Renewables and Advanced Storage in Power Systems: The Iberian Case

Usaola García, Julio

Publication:
Renewables and Advanced Storage in Power Systems: The Iberian Case

dc.affiliation.dpto	UC3M. Departamento de Ingeniería Eléctrica	es
dc.affiliation.grupoinv	UC3M. Grupo de Investigación: Redes y Sistemas de Energía Eléctrica (REDES)	es
dc.contributor.author	Usaola García, Julio
dc.contributor.funder	Ministerio de Ciencia, Innovación y Universidades (España)	es
dc.date.accessioned	2022-06-20T10:53:03Z
dc.date.available	2022-06-20T10:53:03Z
dc.date.issued	2022-04-01
dc.description.abstract	Storage has many benefits for power systems with a high share of renewable energy. It reduces renewable curtailment, can participate in ancillary services and contributes to system adequacy. However, its business model is far from clear since most of its revenues come from arbitrage in energy markets, and this is usually not enough to recover the investment. Advanced storage can facilitate the profitability of storage and ease the integration of renewables in power systems by reducing costs and allowing an enhanced performance. The profitability requirements of future advanced storage systems (batteries) are assessed in this paper by means of an optimization method and an uncertainty analysis for an optimal Iberian (Spain and Portugal) power system that meets the targets of their National Energy and Climate Plans. Results show that needed storage capacity is only a small part of the demanded energy, but technical advances are required for optimal performance. High prospective storage cost leads to a wind-dominated renewable mix, while low storage cost favours photovoltaics. Arbitrage with storage may cover its investment costs under carbon prices close to the actual Social Cost of Carbon.	en
dc.description.sponsorship	This work was supported by the Spanish Ministerio de Ciencia, Innovación y Universidades under Project PID2019-104449RB-I00, Optimal and secure operation of the power system with a high share of renewable energy (SECOP).	en
dc.format.extent	17
dc.identifier.bibliographicCitation	Usaola, J. (2022). Renewables and Advanced Storage in Power Systems: The Iberian Case. In Applied Sciences, 12(7), 3373-3390	en
dc.identifier.doi	https://doi.org/10.3390/app12073373
dc.identifier.issn	2076-3417
dc.identifier.publicationfirstpage	3373
dc.identifier.publicationissue	7
dc.identifier.publicationlastpage	3390
dc.identifier.publicationtitle	Applied Sciences (Switzerland)	en
dc.identifier.publicationvolume	12
dc.identifier.uri	https://hdl.handle.net/10016/35187
dc.identifier.uxxi	AR/0000030899
dc.language.iso	eng	en
dc.publisher	MDPI AG	en
dc.relation.projectID	Gobierno de España. PID2019-104449RB-I00	es
dc.rights	© 2022 by the author. Licensee MDPI, Basel, Switzerland.	en
dc.rights	Atribución 3.0 España	*
dc.rights.accessRights	open access	en
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/es/	*
dc.subject.eciencia	Ingeniería Mecánica	es
dc.subject.other	Power system planning	en
dc.subject.other	Storage	en
dc.subject.other	Renewable targets	en
dc.title	Renewables and Advanced Storage in Power Systems: The Iberian Case	en
dc.type	research article	*
dc.type.hasVersion	VoR	*
dspace.entity.type	Publication