Both renewable and nuclear energy can provide significant contributions to decarbonizing the electric sector. However, a grid employing large amounts of wind and solar energy requires the balance of the system to be highly flexible to respond to the increased variability of the net load. This...

Storage devices can provide several grid services, however it is challenging to quantify the value of providing several services and to optimally allocate storage resources to maximize value. We develop a co-optimized Compressed Air Energy Storage (CAES) dispatch model to characterize the value...