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Energy storage capacity vs. renewable penetration: A study for the UK

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  • Cárdenas, Bruno
  • Swinfen-Styles, Lawrie
  • Rouse, James
  • Hoskin, Adam
  • Xu, Weiqing
  • Garvey, S.D.

Abstract

This paper explores how the requirement for energy storage capacity will grow as the penetration of renewables increases. The UK’s electric grid is used as a case study. The paper aims to provide insight on what is the most economical solution to decarbonize the electric supply. A two-dimensional study varying the penetrations of wind and solar PV is carried out to identify the most appropriate generation mix for the country. The study is based on 9 years of demand and generation data with a 1hr resolution. It discusses the risk of underestimating the storage capacity needed, by failing to capture the inter-annual variability of renewables and analyzes the economic trade-off between over-generation (curtailment) and storage capacity. It also aims to determine the percentage of over-generation that minimizes the total cost of electricity. Results suggest that the UK could need a storage capacity of approximately 43 TWh to decarbonize its electricity supply. This figure considers a generation mix of 84% wind +16% solar PV, a roundtrip storage efficiency of 70%, and 15% of curtailment. Based on current costs of bulk energy storage technologies, this storage capacity translates into an investment of ∼£165.3 billion or approximately 7% of the country’s GDP.

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  • Cárdenas, Bruno & Swinfen-Styles, Lawrie & Rouse, James & Hoskin, Adam & Xu, Weiqing & Garvey, S.D., 2021. "Energy storage capacity vs. renewable penetration: A study for the UK," Renewable Energy, Elsevier, vol. 171(C), pages 849-867.
    • Handle: RePEc:eee:renene:v:171:y:2021:i:c:p:849-867
    DOI: 10.1016/j.renene.2021.02.149
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