The value of compressed air energy storage with wind in transmission-constrained electric power systems
Abstract
In this work, we examine the potential advantages of co-locating wind and energy storage to increase transmission utilization and decrease transmission costs. Co-location of wind and storage decreases transmission requirements, but also decreases the economic value of energy storage compared to locating energy storage at the load. This represents a tradeoff which we examine to estimate the transmission costs required to justify moving storage from load-sited to wind-sited in three different locations in the United States. We examined compressed air energy storage (CAES) in three “wind by wire” scenarios with a variety of transmission and CAES sizes relative to a given amount of wind. In the sites and years evaluated, the optimal amount of transmission ranges from 60% to 100% of the wind farm rating, with the optimal amount of CAES equal to 0–35% of the wind farm rating, depending heavily on wind resource, value of electricity in the local market, and the cost of natural gas.
- Authors:
- Publication Date:
- Research Org.:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Org.:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE)
- OSTI Identifier:
- 1354704
- Grant/Contract Number:
- AC36-08GO28308
- Resource Type:
- Accepted Manuscript
- Journal Name:
- Energy Policy
- Additional Journal Information:
- Journal Volume: 37; Journal Issue: 8; Journal ID: ISSN 0301-4215
- Publisher:
- Elsevier
- Country of Publication:
- United States
- Language:
- English
Citation Formats
Denholm, Paul, and Sioshansi, Ramteen. The value of compressed air energy storage with wind in transmission-constrained electric power systems. United States: N. p., 2009.
Web. doi:10.1016/j.enpol.2009.04.002.
Denholm, Paul, & Sioshansi, Ramteen. The value of compressed air energy storage with wind in transmission-constrained electric power systems. United States. https://doi.org/10.1016/j.enpol.2009.04.002
Denholm, Paul, and Sioshansi, Ramteen. Sat .
"The value of compressed air energy storage with wind in transmission-constrained electric power systems". United States. https://doi.org/10.1016/j.enpol.2009.04.002. https://www.osti.gov/servlets/purl/1354704.
@article{osti_1354704,
title = {The value of compressed air energy storage with wind in transmission-constrained electric power systems},
author = {Denholm, Paul and Sioshansi, Ramteen},
abstractNote = {In this work, we examine the potential advantages of co-locating wind and energy storage to increase transmission utilization and decrease transmission costs. Co-location of wind and storage decreases transmission requirements, but also decreases the economic value of energy storage compared to locating energy storage at the load. This represents a tradeoff which we examine to estimate the transmission costs required to justify moving storage from load-sited to wind-sited in three different locations in the United States. We examined compressed air energy storage (CAES) in three “wind by wire” scenarios with a variety of transmission and CAES sizes relative to a given amount of wind. In the sites and years evaluated, the optimal amount of transmission ranges from 60% to 100% of the wind farm rating, with the optimal amount of CAES equal to 0–35% of the wind farm rating, depending heavily on wind resource, value of electricity in the local market, and the cost of natural gas.},
doi = {10.1016/j.enpol.2009.04.002},
journal = {Energy Policy},
number = 8,
volume = 37,
place = {United States},
year = {Sat Aug 01 00:00:00 EDT 2009},
month = {Sat Aug 01 00:00:00 EDT 2009}
}
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