Abstract:Highlights
In 2018, more than 1% of potential PV output was curtailed in several key markets.
Curtailment is driven by PV location, transmission limits, and oversupply.
Curtailment follows seasonal patterns and is influenced by policy and grid planning.
Grid flexibility, storage, demand response, and regional coordination reduce losses.
Optimal rather than minimal curtailment is more efficient for future grid contexts.
“…Thus, the value of curtailed energy is low. Although curtailment of VRE has often been seen as a worrisome problem, O'Shaughnessy et al 57 provide a multi-country description of VRE curtailment and its impacts, and they suggest that the cost efficient VRE integration strategies will target an ''optimal'' amount of curtailment rather than target elimination of curtailment. Here, optimal could be defined by meeting multiple objectives, for example, minimizing costs and emissions across the electric system.…”
Increased wind and solar energy generation is needed to meet decarbonization goals. However, increased electricity supply during sunny or windy hours drives down electricity prices, and thus wind and solar value, potentially slowing wind and solar deployment. Here, we measure value decline over time based on potential energy and capacity revenue at wind and solar plants across the United States. We assess the causes of value decline, comparing generation timing, transmission congestion, and curtailment, and discuss strategies for its mitigation.
“…Thus, the value of curtailed energy is low. Although curtailment of VRE has often been seen as a worrisome problem, O'Shaughnessy et al 57 provide a multi-country description of VRE curtailment and its impacts, and they suggest that the cost efficient VRE integration strategies will target an ''optimal'' amount of curtailment rather than target elimination of curtailment. Here, optimal could be defined by meeting multiple objectives, for example, minimizing costs and emissions across the electric system.…”
Increased wind and solar energy generation is needed to meet decarbonization goals. However, increased electricity supply during sunny or windy hours drives down electricity prices, and thus wind and solar value, potentially slowing wind and solar deployment. Here, we measure value decline over time based on potential energy and capacity revenue at wind and solar plants across the United States. We assess the causes of value decline, comparing generation timing, transmission congestion, and curtailment, and discuss strategies for its mitigation.
“…At the current stage of the energy transition, the quantity of overgeneration across most of the world is much larger than the total capacity of installed grid-level energy storage ( Arbabzadeh et al., 2019 ; Canbulat et al., 2021 ; O’Shaughnessy et al., 2020 ); as such, a reasonable assumption is that currently, the full capacity of a VRFB will be utilized as per its specified use profile, i.e., number-of-cycles/day. To calculate the carbon savings made possible by a VRFB in a scenario where no other storage options are in place, we assume that the total renewable electricity that a battery could have stored must be later generated by a dispatchable source of electricity such as coal, according to Equation 1 : where denotes the carbon footprint of the total electricity production from a coal source (888 kg CO 2 eq/MWh delivered) ( Report, 2011 ), represents the carbon footprint of producing the same quantity of electricity from a renewable source (wind or solar, 16 kg CO 2 eq/MWh, and 106 kg CO 2 eq/MWh, respectively)( Report, 2011 ; Weber et al., 2018 ), and represents the total carbon footprint of the VRFB ( Weber et al., 2018 ).…”
Summary
The decarbonization of heavy industry and the emergence of renewable energy technologies are inextricably linked to access to mineral resources. As such, there is an urgent need to develop benchmarked assessments of the role of critical elements in reducing greenhouse gas emissions. Here, we explore the role of vanadium in decarbonizing construction by serving as a microalloying element and enabling the energy transition as the primary component of flow batteries used for grid-level storage. We estimate that vanadium has enabled an avoided environmental burden totaling 185 million metric tons of CO
2
on an annual basis. A granular analysis estimates savings for China and the European Union at 1.15% and 0.18% of their respective emissions, respectively. Our results highlight the role of critical metals in developing low-carbon infrastructure while underscoring the need for holistic assessments to inform policy interventions that mitigate supply chain risks.
“…For instance, Portland General Electric since 2018 experiments in the Portland Microgrid Testbed that covers an area of more than 20,000 customers. These concepts are pursued at a time when photovoltaic power generation is increasingly curtailed worldwide, which causes the need for local solutions (O'Shaughnessy et al 2020). New regulation on mandatory installations of solar panels on newly developed buildings, as discussed in Germany and implemented in California (Senet 2019), might further increase the need for smart energy solutions in densely populated areas.…”
Section: The Next Steps For Decentralized Energy Marketsmentioning
Since the beginning of the energy sector liberalization, the design of energy markets has become a prominent field of research. Markets nowadays facilitate efficient resource allocation in many fields of energy system operation, such as plant dispatch, control reserve provisioning, delimitation of related carbon emissions, grid congestion management, and, more recently, smart grid concepts and local energy trading. Therefore, good market designs play an important role in enabling the energy transition toward a more sustainable energy supply for all. In this chapter, we retrace how market engineering shaped the development of energy markets and how the research focus shifted from national wholesale markets to more decentralized and location-sensitive concepts.
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