We consider the valuation of energy storage facilities within the framework of stochastic control. Our two main examples are natural gas dome storage and hydroelectric pumped storage. Focusing on the timing flexibility aspect of the problem we construct an optimal switching model with inventory. Thus, the manager has a constrained compound American option on the inter-temporal spread of the com...

Egypt's national development plan aims at diversifying energy resources and expanding on renewable generation technologies. However, the Egyptian grid needs energy-storage components to stabilize its power supply when coupled with due intermittent random nature of them. The optimal expansion has been reached using a production costing software package electric analysis system (EGEAS). Although ...

Abstract Pumped thermal electricity storage is a thermo-mechanical energy technology that has emerged as promising option for large-scale (grid) because of its lack geographical restrictions and relatively low capital costs. This paper focuses on 10 MW Joule-Brayton pumped system with liquid stores performs detailed conventional advanced exergy analyses this system. Results the analysis recuper...