Capacity Expansion Modeling for Storage Technologies

Conference · Mon Apr 03 00:00:00 EDT 2017

OSTI ID:1350502

Hale, Elaine; Stoll, Brady; Mai, Trieu

The Resource Planning Model (RPM) is a capacity expansion model designed for regional power systems and high levels of renewable generation. Recent extensions capture value-stacking for storage technologies, including batteries and concentrating solar power with storage. After estimating per-unit capacity value and curtailment reduction potential, RPM co-optimizes investment decisions and reduced-form dispatch, accounting for planning reserves; energy value, including arbitrage and curtailment reduction; and three types of operating reserves. Multiple technology cost scenarios are analyzed to determine level of deployment in the Western Interconnection under various conditions.

• Research Organization: National Renewable Energy Lab. (NREL), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Strategic Programs Office
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 1350502
• Report Number(s): NREL/PR-6A20-67532
• Resource Relation: Conference: Presented at the Institute for Operations Research and the Management Sciences (INFORMS) Annual Meeting, 13-16 November 2016, Nashville, Tennessee
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
29 ENERGY PLANNING, POLICY, AND ECONOMY
power systems
capacity expansion modeling
energy storage
battery storage
grid services
value stacking
renewable energy integration