A multi-service approach for planning the optimal mix of energy storage technologies in a fully-renewable power supply

Haas, Jannik; Cebulla, Felix; Nowak, Wolfgang; Rahmann, Claudia; Palma‐Behnke, Rodrigo

doi:10.1016/j.enconman.2018.09.087

Cited by 65 publications

(27 citation statements)

References 44 publications

(69 reference statements)

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“…Many previous investigations have explored the wide‐ranging effects of deep decarbonization of electric power systems on cost (including market prices), system reliability, and environmental performance (Haas et al., 2018; Kavalec et al., 2018; Li & Hedman, 2015; Mai et al., 2012; Steinberg et al., 2017; Sun et al., 2018; Woo et al., 2017). However, key questions remain unanswered, including the vulnerability of future grid configurations to uncertainty in hydrometeorological conditions, which strongly affects interactions between supply and demand (and thus price dynamics) in power markets (Tarroja et al., 2016).…”

Section: Introductionmentioning

confidence: 99%

Technology Pathways Could Help Drive the U.S. West Coast Grid's Exposure to Hydrometeorological Uncertainty

et al. 2022

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Previous studies investigating deep decarbonization of bulk electric power systems and wholesale electricity markets have not sufficiently explored how future grid pathways could affect the grid's vulnerability to hydrometeorological uncertainty on multiple timescales. Here, we employ a grid operations model and a large synthetic weather ensemble to “stress test” a range of future grid pathways for the U.S. West Coast developed by ReEDS, a well‐known capacity planning model. Our results show that gradual changes in the underlying capacity mix from 2020 to 2050 can cause significant “re‐ranking” of weather years in terms of annual wholesale electricity prices (with “good” years becoming bad, and vice versa). Nonetheless, we find the highest and lowest ranking price years in terms of average electricity price remain mostly tied to extremes in hydropower availability (streamflow) and load (summer temperatures), with the strongest sensitivities related to drought. Seasonal dynamics seen today involving spring snowmelt and hot, dry summers remain well‐defined out to 2050. In California, future supply shortfalls in our model are concentrated in the evening and occur mostly during periods of high temperature anomalies in late summer months and in late winter; in the Pacific Northwest, supply shortfalls are much more strongly tied to negative streamflow anomalies. Under our more robust sampling of stationary hydrometeorological uncertainty, we also find that the ratio of dis‐patchable thermal (i.e., natural gas) capacity to wind and solar required to ensure grid reliability can differ significantly from values reported by ReEDS.

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Section: Introductionmentioning

confidence: 99%

Technology Pathways Could Help Drive the U.S. West Coast Grid's Exposure to Hydrometeorological Uncertainty

et al. 2022

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“…Power system management and control problems are often studied as optimization problems, in which the underlying assumption is that there exists one entity with unlimited knowledge and control span [9][10][11][12][13]. While this approach might have been relevant for many years, it is gradually becoming unrealistic due to the decentralization and deregulation of energy markets.…”

Section: Discussionmentioning

confidence: 99%

“…Yet, recent studies show that the interactions among these players are at least as important as the individual behavior of each of them [6][7][8]. The current approach of most studies is to forecast the development of power systems by solving optimization problems from the perspective of one entity with unlimited knowledge and control span [9][10][11][12][13]. While this approach might have been relevant for many years, it is gradually becoming unrealistic due to the decentralization and deregulation of the energy market.…”

Section: Introductionmentioning

confidence: 99%

Applications of Game Theory to Design and Operation of Modern Power Systems: A Comprehensive Review

et al. 2020

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In this work, we review papers that employ game theoretic tools to study the operation and design of modern electric grids. We consider four topics in this context: energy trading, energy balancing, grid planning, and system reliability, and we demonstrate the advantages of using game-theoretic approaches for analyzing complex interactions among independent players. The results and conclusions provide insights regarding many aspects of design and operation, such as efficient methodologies for expansion planning, cyber-security, and frequency stability, or fair-benefit allocation among players. A central conclusion is that modeling the system from the perspective of one entity with unlimited information and control span is often impractical, so correct modeling of the selfish behavior of independent players may be critical for the development of future power systems. Another conclusion is that correct usage of incentives by appropriate regulation or sophisticated pricing mechanisms may improve the social welfare, and, in several cases, the results obtained are as good as those obtained by central planning. Using an extensive content analysis, we point to several trends in the current research and attempt to identify the research directions that are currently at the focus of the community.

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“…It should also be recognized that the energy storage device plays a positive role in ensuring the reliability of the power grid and the economic operation of low-carbon generator sets. Establishing a reasonable price compensation mechanism for the auxiliary service provided by the energy storage device will moderate the negative impact on the investment decisions of the energy storage device [68,69].…”

Section: Knowledge Basementioning

confidence: 99%

Research Characteristics and Development Trend of Global Low-Carbon Power—Based on Bibliometric Analysis of 1983–2021

2021

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Achieving Net zero emissions is a common challenge facing all mankind. Low-carbon electricity has always been the main research field of global GHG emission control. The current article aims to use the bibliometric analysis to describe the characteristics and trends of low-carbon electricity publications from 1983 to 2021. We found that: (1) the number of publications in this area has shown an overall increase in the past 33 years. (2) the United States is the most powerful country in this field of research. Moreover, with the exception of major developed countries, more and more emerging economies have also joined the research on low-carbon power systems. (3) co-citation analysis and literature clustering characteristics show that the knowledge base in this field is focused on the decomposition of driving factors for carbon dioxide emissions and the optimization of the operation of renewable energy (RE) in low-carbon power systems. (4) the utilization of RE is a hot topic in low-carbon power research. Through this research, global scholars can be provided with the latest overview of valuable low-carbon energy research trends.

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A multi-service approach for planning the optimal mix of energy storage technologies in a fully-renewable power supply

Cited by 65 publications

References 44 publications

Technology Pathways Could Help Drive the U.S. West Coast Grid's Exposure to Hydrometeorological Uncertainty

Technology Pathways Could Help Drive the U.S. West Coast Grid's Exposure to Hydrometeorological Uncertainty

Applications of Game Theory to Design and Operation of Modern Power Systems: A Comprehensive Review

Research Characteristics and Development Trend of Global Low-Carbon Power—Based on Bibliometric Analysis of 1983–2021

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