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• W4225909835 abstract "A study in optimal dispatch and economic analysis of a novel nuclear hybrid energy system (NHES) with large-scale hydrogen storage and a novel control scheme is conducted. The control scheme makes charge and discharge decisions by using the real-time electricity price relative to the historical price distribution. The pricing data is taken from the ERCOT Houston and West load zones with different price oscillations. Six case control studies with different levels of aggressiveness were chosen for each load zone for a total of 12 case studies. It is found that in a high price volatility load zone, a more aggressive control strategy maximizes revenue, while in a less oscillatory load zone, a moderate control strategy performs better. The NHES can store energy when the price is low and sell additional electricity when the price is high, as well as participate in the ancillary services market. Due to these advantages, the NHES can generate 10–40 million USD more revenue annually than a stand-alone nuclear plant. Due to higher costs, the NHES has a higher LCOE (81.36 USD/MWh) than a stand-alone plant (68.66 USD/MWh); however, the LCOE of the NHES is still comparable to other new forms of electricity generation. It is found that both the NHES and the stand-alone plant are not economical in the existing electricity market. Due to the extra revenue generated, the hybrid system has a positive annual cashflow whereas the stand-alone plant does not. It is found that the hybrid plant needs less cost subsidy than a stand-alone plant to become economical. • An optimal dispatch economic analysis in a real-world market of a novel NHES with large-scale storage is conducted. • The NHES makes 10–40 million USD more annually than a stand-alone plant. • In a more volatile market, a more aggressive control strategy maximizes revenue, while in a less volatile market, a more moderate control strategy performs better. • The NHES has a higher LCOE compared to a stand-alone nuclear plant, but is still comparable to other new forms of electricity generation. • The NHES requires less cost subsidy to become economical than a stand-alone plant." @default.
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• W4225909835 date "2022-07-01" @default.
• W4225909835 modified "2023-10-14" @default.
• W4225909835 title "A nuclear‑hydrogen hybrid energy system with large-scale storage: A study in optimal dispatch and economic performance in a real-world market" @default.
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• W4225909835 doi "https://doi.org/10.1016/j.est.2022.104510" @default.
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