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Techno-economic Modelling of Large Scale Compressed Air Energy Storage Systems

Lookup NU author(s): Dr Yaodong WangORCiD

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


Abstract

© 2017 The Authors. Published by Elsevier Ltd. Interest in integrating energy storage systems into the power grid has increased in Europe over the past decade due to strategies to overcome the intermittent nature of renewable electricity sources. One of these technologies is compressed air energy storage (CAES). The main purpose of this paper is to examine the technical and economic potential of CAES systems. In this work, two configurations a) Adiabatic Compressed Air Energy Storage (A-CAES); and b) Conventional Compressed Air Energy Storage (C-CAES) were modelled using the ECLIPSE suite of process simulation software. The nominal compression and power generation of both systems were given at 100MWe and 140MWe respectively. For each mode of operation an energy analysis was carried out. Energy use was calculated and compared for each system mode. Based on the results of mass and energy balances, an economic evaluation of the systems was conducted. Technical results showed that the overall efficiency of the A-CAES system would be 64.7%, considerably better than that of the C-CAES system at 52.6%. However it could be seen in the economic analysis that the breakeven electricity selling price (BESP) of the A-CAES system was 152€/MWh, much higher than that of the C-CAES system at 95€/MWh on average.


Publication metadata

Author(s): Huang Y, Chen HS, Zhang XJ, Keatley P, Huang MJ, Vorushylo I, Wang YD, Hewitt NJ

Editor(s): Jinyue Yan, Fengchun Sun, SK Chou, Umberto Desideri, Hailong Li, Pietro Campana and Rui Xiong

Publication type: Conference Proceedings (inc. Abstract)

Publication status: Published

Conference Name: 8th International Conference on Applied Energy (ICAE2016)

Year of Conference: 2017

Pages: 4034-4039

Print publication date: 01/05/2017

Online publication date: 01/06/2017

Acceptance date: 02/04/2016

Date deposited: 18/07/2017

ISSN: 1876-6102

Publisher: Elsevier Ltd

URL: https://doi.org/10.1016/j.egypro.2017.03.851

DOI: 10.1016/j.egypro.2017.03.851

Series Title: Energy Procedia


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