کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1734261 1016154 2011 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The value of compressed air energy storage in energy and reserve markets
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
The value of compressed air energy storage in energy and reserve markets
چکیده انگلیسی

Storage devices can provide several grid services, however it is challenging to quantify the value of providing several services and to optimally allocate storage resources to maximize value. We develop a co-optimized Compressed Air Energy Storage (CAES) dispatch model to characterize the value of providing operating reserves in addition to energy arbitrage in several U.S. markets. We use the model to: (1) quantify the added value of providing operating reserves in addition to energy arbitrage; (2) evaluate the dynamic nature of optimally allocating storage resources into energy and reserve markets; and (3) quantify the sensitivity of CAES net revenues to several design and performance parameters. We find that conventional CAES systems could earn an additional $23 ± 10/kW-yr by providing operating reserves, and adiabatic CAES systems could earn an additional $28 ± 13/kW-yr. We find that arbitrage-only revenues are unlikely to support a CAES investment in most market locations, but the addition of reserve revenues could support a conventional CAES investment in several markets. Adiabatic CAES revenues are not likely to support an investment in most regions studied. Modifying CAES design and performance parameters primarily impacts arbitrage revenues, and optimizing CAES design will be nearly independent of dispatch strategy.


► CAES is optimized to dispatch into energy and operating reserve markets.
► Reserve revenues add $23/kW-yr and $28/kW-yr for conventional and adiabatic CAES.
► CAES resources must be dynamically allocated to capture their full value.
► CAES design parameters can be optimized independent of dispatch strategy.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy - Volume 36, Issue 8, August 2011, Pages 4959–4973
نویسندگان
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