Projecting the Future Levelized Cost of Electricity Storage Technologies

https://bura.brunel.ac.uk/bitstream/2438/22670/1/FullText.pdf

Levelized cost of electricity for solar photovoltaic and electrical energy storage

Assessment of energy storage technologies: A review

An overview of numerical and mathematical modelling-based distributed generation (DG) system optimisation techniques is presented in this review paper. The objective is to compare different aspects of these two broad classes of DG optimisation techniques, explore their applications, and identify potential research directions from reviewed studies. Introductory descriptions of general electrical power system and DG system are first provided, followed by reviews on renewable resource assessment, load demand analysis, model formulation, and optimisation techniques. In renewable resource assessment model review, uncertain solar and wind energy resources are emphasised whereas applications of forecasting models have been highlighted based on their prediction horizons, computational power requirement, and training data intensity. For DG optimisation framework, (solar, wind and tidal) power generator, energy storage and energy balance models are discussed; in optimisation technique section, both numerical and mathematical modelling optimisation methods are reviewed, analysed and criticised with recommendations for their improvements. In overall, this review provides preliminary guidelines, research gaps and recommendations for developing a better and more user-friendly DG energy planning optimisation tool.

Review of distributed generation (DG) system planning and optimisation techniques: Comparison of numerical and mathematical modelling methods

The application of Photovoltaic (PV) in the distributed generation system is acquiring more consideration with the developments in power electronics technology and global environmental concerns. Solar PV is playing a key role in consuming the solar energy for the generation of electric power. The use of solar PV is growing exponentially due to its clean, pollution-free, abundant, and inexhaustible nature. In grid-connected PV systems, significant attention is required in the design and operation of the inverter to achieve high efficiency for diverse power structures. The requirements for the grid-connected inverter include; low total harmonic distortion of the currents injected into the grid, maximum power point tracking, high efficiency, and controlled power injected into the grid. The performance of the inverters connected to the grid depends mainly on the control scheme applied. In this review, the global status of the PV market, classification of the PV system, configurations of the grid-connected PV inverter, classification of various inverter types, and topologies are discussed, described and presented in a schematic manner. A concise summary of the control methods for single- and three-phase inverters has also been presented. In addition, various controllers applied to grid-tied inverter are thoroughly reviewed and compared. Finally, the criteria for the selection of inverters and the future trends are comprehensively presented.

A comprehensive review on inverter topologies and control strategies for grid connected photovoltaic system

This paper presents a literature review of the recent developments and trends pertaining to Grid-Connected Photovoltaic Systems (GCPVS). In countries with high penetration of Distributed Generation (DG) resources, GCPVS have been shown to cause inadvertent stress on the electrical grid. A review of the existing and future standards that addresses the technical challenges associated with the growing number of GCPVS is presented. Maximum Power Point Tracking (MPPT), Solar Tracking (ST) and the use of transformless inverters can all lead to high efficiency gains of Photovoltaic (PV) systems while ensuring minimal interference with the grid. Inverters that support ancillary services like reactive power control, frequency regulation and energy storage are critical for mitigating the challenges caused by the growing adoption of GCPVS.

Trends and Challenges of Grid-Connected Photovoltaic Systems – A Review

Installed capacity of renewable energy resources has increased dramatically in recent years, particularly for wind and photovoltaic solar Concurrently, the costs of utility-scale electrical energy storage options have been decreasing, making inevitable a crossing point at which it will become economically viable to couple renewable energy generation with utility-scale storage systems This paper proposes a methodology for calculating Levelized Cost of Electricity (LCOE) for utility-scale storage systems, with the intent of providing engineers, financiers and policy makers the means by which to evaluate disparate storage systems using a common economic metric We discuss the variables influencing LCOE in detail, particularly those pertinent to electrical energy storage systems We present results of LCOE calculations for various storage systems, specifically pumped hydro, compressed air, and chemical batteries, which we then compare with a more traditional arbitrage option, the simple-cycle combustion turbine Federal and State government electrical energy storage tax incentives are considered as well We also analyze the sensitivities of LCOE to several key variables using Monte Carlo analysis Considering the downward-sloping cost trends of storage systems and the increased penetration levels of stochastic and non-dispatchable renewable resources, large-scale storage is becoming a significant issue for utilities, thus justifying the development of a levelized costing algorithm

Calculation of levelized costs of electricity for various electrical energy storage systems

https://pdxscholar.library.pdx.edu/cgi/viewcontent.cgi?article=1571&context=ece_fac

Distributed Energy Resource Aggregation using Customer-Owned Equipment: A Review of Literature and Standards

When the transmission capacity of an electrical system is insufficient to adequately serve customer demand, the transmission system is said to be experiencing congestion. More transmission lines can be built to increase capacity. However, transmission congestion typically only occurs during periods of peak demand, which occur just a few times per year; capitol-intensive investments in new transmission capacity address problems that occur infrequently. Alternative solutions to alleviated transmission congestion have been devised, including generation curtailment, demand response programs, and various remedial action schema. Though not currently a common solution, battery energy storage systems can also provide transmission congestion relief. Technological and market trends indicate the growing production capacity of battery energy storage systems and decreasing prices, which indicate the technology may soon become a viable option for providing congestion relief. Batteries can provide multiple ancillary services, and so can concurrently provide value through multiple revenue streams. In this manuscript, the authors present a systematic review of literature, technology, regulations, and projects related to the use of battery energy storage systems to provide transmission congestion relief.

/pdf/transmission-scale-battery-energy-storage-systems-a-50nlbo0m2z.pdf

Transmission-Scale Battery Energy Storage Systems: A Systematic Literature Review

Deployment of CTA-2045–enabled devices is increasing in the U.S. market. These devices allow utilities or third-party aggregators to control appliance energy use in homes, and could also be applied to end uses in small commercial buildings. This study focuses on a field study using CTA-2045–enabled water heaters to shift electric load off the peak and toward periods when renewable resources are more prevalent (e.g., near noon for solar resources and near midnight for wind resources). The following load shifting strategies were compared to understand effects on the aggregate load-shifting capabilities of Heat Pump Water Heaters (HPWHs) and on consumer hot water supply: non-targeted (traditional), targeted (grouped, with different shifting schedules) and “smart” (adaptive control commands). The results of this study show that targeted and smart control strategies yield significantly more load-shifting potential from a population of water heaters than the non-targeted approach without sacrificing hot water supply to occupants. However, as control commands become more aggressive, aggregators may face challenges in meeting consumer hot water demand. The findings and lessons learned can benefit electric utilities and inform updates to manufacturer controls and communications standards. The data collected may also be useful for developing and validating HPWH models.

Manasseh Obi

Papers

Trends and Challenges of Grid-Connected Photovoltaic Systems – A Review

Calculation of levelized costs of electricity for various electrical energy storage systems

Distributed Energy Resource Aggregation using Customer-Owned Equipment: A Review of Literature and Standards

Transmission-Scale Battery Energy Storage Systems: A Systematic Literature Review

Nontargeted vs. Targeted vs. Smart Load Shifting Using Heat Pump Water Heaters