Cited by 47Electric Power System OptimizationIntegrated Energy Systems OptimizationPower Systems and Renewable Energy

Tradeoffs between revenue and emissions in energy storage operation

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Arciniegas, Laura M., Hittinger, Eric·2018·Energy

Abstract

Grid-level energy storage is an emerging technology that provides operational flexibility for managing electricity demand, integrating renewable energy, and improving system reliability. However, it has been established that revenue-maximizing grid-level energy storage tends to increase system emissions in current US electricity grids. In this work, we consider storage operational strategies that value both revenue and CO 2 emissions to understand the tradeoffs between these two criteria. We use actual electricity prices and marginal emissions factors in a linear programming model that optimizes operation between annual revenue and CO 2 emissions to find the Pareto Frontier for 22 eGRID sub-regions. We find that, in many US regions, marginal storage-induced CO 2 emissions can be decreased significantly (25–50%) with little effect on revenue (1–5%). Electricity grids with larger flexibility in daily electricity prices and in marginal emissions factors have more potential to reduce annual storage CO 2 emissions at low cost to storage operators. These results show that negative environmental effects of storage operation can be reduced or eliminated at low cost through voluntary or regulatory shifts in operational patterns.

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Crossref · 10.1016/j.energy.2017.10.123

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Authors
Arciniegas, L. M., & Hittinger, E.
Affiliations
Rochester Institute of Technology (US)
Corresponding author
Hittinger, Eric
Venue
Energy
Publisher
Elsevier BV
Published
2018-01
Volume
143
Pages
1-11
ISSN
0360-5442 (ISSN-L)
OpenAlex
W2765207321
Cited by
47
References
24
Citations by year
2025: 7 · 2024: 3 · 2023: 4 · 2022: 5 · 2021: 6 · 2020: 9 · 2019: 8 · 2018: 5
FWCI
2.50
Type
journal article
Language
en
Open access
Locations
  • Energy (publishedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
Funders
National Science Foundation (1706228)
Topics
  • Physical Sciences › Engineering › Electrical and Electronic Engineering › Electric Power System Optimization
  • Physical Sciences › Engineering › Electrical and Electronic Engineering › Integrated Energy Systems Optimization
  • Physical Sciences › Energy › Energy Engineering and Power Technology › Power Systems and Renewable Energy
Keywords
grid-scale energy storage, CO2 emissions, Pareto front, electricity prices, operational flexibility, renewable energy integration, linear programming

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