Journal ArticleDOI
Economics of compressed air energy storage to integrate wind power: A case study in ERCOT
Emily Fertig,Jay Apt +1 more
TLDR
In this paper, the authors present a firm-level engineering-economic analysis of a wind/CAES system with a wind farm in central Texas, load in either Dallas or Houston, and a CAES plant whose location is profit-optimized.About:
This article is published in Energy Policy.The article was published on 2011-05-01. It has received 159 citations till now. The article focuses on the topics: Wind power & Grid energy storage.read more
Citations
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Electrical energy storage systems: A comparative life cycle cost analysis
Behnam Zakeri,Sanna Syri +1 more
TL;DR: In this paper, the authors examined the existing literature in the analysis of life cycle costs of utility-scale electricity storage systems, providing an updated database for the cost elements (capital costs, operational and maintenance costs, and replacement costs).
Journal ArticleDOI
A review of available methods and development on energy storage; technology update
Teuku Meurah Indra Mahlia,Teuku Meurah Indra Mahlia,T. J. Saktisahdan,A. Jannifar,M.H. Hasan,H.S.C. Matseelar +5 more
TL;DR: In this article, various types of energy storage including compressed air energy storage (CAES), flywheel energy storage, FES, pumped hydro energy storage and thermal energy storage are discussed.
Journal ArticleDOI
Review of energy storage technologies for sustainable power networks
Daniel Akinyele,Ramesh Rayudu +1 more
TL;DR: In this paper, a comprehensive review of energy storage technologies that are currently engaged for power applications, including pumped hydro, compressed-air, battery, flywheel, capacitor, supercapacitor, superconducting magnetic and thermal systems, is presented.
Journal ArticleDOI
Flexibility requirements of renewable energy based electricity systems – a review of research results and methodologies
TL;DR: In this article, the authors classified exemplary study results from the German and European energy systems into technical, economic, and market potential categories to enhance their comparability and conduct a methodological evaluation of the literature findings to determine further research requirements.
Journal ArticleDOI
Storage Requirements and Costs of Shaping Renewable Energy Toward Grid Decarbonization
Micah S. Ziegler,Joshua M. Mueller,Gonçalo D. Pereira,Juhyun Song,M. Ferrara,Yet-Ming Chiang,Jessika E. Trancik,Jessika E. Trancik +7 more
TL;DR: In this paper, the authors compare the performance of wind and solar energy with storage to meet various demand profiles and estimate that energy storage capacity costs below a roughly $20/kWh target would allow a wind-solar mix to provide cost-competitive baseload electricity in resource-abundant locations such as Texas and Arizona.
References
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Journal ArticleDOI
Global Optimization of Statistical Functions with Simulated Annealing
TL;DR: This implementation of simulated annealing was used in "Global Optimization of Statistical Functions with Simulated Annealing," Goffe, Ferrier and Rogers, Journal of Econometrics, vol.
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Estimating the value of electricity storage in PJM: Arbitrage and some welfare effects !
TL;DR: In this paper, the authors analyzed the arbitrage value of a price-taking storage device in PJM during the six-year period from 2002 to 2007, to understand the impact of fuel prices, transmission constraints, efficiency, storage capacity, and fuel mix.
Journal ArticleDOI
The value of compressed air energy storage with wind in transmission- constrained electric power systems
Paul Denholm,Ramteen Sioshansi +1 more
TL;DR: In this paper, the authors examined the potential advantages of co-locating wind and energy storage to increase transmission utilization and decrease transmission costs, and 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.
Journal ArticleDOI
The economics of large-scale wind power in a carbon constrained world
TL;DR: In this paper, the authors provide an economic characterization of a wind system in which long-distance electricity transmission, storage, and gas turbines are used to supplement variable wind power output to meet a time-varying load.
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The value of compressed air energy storage with wind in transmission- constrained electric power systems
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