IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2016-01-18.html
   My bibliography  Save this article

Reconstructing Renewable Energy: Making Wind and Solar Power Dispatchable, Reliable and Efficient

Author

Listed:
  • Eric L. Prentis

    (College of Business & Public Management, Wenzhou-Kean University, Wenzhou, China.)

Abstract

This paper is important because it explains how to create a grid-scale energy storage system (ESS) that makes, for the first time, wind and solar renewable energy dispatchable, reliable and efficient. Existing and recent discoveries in battery technology are analyzed, with the most appropriate recommended for use in the new ESS. Additionally, an innovative time-shifting ESS design approach is presented that decouples electricity production from use, considerably improving total wind and solar power peak average capacity contribution values. This minimizes the need for expensive standby natural-gas combustion turbine peaker plants thereby decreasing costs by 75%. Furthermore, this advanced ESS improves performance by making the interconnection grid more reliable and better able to handle changing customer demands, relieves transmission congestion, and decreases unscheduled power outages and also provides ancillary services; thereby improving system-wide benefits by 30-to-40%, further reducing effective ESS costs, perhaps to zero.

Suggested Citation

  • Eric L. Prentis, 2016. "Reconstructing Renewable Energy: Making Wind and Solar Power Dispatchable, Reliable and Efficient," International Journal of Energy Economics and Policy, Econjournals, vol. 6(1), pages 128-133.
    • Handle: RePEc:eco:journ2:2016-01-18
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/1771/1197
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijeep/article/view/1771/1197
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Meng-Chang Lin & Ming Gong & Bingan Lu & Yingpeng Wu & Di-Yan Wang & Mingyun Guan & Michael Angell & Changxin Chen & Jiang Yang & Bing-Joe Hwang & Hongjie Dai, 2015. "An ultrafast rechargeable aluminium-ion battery," Nature, Nature, vol. 520(7547), pages 324-328, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Chao & Wei, Yi-Li & Cao, Peng-Fei & Lin, Meng-Chang, 2018. "Energy storage system: Current studies on batteries and power condition system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3091-3106.
    2. Svetlana Ratner & Yuri Chepurko & Larisa Drobyshecskaya & Anna Petrovskaya, 2018. "Management of Energy Enterprises: Energy-efficiency Approach in Solar Collectors Industry: The Case of Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 237-243.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhang, Chao & Wei, Yi-Li & Cao, Peng-Fei & Lin, Meng-Chang, 2018. "Energy storage system: Current studies on batteries and power condition system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3091-3106.
    2. Krishnan, Syam G. & Arulraj, Arunachalam & Khalid, Mohammad & Reddy, M.V. & Jose, Rajan, 2021. "Energy storage in metal cobaltite electrodes: Opportunities & challenges in magnesium cobalt oxide," Renewable and Sustainable Energy Reviews, Elsevier, vol. 141(C).
    3. Alanne, Kari & Cao, Sunliang, 2019. "An overview of the concept and technology of ubiquitous energy," Applied Energy, Elsevier, vol. 238(C), pages 284-302.
    4. Shixin Wang & Yuan Guo & Xianfeng Du & Lilong Xiong & Zhongshuai Liang & Mingbo Ma & Yuehong Xie & Wenzhi You & Yi Meng & Yifan Liu & Mingxia Liu, 2024. "Preferred crystal plane electrodeposition of aluminum anode with high lattice-matching for long-life aluminum batteries," Nature Communications, Nature, vol. 15(1), pages 1-11, December.
    5. Gutiérrez-Arnillas, Esther & Álvarez, María S. & Deive, Francisco J. & Rodríguez, Ana & Sanromán, M. Ángeles, 2016. "New horizons in the enzymatic production of biodiesel using neoteric solvents," Renewable Energy, Elsevier, vol. 98(C), pages 92-100.
