TY - JOUR
T1 - The combined value of wind and solar power forecasting improvements and electricity storage
AU - Hodge, Bri Mathias
AU - Brancucci Martinez-Anido, Carlo
AU - Wang, Qin
AU - Chartan, Erol
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.
AB - 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.
KW - Electricity storage
KW - Power systems planning
KW - Solar power forecasting
KW - Solar power integration
KW - Wind power forecasting
KW - Wind power integration
UR - https://www.scopus.com/pages/publications/85041377023
U2 - 10.1016/j.apenergy.2017.12.120
DO - 10.1016/j.apenergy.2017.12.120
M3 - Article
AN - SCOPUS:85041377023
SN - 0306-2619
VL - 214
SP - 1
EP - 15
JO - Applied Energy
JF - Applied Energy
ER -
