Impacts of compressed air energy storage plant on an electricity market with a large renewable energy portfolio

A. Foley and I. Díaz Lobera

Energy, 2013, vol. 57, issue C, 85-94

Abstract: Renewable energy generation is expected to continue to increase globally due to renewable energy targets and obligations to reduce greenhouse gas emissions. Some renewable energy sources are variable power sources, for example wind, wave and solar. Energy storage technologies can manage the issues associated with variable renewable generation and align non-dispatchable renewable energy generation with load demands. Energy storage technologies can play different roles in each of the step of the electric power supply chain. Moreover, large scale energy storage systems can act as renewable energy integrators by smoothing the variability. Compressed air energy storage is one such technology. This paper examines the impacts of a compressed air energy storage facility in a pool based wholesale electricity market in a power system with a large renewable energy portfolio.

Keywords: Energy storage; Electricity markets; Wind power; Compressed air energy storage; Ancillary services; Emissions (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:57:y:2013:i:c:p:85-94

DOI: 10.1016/j.energy.2013.04.031

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