Interest in compressed air energy storage (CAES) technology has been renewed driven by the need to manage variability form rapidly growing wind and solar capacity. Distributed CAES (D-CAES) design aims to improve the efficiency of conventional CAES through locating the compressor near concentrated heating loads so capturing additional revenue through sales of compression waste heat. A pipeline ...

Accurate prediction of the future electricity consumption is crucial for production electricity management. Since the storage of electrical energy is very difficult, reliable and accurate prediction of power consumption is important. Different approaches for this purpose were used. In this paper, Grey model (1,1) based on grey system theory has been used for forecasting results. Annual electric...

Bulk energy storage is generally considered an important contributor for the transition toward a more flexible and sustainable electricity system. Although economically valuable, storage is not fundamentally a "green" technology, leading to reductions in emissions. We model the economic and emissions effects of bulk energy storage providing an energy arbitrage service. We calculate the profits ...

Although technological progress can alter the relative costs of different energy sources, fossil fuels inevitably will be displaced as depletion raises their costs and makes them uncompetitive. They may be displaced sooner if they are taxed to internalize negative externalities. Currently, wind generation or nuclear power, supplemented by bulk electricity storage, are the most feasible alternat...

The electric system needs to balance supply and demand on a moment to moment basis. Energy commodities such as coal, oil and natural gas can be readily stored in massive quantities. However, the storage of electricity has been relatively complex and expensive. Today, with the changing ways in which electricity is generated and used, increased penetration of renewable energy sources and smart gr...

Wind power is a growing sector of the United States electricity generation system. The integration of wind energy into the electrical grid presents capacity-related challenges to policy makers. The introduction of large-scale storage capabilities for wind power could lead to cost and reliability benefits if the interface locations are chosen wisely. The location of storage capability in the ele...

Electricity demand varies daily, weekly, and seasonally. The cost and price of electricity to meet the peak demands can be an order of magnitude greater or more than the cost and price of electricity at times of minimum demand. Nuclear systems are capital intensive, with low operating costs relative to those for most other methods used to produce electricity; thus, nuclear energy is most compet...

We propose a multi-objective optimization algorithm for optimal energy storage by residential customers using Li-Ion batteries. Our goal is to quantify the benefits of optimal energy storage to solar customers whose electricity bills consist of both Time of Use charges ($/kWh, with different rates for on-peak and off-peak hours) and demand charges ($/kW, proportional to the peak rate of consump...

Main challenges within the energy system of tomorrow are more volatile, less controllable and at the same time more decentralized electricity generation. Furthermore, the increasing research and development activities on electric vehicles (EV) make a significant share of electric vehicles within the passenger car fleet in 2030 more and more likely. This will lead to a further increase of power ...