, financial, and regulatory barriers still prevent ESTs from operating profitably in this space. The purpose of this body of work is to compile a transparent database of metrics for available ESTs and identify barriers to widespread deployment. An analytical selection methodology was also developed to identify favorable technologies for integration with specific NPPs based on information supplied by an interested developer. These tools could help reduce the perceived risk surrounding investment in energy storage systems, which could help both NPPs in need of economic assistance and ESTs in need of further research and development.
- OSTI ID:
- 23050273
- Journal Information:
- Transactions of the American Nuclear Society, Vol. 116; Conference: 2017 Annual Meeting of the American Nuclear Society, San Francisco, CA (United States), 11-15 Jun 2017; Other Information: Country of input: France; 11 refs.; available from American Nuclear Society - ANS, 555 North Kensington Avenue, La Grange Park, IL 60526 (US); ISSN 0003-018X
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
22 GENERAL STUDIES OF NUCLEAR REACTORS
COAL
COMBINED CYCLES
COMPARATIVE EVALUATIONS
ECONOMIC ANALYSIS
ELECTRICITY
ENERGY CONSUMPTION
ENERGY STORAGE
ENERGY STORAGE SYSTEMS
FLEXIBILITY
FOSSIL-FUEL POWER PLANTS
GREENHOUSE GASES
NATURAL GAS
NUCLEAR POWER
NUCLEAR POWER PLANTS
POWER GENERATION
RENEWABLE ENERGY SOURCES