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Compressed Air Energy Storage in an Electricity System With Significant Wind Power Generation
Abstract
In this paper, a stochastic electricity market model is applied to estimate the effects of significant wind power generation on system operation and on economic value of investments in compressed air energy storage (CAES). The model's principle is cost minimization by determining the system costs mainly as a function of available generation and transmission capacities, primary energy prices, plant characteristics, and electricity demand. To obtain appropriate estimates, notably reduced efficiencies at part load, start-up costs, and reserve power requirements are taken into account. The latter are endogenously modeled by applying a probabilistic method. The intermittency of wind is covered by a stochastic recombining tree and the system is considered to adapt on increasing wind integration over time by endogenous modeling of investments in selected thermal power plants and CAES. Results for a German case study indicate that CAES can be economic in the case of large-scale wind power deployment.
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Cited by
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Vazquez, S., Lukic, S. M., Galvan, E., Franquelo, L. G., & Carrasco, J. M. (2010) · IEEE Transactions on Industrial Electronics · doi:10.1109/tie.2010.2076414 · Cited by 1,347
Technologies and perspectives for achieving carbon neutrality
Wang, F., Harindintwali, J. D., Yuan, Z., Wang, M., Wang, F., Li, S., Yin, Z., Huang, L., Fu, Y., Li, L., et al. (2021) · The Innovation · doi:10.1016/j.xinn.2021.100180 · Cited by 1,330
Pumped hydro energy storage system: a technological review
Rehman, S., Al-Hadhrami, L. M., & Alam, M. M. (2015) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2014.12.040 · Cited by 1,264
Energy storage for mitigating the variability of renewable electricity sources: An updated review
Beaudin, M., Zareipour, H., Schellenberglabe, A., & Rosehart, W. (2010) · Energy for Sustainable Development · doi:10.1016/j.esd.2010.09.007 · Cited by 1,042
The role of compressed air energy storage (CAES) in future sustainable energy systems
Lund, H., & Salgi, G. (2009) · Energy Conversion and Management · doi:10.1016/j.enconman.2009.01.032 · Cited by 559
Metadata
- Authors
- Swider, D. J.
- Venue
- IEEE Transactions on Energy Conversion
- Published
- 2007-03
- Volume
- 22
- Issue
- 1
- Pages
- 95-102
- ISSN
- 0885-8969 (ISSN-L)
- OpenAlex
- W2107251441
- Cited by
- 236
- References
- 0
- FWCI
- 12.29
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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