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

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.
Authors:
 [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)
Publication Date:
Report Number(s):
NREL/JA-5D00-67979
Journal ID: ISSN 0306-2619
Grant/Contract Number:
AC36-08GO28308
Type:
Accepted Manuscript
Journal Name:
Applied Energy
Additional Journal Information:
Journal Volume: 214; Journal Issue: C; Journal ID: ISSN 0306-2619
Publisher:
Elsevier
Research Org:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
Country of Publication:
United States
Language:
English
Subject:
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
OSTI Identifier:
1424890

Hodge, Bri-Mathias, Brancucci Martinez-Anido, Carlo, Wang, Qin, Chartan, Erol, Florita, Anthony, and Kiviluoma, Juha. The combined value of wind and solar power forecasting improvements and electricity storage. United States: N. p., Web. doi:10.1016/j.apenergy.2017.12.120.
Hodge, Bri-Mathias, Brancucci Martinez-Anido, Carlo, Wang, Qin, Chartan, Erol, Florita, Anthony, & Kiviluoma, Juha. The combined value of wind and solar power forecasting improvements and electricity storage. United States. doi:10.1016/j.apenergy.2017.12.120.
Hodge, Bri-Mathias, Brancucci Martinez-Anido, Carlo, Wang, Qin, Chartan, Erol, Florita, Anthony, and Kiviluoma, Juha. 2018. "The combined value of wind and solar power forecasting improvements and electricity storage". United States. doi:10.1016/j.apenergy.2017.12.120.
@article{osti_1424890,
title = {The combined value of wind and solar power forecasting improvements and electricity storage},
author = {Hodge, Bri-Mathias and Brancucci Martinez-Anido, Carlo and Wang, Qin and Chartan, Erol and Florita, Anthony and Kiviluoma, Juha},
abstractNote = {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.},
doi = {10.1016/j.apenergy.2017.12.120},
journal = {Applied Energy},
number = C,
volume = 214,
place = {United States},
year = {2018},
month = {2}
}