EconPapers    
Economics at your fingertips  
 

Economic assessment for compressed air energy storage business model alternatives

Catarina R. Matos, Patricia Silva () and Júlio F. Carneiro

Applied Energy, 2023, vol. 329, issue C, No S0306261922015306

Abstract: Compressed air energy storage (CAES) is a large-scale energy storage system with long-term capacity for utility applications. This study evaluates different business models' economic feasibility of CAES pre-selected reservoir case studies. It assesses several scenarios for each case study and analyzes two business models: one for the storage of excess renewable energy sources (RES) and another for energy arbitrage. The novelty of this work is performing the economic investment assessment using a Monte Carlo Simulation (MCS) methodology applied to CAES, considering the uncertainties associated with such types of projects and evaluating different business models for the technology.

Keywords: Compressed air energy storage; Economic analysis; Business models; Monte Carlo simulation (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261922015306
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:329:y:2023:i:c:s0306261922015306

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2022.120273

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2024-03-02
Handle: RePEc:eee:appene:v:329:y:2023:i:c:s0306261922015306