    6. Bin-Hao Chen & Chen-Hsiang Hsieh & Li-Tao Teng & Chien-Chung Huang, 2023. "Experimental Study on Temperature Sensitivity of the State of Charge of Aluminum Battery Storage System," Energies, MDPI, vol. 16(11), pages 1-30, May.
    7. Shuo Jin & Jiefu Yin & Xiaosi Gao & Arpita Sharma & Pengyu Chen & Shifeng Hong & Qing Zhao & Jingxu Zheng & Yue Deng & Yong Lak Joo & Lynden A. Archer, 2022. "Production of fast-charge Zn-based aqueous batteries via interfacial adsorption of ion-oligomer complexes," Nature Communications, Nature, vol. 13(1), pages 1-11, December.
    8. Mao-Chia Huang & Cheng-Hsien Yang & Chien-Chih Chiang & Sheng-Cheng Chiu & Yun-Feng Chen & Cong-You Lin & Lu-Yu Wang & Yen-Liang Li & Chang-Chung Yang & Wen-Sheng Chang, 2018. "Influence of High Loading on the Performance of Natural Graphite-Based Al Secondary Batteries," Energies, MDPI, vol. 11(10), pages 1-12, October.
    9. Wei, Manhui & Wang, Keliang & Pei, Pucheng & Zuo, Yayu & Zhong, Liping & Shang, Nuo & Wang, Hengwei & Chen, Junfeng & Zhang, Pengfei & Chen, Zhuo, 2022. "An enhanced-performance Al-air battery optimizing the alkaline electrolyte with a strong Lewis acid ZnCl2," Applied Energy, Elsevier, vol. 324(C).
    10. Fangyan Cui & Jingzhen Li & Chen Lai & Changzhan Li & Chunhao Sun & Kai Du & Jinshu Wang & Hongyi Li & Aoming Huang & Shengjie Peng & Yuxiang Hu, 2024. "Superlattice cathodes endow cation and anion co-intercalation for high-energy-density aluminium batteries," Nature Communications, Nature, vol. 15(1), pages 1-10, December.
    11. Craig, Ben & Schoetz, Theresa & Cruden, Andrew & Ponce de Leon, Carlos, 2020. "Review of current progress in non-aqueous aluminium batteries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
    12. Saswati Sarmah & Lakhanlal & Biraj Kumar Kakati & Dhanapati Deka, 2023. "Recent advancement in rechargeable battery technologies," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 12(2), March.
    13. Mali, Vima & Saxena, Rajat & Kumar, Kundan & Kalam, Abul & Tripathi, Brijesh, 2021. "Review on battery thermal management systems for energy-efficient electric vehicles," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    14. Jiashen Meng & Xufeng Hong & Zhitong Xiao & Linhan Xu & Lujun Zhu & Yongfeng Jia & Fang Liu & Liqiang Mai & Quanquan Pang, 2024. "Rapid-charging aluminium-sulfur batteries operated at 85 °C with a quaternary molten salt electrolyte," Nature Communications, Nature, vol. 15(1), pages 1-10, December.
    15. Jiashen Meng & Xuhui Yao & Xufeng Hong & Lujun Zhu & Zhitong Xiao & Yongfeng Jia & Fang Liu & Huimin Song & Yunlong Zhao & Quanquan Pang, 2023. "A solution-to-solid conversion chemistry enables ultrafast-charging and long-lived molten salt aluminium batteries," Nature Communications, Nature, vol. 14(1), pages 1-9, December.
    16. Veerle Vandeginste & Junru Wang, 2024. "A Review of the Synthesis of Biopolymer Hydrogel Electrolytes for Improved Electrode–Electrolyte Interfaces in Zinc-Ion Batteries," Energies, MDPI, vol. 17(2), pages 1-34, January.
    17. Davood Sabaghi & Zhiyong Wang & Preeti Bhauriyal & Qiongqiong Lu & Ahiud Morag & Daria Mikhailovia & Payam Hashemi & Dongqi Li & Christof Neumann & Zhongquan Liao & Anna Maria Dominic & Ali Shaygan Ni, 2023. "Ultrathin positively charged electrode skin for durable anion-intercalation battery chemistries," Nature Communications, Nature, vol. 14(1), pages 1-11, December.
    18. Sunil Dutt & Ashwani Kumar & Shivendra Singh, 2023. "Synthesis of Metal Organic Frameworks (MOFs) and Their Derived Materials for Energy Storage Applications," Clean Technol., MDPI, vol. 5(1), pages 1-27, January.

    More about this item

    Keywords

    Renewable Energy; Efficiency; Dispatchable; Grid-Scale Energy Storage System;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2016-01-18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.