The combined value of wind and solar power forecasting improvements and electricity storage

Bri Mathias Hodge; Carlo Brancucci Martinez-Anido; Qin Wang; Erol Chartan; Anthony Florita; Juha Kiviluoma

doi:10.1016/j.apenergy.2017.12.120

The combined value of wind and solar power forecasting improvements and electricity storage

Bri Mathias Hodge^*
, Carlo Brancucci Martinez-Anido
, Qin Wang
, Erol Chartan
, Anthony Florita
, Juha Kiviluoma

^*Corresponding author for this work

National Renewable Energy Laboratory (NREL)

Research output: Contribution to journal › Article › Scientific › peer-review

116 Citations (Scopus)

Abstract

As the penetration rates of variable renewable energy increase, the value of power systems operation flexibility technology options, such as renewable energy forecasting improvements and electricity storage, is also assumed to increase. In this work, we examine the value of these two technologies, when used independently and concurrently, for two real case studies that represent the generation mixes for the California and Midcontinent Independent System Operators (CAISO and MISO). Since both technologies provide additional system flexibility they reduce operational costs and renewable curtailment for both generation mixes under study. Interestingly, the relative impacts are quite similar when both technologies are used together. Though both flexibility options can solve some of the same issues that arise with high penetration levels of renewables, they do not seem to significantly increase or decrease the economic potential of the other technology.

Original language	English
Pages (from-to)	1-15
Number of pages	15
Journal	Applied Energy
Volume	214
DOIs	https://doi.org/10.1016/j.apenergy.2017.12.120
Publication status	Published - 15 Mar 2018
MoE publication type	A1 Journal article-refereed

Funding

Bri-Mathias Hodge would like to sincerely thank the Fulbright Center and the VTT Technical Research Centre of Finland for supporting this work through a Fulbright-VTT Grant in Science, Technology and Innovation. This work was also supported by the U.S. Department of Energy under Contract No. DE-AC36-08-GO28308 with the National Renewable Energy Laboratory.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Electricity storage
Power systems planning
Solar power forecasting
Solar power integration
Wind power forecasting
Wind power integration

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10.1016/j.apenergy.2017.12.120

Cite this

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title = "The combined value of wind and solar power forecasting improvements and electricity storage",

abstract = "As the penetration rates of variable renewable energy increase, the value of power systems operation flexibility technology options, such as renewable energy forecasting improvements and electricity storage, is also assumed to increase. In this work, we examine the value of these two technologies, when used independently and concurrently, for two real case studies that represent the generation mixes for the California and Midcontinent Independent System Operators (CAISO and MISO). Since both technologies provide additional system flexibility they reduce operational costs and renewable curtailment for both generation mixes under study. Interestingly, the relative impacts are quite similar when both technologies are used together. Though both flexibility options can solve some of the same issues that arise with high penetration levels of renewables, they do not seem to significantly increase or decrease the economic potential of the other technology.",

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author = "Hodge, \{Bri Mathias\} and \{Brancucci Martinez-Anido\}, Carlo and Qin Wang and Erol Chartan and Anthony Florita and Juha Kiviluoma",

note = "Funding Information: Bri-Mathias Hodge would like to sincerely thank the Fulbright Center and the VTT Technical Research Centre of Finland for supporting this work through a Fulbright-VTT Grant in Science, Technology and Innovation. This work was also supported by the U.S. Department of Energy under Contract No. DE-AC36-08-GO28308 with the National Renewable Energy Laboratory. Funding Information: Bri-Mathias Hodge would like to sincerely thank the Fulbright Center and the VTT Technical Research Centre of Finland for supporting this work through a Fulbright-VTT Grant in Science, Technology and Innovation. This work was also supported by the U.S. Department of Energy under Contract No. DE-AC36-08-GO28308 with the National Renewable Energy Laboratory. Publisher Copyright: {\textcopyright} 2018 Elsevier Ltd Copyright: Copyright 2018 Elsevier B.V., All rights reserved.",

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AU - Florita, Anthony

AU - Kiviluoma, Juha

N1 - Funding Information: Bri-Mathias Hodge would like to sincerely thank the Fulbright Center and the VTT Technical Research Centre of Finland for supporting this work through a Fulbright-VTT Grant in Science, Technology and Innovation. This work was also supported by the U.S. Department of Energy under Contract No. DE-AC36-08-GO28308 with the National Renewable Energy Laboratory. Funding Information: Bri-Mathias Hodge would like to sincerely thank the Fulbright Center and the VTT Technical Research Centre of Finland for supporting this work through a Fulbright-VTT Grant in Science, Technology and Innovation. This work was also supported by the U.S. Department of Energy under Contract No. DE-AC36-08-GO28308 with the National Renewable Energy Laboratory. Publisher Copyright: © 2018 Elsevier Ltd Copyright: Copyright 2018 Elsevier B.V., All rights reserved.

PY - 2018/3/15

Y1 - 2018/3/15

N2 - As the penetration rates of variable renewable energy increase, the value of power systems operation flexibility technology options, such as renewable energy forecasting improvements and electricity storage, is also assumed to increase. In this work, we examine the value of these two technologies, when used independently and concurrently, for two real case studies that represent the generation mixes for the California and Midcontinent Independent System Operators (CAISO and MISO). Since both technologies provide additional system flexibility they reduce operational costs and renewable curtailment for both generation mixes under study. Interestingly, the relative impacts are quite similar when both technologies are used together. Though both flexibility options can solve some of the same issues that arise with high penetration levels of renewables, they do not seem to significantly increase or decrease the economic potential of the other technology.

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KW - Wind power integration

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ER -

The combined value of wind and solar power forecasting improvements and electricity storage

Abstract

Funding

UN SDGs

Keywords

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