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- W3081397028 abstract "We use 36 years (1980-2015) of hourly weather data over the contiguous United States (CONUS) to assess the impact of low-cost energy storage on highly reliable electricity systems that use only variable renewable energy (VRE; wind and solar photovoltaics). Even assuming perfect transmission of wind and solar generation aggregated over CONUS, energy storage costs would need to decrease several hundred-fold from current costs (to ∼$1/kWh) in fully VRE electricity systems to yield highly reliable electricity without extensive curtailment of VRE generation. The role of energy storage changes from high-cost storage competing with curtailment to fill short-term gaps between VRE generation and hourly demand to near-free storage serving as seasonal storage for VRE resources. Energy storage faces double penalties in VRE/storage systems: with increasing capacity, (1) the additional storage is used less frequently and (2) hourly electricity costs would become less volatile, thus reducing price arbitrage opportunities for the additional storage." @default.
- W3081397028 created "2020-09-01" @default.
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- W3081397028 date "2020-09-01" @default.
- W3081397028 modified "2023-10-18" @default.
- W3081397028 title "Effects of Deep Reductions in Energy Storage Costs on Highly Reliable Wind and Solar Electricity Systems" @default.
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- W3081397028 doi "https://doi.org/10.1016/j.isci.2020.101484" @default.
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