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The role of concentrated solar power with thermal energy storage in least-cost highly reliable electricity systems fully powered by variable renewable energy

Kennedy, Kathleen M. and Ruggles, Tyler H. and Rinaldi, Katherine and Dowling, Jacqueline A. and Duan, Lei and Caldeira, Ken and Lewis, Nathan S. (2022) The role of concentrated solar power with thermal energy storage in least-cost highly reliable electricity systems fully powered by variable renewable energy. Advances in Applied Energy, 6 . Art. No. 100091. ISSN 2666-7924. doi:10.1016/j.adapen.2022.100091. https://resolver.caltech.edu/CaltechAUTHORS:20220304-60934000

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Abstract

Policies in the US increasingly stipulate the use of variable renewable energy sources, which must be able to meet electricity demand reliably and affordably despite variability. The value of grid services provided by additional marginal capacity and storage in existing grids is likely very different than their value in a 100% variable renewable electricity system under such policies. Consequently, the role of concentrated solar power (CSP) and thermal energy storage (TES) relative to photovoltaics (PV) and batteries has not been clearly evaluated or established for such highly reliable, 100% renewable systems. Electricity generation by CSP is currently more costly than by PV, but TES is much less costly than chemical battery storage. Herein, we analyze the role of CSP and TES compared to PV and batteries in an idealized least-cost solar/wind/storage electricity system using a macro-scale energy model with real-world historical demand and hourly weather data across the contiguous United States. We find that CSP does not compete directly with PV. Instead, TES competes with short-duration storage from batteries, with the coupled CSP+TES system providing reliability in the absence of other grid flexibility mechanisms. Without TES, little CSP generation is built in this system because CSP and PV have similar generation profiles, but PV is currently cheaper on a dollar-per-kWh basis than CSP. However, CSP with TES can provide grid flexibility in the modeled least-cost system under some circumstances due to the low cost of TES compared to batteries. Cost-sensitivity analysis shows that penetration of CSP with TES is primarily limited by high CSP generation costs. These results provide a framework for researchers and decision-makers to assess the role of CSP with TES in future electricity systems.


Item Type:Article
Related URLs:
URLURL TypeDescription
https://doi.org/10.1016/j.adapen.2022.100091DOIArticle
https://github.com/carnegie/MEM_public/tree/Kennedy_et_al_2022Related Itemmodel code, hourly input data, and data visualization code
https://doi.org/10.5281/zenodo.5541685DOIOutput data for all modeled systems
ORCID:
AuthorORCID
Kennedy, Kathleen M.0000-0002-7125-4871
Ruggles, Tyler H.0000-0002-6643-2047
Rinaldi, Katherine0000-0002-0746-2852
Dowling, Jacqueline A.0000-0001-5642-8960
Duan, Lei0000-0002-6540-1847
Caldeira, Ken0000-0002-4591-643X
Lewis, Nathan S.0000-0001-5245-0538
Additional Information:© 2022 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/) This work was supported by a gift from Gates Ventures LLC to the Carnegie Institution of Science and a fellowship from SoCalGas in support of Low Carbon Energy Science and Policy. CRediT authorship contribution statement: Kathleen M. Kennedy: Conceptualization, Formal analysis, Investigation, Writing – original draft, Visualization. Tyler H. Ruggles: Methodology, Writing – review & editing. Katherine Rinaldi: Writing – review & editing. Jacqueline A. Dowling: Writing – review & editing. Lei Duan: Methodology, Data curation, Writing – review & editing. Ken Caldeira: Conceptualization, Methodology, Writing – review & editing, Funding acquisition. Nathan S. Lewis: Conceptualization, Writing – review & editing, Funding acquisition. The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
Funders:
Funding AgencyGrant Number
Gates Ventures LLCUNSPECIFIED
SoCalGasUNSPECIFIED
Subject Keywords:Macro-energy modeling; Concentrated solar power; Thermal energy storage; Renewables; Energy systems
DOI:10.1016/j.adapen.2022.100091
Record Number:CaltechAUTHORS:20220304-60934000
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20220304-60934000
Official Citation:Kathleen M. Kennedy, Tyler H. Ruggles, Katherine Rinaldi, Jacqueline A. Dowling, Lei Duan, Ken Caldeira, Nathan S. Lewis, The role of concentrated solar power with thermal energy storage in least-cost highly reliable electricity systems fully powered by variable renewable energy, Advances in Applied Energy, Volume 6, 2022, 100091, ISSN 2666-7924, https://doi.org/10.1016/j.adapen.2022.100091.
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:113758
Collection:CaltechAUTHORS
Deposited By: George Porter
Deposited On:07 Mar 2022 19:46
Last Modified:28 Mar 2022 22:47

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