Compressed Air Energy Storage in an Electricity System With Significant Wind Power Generation
- 20 February 2007
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Energy Conversion
- Vol. 22 (1), 95-102
- https://doi.org/10.1109/tec.2006.889547
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 deploymentKeywords
This publication has 15 references indexed in Scilit:
- Application of dynamic programming to the optimal management of a hybrid power plant with wind turbines, photovoltaic panels and compressed air energy storageApplied Energy, 2012
- The costs of wind's intermittency in Germany: application of a stochastic electricity market modelEuropean Transactions on Electrical Power, 2006
- Technical–economic analysis of wind-powered pumped hydrostorage systems. Part I: model developmentSolar Energy, 2005
- Technical–economic analysis of wind-powered pumped hydrostorage systems. Part II: model application to the island of El HierroSolar Energy, 2005
- Using hydropower to complement wind energy: a hybrid system to provide firm powerRenewable Energy, 2004
- On the Optimization of the Daily Operation of a Wind-Hydro Power PlantIEEE Transactions on Power Systems, 2004
- Operation of Hybrid Wind-Turbine Compressed-Air System for Connection to Electric Grid Networks and CogenerationWind Engineering, 2003
- Adding wind energy to hydropowerEnergy Policy, 2002
- Feasibility study of a hybrid wind/hydro power-system for low-cost electricity productionApplied Energy, 2002
- On the fluctuating power generation of large wind energy converters, with and without storage facilitiesSolar Energy, 1978