Will Pumped-Hydro Energy Storage Business Models Work for Peak Shaving Use?

Helwig, Andreas and Sahay, Akshay ORCID: https://orcid.org/0000-0002-8626-2313 (2018) Will Pumped-Hydro Energy Storage Business Models Work for Peak Shaving Use? In: 2018 Australasian Universities Power Engineering Conference (AUPEC 2018), 27-30 Nov, 2018, Auckland, New Zealand.


Abstract

The desire for improved environmental sustainability continues to reduce reliance on fossil carbon based energy usage, while increasing installation of renewable energy sources in Australia and in the Pacific region. Pumped hydro energy storage systems (PHESS) are a technology that can be used to improve network stability where high penetration of renewable energy sources exist. However current participation in the Australian Electricity Market by PHESS does not match international participation in other electricity markets. This paper reviews international CAPEX costs and cos oft recharge energy for PHESS to better understand its potential use in the Australia national energy market. Deep sea PHESS as a conceptual emerging technology is also compared. PHESS and DSPHESS modelling in Australia and Fiji are developed to assess the final cost of energy from these sources in relation to peak shaving application. Part of each model is a sensitivity study of final cost of electricity produced from PHESS systems based on CAPEX costs and recharge energy costs.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Current - Faculty of Health, Engineering and Sciences - School of Mechanical and Electrical Engineering (1 Jul 2013 -)
Faculty/School / Institute/Centre: Current - Faculty of Health, Engineering and Sciences - School of Mechanical and Electrical Engineering (1 Jul 2013 -)
Date Deposited: 12 Aug 2020 05:16
Last Modified: 30 Sep 2020 22:31
Uncontrolled Keywords: Hydroelectric Power generation; Electricity Supply Industry; Energy Storage
Fields of Research (2008): 09 Engineering > 0906 Electrical and Electronic Engineering > 090608 Renewable Power and Energy Systems Engineering (excl. Solar Cells)
Socio-Economic Objectives (2008): B Economic Development > 85 Energy > 8505 Renewable Energy > 850503 Hydro-Electric Energy
B Economic Development > 85 Energy > 8506 Energy Storage, Distribution and Supply > 850602 Energy Storage (excl. Hydrogen)
Identification Number or DOI: https://doi.org/10.1109/AUPEC.2018.8757879
URI: http://eprints.usq.edu.au/id/eprint/37512

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