Showing 1 - 10 of 79
What happens to the merit order of electricity markets when all electricity is supplied by intermittent renewable energy sources coupled with large-scale electricity storage? With near-zero marginal cost of production, will there still be a role for an energy-only electricity market? We answer...
Persistent link: https://www.econbiz.de/10014470213
Persistent link: https://www.econbiz.de/10014495336
Although electricity supply is still dominated by fossil fuels, it is expected that renewable sources will have a much larger contribution in the future due to the need to mitigate climate change. Therefore, this paper presents a new framework for developing Future Electricity Scenarios...
Persistent link: https://www.econbiz.de/10012040050
In the context of 100% renewable electricity systems, prolonged periods with persistently scarce supply from wind and solar resources have received increasing academic and political attention. This article explores how such scarcity periods relate to energy storage requirements. To this end, we...
Persistent link: https://www.econbiz.de/10012599618
Green hydrogen can help to decarbonize parts of the transportation sector, but its power sector interactions are not well understood so far. It may contribute to integrating variable renewable energy sources if production is sufficiently flexible in time. Using an open-source co-optimization...
Persistent link: https://www.econbiz.de/10012604131
Desalination has become imperative as a drinking water source for many parts of the world. Due to the large quantities of thermal energy and high quality electricity requirements for water purification, the desalination industry depends on waste heat resources and renewable energy sources such...
Persistent link: https://www.econbiz.de/10011116146
One of the main advantages of solar photovoltaic (PV) energy is its availability during periods of high electricity demand, namely hot, sunny days. Unfortunately, the daily energy peak of a south-facing solar panel, oriented to maximize energy production, rarely coincides with the actual peak in...
Persistent link: https://www.econbiz.de/10011189988
I consider an economy with fossil fuel and renewable energy and energy storage, and search for the conditions that lead to welfare improvements when energy is stored. I then solve for the optimal decision rule and analyze the long-run tendencies of the economy-energy variables. The findings are...
Persistent link: https://www.econbiz.de/10010818865
Can energy storage (ES) increase the share of renewable energy (RE) in total generation in Latin America and the Caribbean (LAC)? The rationale for using ES in combination with RE in the LAC region is that it can enable a larger scale deployment of cost-saving intermittent RE, with which the...
Persistent link: https://www.econbiz.de/10010739669
We present the results of an analysis of the performance of a photovoltaic array that complement the power output of a wind turbine generator in a stand-alone renewable energy system based on hydrogen production for long-term energy storage. The procedure for estimating hourly solar radiation,...
Persistent link: https://www.econbiz.de/10010803916