The Economic Analysis of Energy Storage Large-Scale Application Based on Equal Demand Substitution

2018 ◽  
Author(s):  
Xuan Wenbo ◽  
Liu Zhongyi ◽  
Xiao Weidong ◽  
Mao Hua ◽  
Lei Zheng ◽  
...  
Keyword(s):  
Energy Storage ◽  
Economic Analysis ◽  
Large Scale ◽  
Demand Substitution

scholarly journals Techno-Economic Analysis of a Kilo-Watt Scale Hydrogen-Bromine Flow Battery System for Sustainable Energy Storage

Processes ◽  
2020 ◽  
Vol 8 (11) ◽  
pp. 1492
Author(s):  
Yohanes Antonius Hugo ◽  
Wiebrand Kout ◽  
Guido Dalessi ◽  
Antoni Forner-Cuenca ◽  
Zandrie Borneman ◽  
...  
Keyword(s):  
Energy Storage ◽  
Economic Analysis ◽  
Large Scale ◽  
Storage System ◽  
Base Case ◽  
Capital Investments ◽  
Flow Battery ◽  
Future Scenario ◽  
Electricity Grid ◽  
Levelized Cost

Transitioning to a renewable energy economy requires the widespread integration of solar and wind power, which are intermittent, into the electricity grid. To this goal, it is paramount to develop cost-competitive, reliable, location-independence, and large-scale energy storage technologies. The hydrogen bromine flow battery (HBFB) is a promising technology given the abundant material availability and its high power density. Here, the aim is to perform a comprehensive techno-economic analysis of a 500 kW nominal power/5 MWh HBFB storage system, based on the levelized cost of storage approach. Then, we systematically analyze stack and system components costs for both the current base and a future scenario (2030). We find that, for the base case, HBFB capital investments are competitive to Li-ion battery technology, highlighting the potential of large-scale HBFB market introduction. Improving the stack performance and reducing the stack and system costs are expected to result in ~62% reduction potential in capital investments. The base-case levelized cost of storage, $0.074/kWh, is sufficiently low for a wind-solar storage system to compete with a fossil-based power plant, with potential for reduction to $0.034/kWh in the future scenario. Sensitivity analysis indicates that the levelized cost of storage is most sensitive towards the stack lifetime, which motivates research efforts into advanced electrocatalysts with higher durability and ion-exchange membranes with improved selectivity.

scholarly journals Techno-Economic Analysis of a Solar Thermal Plant for Large-Scale Water Pasteurization

2020 ◽  
Vol 10 (14) ◽  
pp. 4771
Author(s):  
Alberto Bologna ◽  
Matteo Fasano ◽  
Luca Bergamasco ◽  
Matteo Morciano ◽  
Francesca Bersani ◽  
...  
Keyword(s):  
Energy Storage ◽  
Economic Analysis ◽  
Thermal Energy ◽  
Thermal Energy Storage ◽  
Large Scale ◽  
Radiation Treatment ◽  
Renewable Energy Sources ◽  
Unit Cost ◽  
Solar Thermal ◽  
Plant Layout

Water pasteurization has the potential to overcome some of the drawbacks of more conventional disinfection techniques such as chlorination, ozonation and ultraviolet radiation treatment. However, the high throughput of community water systems requires energy-intensive processes, and renewable energy sources have the potential to improve the sustainability of water pasteurization plants. In case of water pasteurization by solar thermal treatment, the continuity of operation is limited by the intermittent availability of the solar irradiance. Here we show that this problem can be addressed by a proper design of the plant layout, which includes a thermal energy storage system and an auxiliary gas boiler. Based on a target pasteurization protocol validated by experiments, a complete lumped-component model of the plant is developed and used to determine the operating parameters and size of the components for a given delivery flow rate. Finally, we report an economic analysis of the proposed plant layout, which allows its optimization for different scenarios based on two design variables, namely the solar multiple and the duration of the thermal energy storage. Based on the analyzed cases, it is found that the proposed plant layouts may yield a unit cost of water treatment ranging from ≈32 EUR-cents m−3 to ≈25 EUR-cents m−3.

scholarly journals Techno-economic Analysis of High-Temperature Thermal Energy Storage for On-Demand Heat and Power

2022 ◽  
Author(s):  
Peng Peng ◽  
Lin Yang ◽  
Akanksha Menon ◽  
Nathaniel Weger ◽  
Ravi Prasher ◽  
...  
Keyword(s):  
Electrical Conductivity ◽  
High Temperature ◽  
Energy Storage ◽  
Economic Analysis ◽  
Thermal Energy ◽  
Thermal Energy Storage ◽  
Large Scale ◽  
Renewable Energy Sources ◽  
Temperature Cycle ◽  
Storage Duration

Herein we present a concept of a high-temperature, thermal energy storage (HT-TES) system for large-scale long duration energy storage (>10 hours) applications. The system relies on tunable composite ceramic materials with high electrical conductivity and can output the stored energy flexibly in the form of heat at 1100 degrees C or higher, and as electricity. We model the performance and cost of the system in a techno-economic analysis to identify key material and system properties influencing viability. For applications with daily operation (12 hours storage duration), we find achieving levelized storage costs below US Department of Energy’s 5 ₵/kWhe (1-2.5 ₵/kWhth equivalent) target by 2030 is possible. Candidate materials should have above 600-900 high-temperature cycle stability while offering at least 104 S/m of electrical conductivity. Our results suggest this system can be economical for longer storage durations (weeks to months) when coupled with intermittent charging using surplus renewable energy sources.

scholarly journals Research on capacity optimization of micro-grid hybrid energy storage system based on simulated annealing artificial fish swarm algorith with memory function

2020 ◽  
Vol 185 ◽  
pp. 01023
Author(s):  
Yuan An ◽  
Jianing Li ◽  
Cenyue Chen
Keyword(s):  
Simulated Annealing ◽  
Energy Storage ◽  
Large Scale ◽  
Memory Function ◽  
Storage System ◽  
Energy Storage System ◽  
Hybrid Energy ◽  
Hybrid Energy Storage ◽  
Hybrid Energy Storage System ◽  
With Memory

The intermittence and uncertainty of wind power and photovoltaic power have hindered the large-scale development of both. Therefore, it is very necessary to properly configure energy storage devices in the wind-solar complementary power grid. For the hybrid energy storage system composed of storage battery and supercapacitor, the optimization model of hybrid energy storage capacity is established with the minimum comprehensive cost as the objective function and the energy saving and charging state as the constraints. A simulated annealing artificial fish school algorithm with memory function is proposed to solve the model. The results show that the hybrid energy storage system can greatly save costs and improve system economy.

Trust is Good, Control is Better: A Review on Monitoring and Characterization Techniques for Flow Battery Electrolytes

2021 ◽  
Author(s):  
Ulrich Sigmar Schubert ◽  
Oliver Nolte ◽  
Ivan Volodin ◽  
Christian Stolze ◽  
Martin D. Hager
Keyword(s):  
Energy Storage ◽  
Electricity Generation ◽  
Large Scale ◽  
Good Control ◽  
Renewable Electricity ◽  
Flow Battery ◽  
Large Share ◽  
Characterization Techniques ◽  
Renewable Electricity Generation ◽  
Storage Technologies

Flow Batteries (FBs) currently are one of the most promising large-scale energy storage technologies for energy grids with a large share of renewable electricity generation. Among the main technological challenges...

Sign in / Sign up

Export Citation Format

Share Document