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

A. Foley, I. Díaz Lobera

Research output: Contribution to journalArticle

63 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)85-94
Number of pages10
JournalEnergy
Volume57
Early online date01 Jun 2013
DOIs
Publication statusPublished - 01 Aug 2013

Keywords

  • Ancillary services;
  • Compressed air energy storage;
  • Electricity markets;
  • Emissions;
  • Energy storage;
  • Wind power

ASJC Scopus subject areas

  • Energy(all)

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