Posted in Compressed air energy storage system (CAES), Energy, energy storage

Economic Modeling of Compressed Air Energy Storage for Enhanced Grid Integration of Wind Power – RWTH AACHEN UNIVERSITY Institute for Future Energy Consumer Needs and Behavior – English

We conclude from our analysis that under the present conditions on the minute reserve market no CAES power plant is economically feasible. However, as soon as hourly contracts can be concluded on the minute reserve market, as it is possible on the spot market, CAES becomes attractive for smoothing fluctuations caused by wind energy feed-in. The economically most attractive option today is a centralized diabatic CAES power plant, followed by the centralized adiabatic alternative. However, even if integrated, centralized CAES is promoted by means of a feed-in tariff, centralized CAES power plants remain economically more attractive.

Source: Economic Modeling of Compressed Air Energy Storage for Enhanced Grid Integration of Wind Power – RWTH AACHEN UNIVERSITY Institute for Future Energy Consumer Needs and Behavior – English

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