Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.11.003 |
Energy storage race: Has the monopoly of pumped-storage in Europe come to an end? | |
Gaudard, Ludovic1; Madani, Kaveh2,3 | |
2019-03-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 126页码:22-29 |
文章类型 | Article |
语种 | 英语 |
国家 | USA; England |
英文摘要 | The rise of renewable energies has brought a new challenge in terms of the management of their intermittency. Pumped-storage hydroelectricity has served as the large-scale solution to the intermittency problem. However, flawed European spot markets and innovation are jeopardizing the future of this technology. This paper: 1) estimates historic revenues of 96 energy storage installations on 17 European electricity spot markets, 2) assesses how arbitrage revenue has evolved, and 3) compares the present value of new energy technologies (compressed air, batteries) with pumped-storage in energy-only markets. Results show that market openings to competition had led to revenue drops and convergence: all markets generate low income. Based on the findings: 1) energy storage requires revenue from other markets than spot ones 2) compressed air energy storage is competitive with pumped-storage, and 3) markets value daily pumped-storage installations rather than seasonal, where this technology keeps a technical comparative advantage. It means the current best pumped-storage installation design could not be the long-term one. We also highlight that further research should investigate if interconnection, a natural monopoly, competes with energy storage, which is open to competition. |
英文关键词 | Storage energy Optimization Investment Pumped-storage European electricity markets |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000457952000003 |
WOS关键词 | CLIMATE-CHANGE IMPACTS ; POWER-SYSTEM ; WIND ; HYDROPOWER ; MANAGEMENT ; TECHNOLOGIES ; RENEWABLES ; BATTERY ; OPTIONS ; SWISS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/19288 |
专题 | 气候变化 |
作者单位 | 1.Stanford Univ, Precourt Energy Efficiency Ctr, Management Sci & Engn, Stanford, CA 94305 USA; 2.Imperial Coll London, Ctr Environm Policy, London, England; 3.Cornell Univ, Dept Civil & Environm Engn, Ithaca, NY 14853 USA |
推荐引用方式 GB/T 7714 | Gaudard, Ludovic,Madani, Kaveh. Energy storage race: Has the monopoly of pumped-storage in Europe come to an end?[J]. ENERGY POLICY,2019,126:22-29. |
APA | Gaudard, Ludovic,&Madani, Kaveh.(2019).Energy storage race: Has the monopoly of pumped-storage in Europe come to an end?.ENERGY POLICY,126,22-29. |
MLA | Gaudard, Ludovic,et al."Energy storage race: Has the monopoly of pumped-storage in Europe come to an end?".ENERGY POLICY 126(2019):22-29. |
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