IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v149y2021ics1364032121006729.html
   My bibliography  Save this article

Liquid metal battery storage in an offshore wind turbine: Concept and economic analysis

Author

Listed:
  • Simpson, J.G.
  • Hanrahan, G.
  • Loth, E.
  • Koenig, G.M.
  • Sadoway, D.R.

Abstract

As wind energy increases its global share of the electrical grid, the intermittency of wind becomes more problematic. To address the resulting mismatch between wind generation and grid demand, long-duration (day-long) low-cost energy storage is offered as a potential solution. Lithium-ion (Li-ion) storage is an obvious, well-developed candidate, but it is currently too expensive for such long-duration applications. Liquid metal battery (LMB) storage offers large cost reductions and recent technology developments indicate it may be viable for MW-scale storage. Accordingly, we investigate co-locating and integrating LMB and Li-ion storage within the substructure of an offshore wind turbine. Integration allows the substructure to cost-effectively double as a storage container and allows for costly electrical farm-to-shore connections to be reduced to near the average power size (by reducing peak power). These benefits are compared to the costs for battery integration. Simulations show that line size can be reduced by 20% with 4 h of storage or by 40% with 12 h of storage, with negligible capacity factor losses. However, with 24 h of average power storage using LMB, no line size reduction provided the best overall net value of the turbine-storage system due to the ability to capture all available wind energy and profit from energy arbitrage and full capacity credit. In general, LMB integrated storage results in an increased relative value with current system costs. Projected technology trends indicate that these benefits will significantly improve and that integrated Li-ion storage will also become cost-effective.

Suggested Citation

  • Simpson, J.G. & Hanrahan, G. & Loth, E. & Koenig, G.M. & Sadoway, D.R., 2021. "Liquid metal battery storage in an offshore wind turbine: Concept and economic analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
  • Handle: RePEc:eee:rensus:v:149:y:2021:i:c:s1364032121006729
    DOI: 10.1016/j.rser.2021.111387
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032121006729
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.rser.2021.111387?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Huayi Yin & Brice Chung & Fei Chen & Takanari Ouchi & Ji Zhao & Nobuyuki Tanaka & Donald R. Sadoway, 2018. "Faradaically selective membrane for liquid metal displacement batteries," Nature Energy, Nature, vol. 3(2), pages 127-131, February.
    2. Denholm, Paul & Mai, Trieu, 2019. "Timescales of energy storage needed for reducing renewable energy curtailment," Renewable Energy, Elsevier, vol. 130(C), pages 388-399.
    3. Qin, Chao & Saunders, Gordon & Loth, Eric, 2017. "Offshore wind energy storage concept for cost-of-rated-power savings," Applied Energy, Elsevier, vol. 201(C), pages 148-157.
    4. Shanjun Li & Junji Xiao & Yimin Liu, 2015. "The Price Evolution in China's Automobile Market," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(4), pages 786-810, October.
    5. Simpson, Juliet & Loth, Eric & Dykes, Katherine, 2020. "Cost of Valued Energy for design of renewable energy systems," Renewable Energy, Elsevier, vol. 153(C), pages 290-300.
    6. Ueckerdt, Falko & Hirth, Lion & Luderer, Gunnar & Edenhofer, Ottmar, 2013. "System LCOE: What are the costs of variable renewables?," Energy, Elsevier, vol. 63(C), pages 61-75.
    7. Zhao, Haoran & Wu, Qiuwei & Hu, Shuju & Xu, Honghua & Rasmussen, Claus Nygaard, 2015. "Review of energy storage system for wind power integration support," Applied Energy, Elsevier, vol. 137(C), pages 545-553.
    8. Hemmati, Reza & Saboori, Hedayat, 2016. "Emergence of hybrid energy storage systems in renewable energy and transport applications – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 11-23.
    9. Ding, Yi & Shao, Changzheng & Yan, Jinyue & Song, Yonghua & Zhang, Chi & Guo, Chuangxin, 2018. "Economical flexibility options for integrating fluctuating wind energy in power systems: The case of China," Applied Energy, Elsevier, vol. 228(C), pages 426-436.
    10. Hirth, Lion, 2013. "The market value of variable renewables," Energy Economics, Elsevier, vol. 38(C), pages 218-236.
    11. Qin, Chao & Innes-Wimsatt, Elijah & Loth, Eric, 2016. "Hydraulic-electric hybrid wind turbines: Tower mass saving and energy storage capacity," Renewable Energy, Elsevier, vol. 99(C), pages 69-79.
    12. Mauricio B. C. Salles & Junling Huang & Michael J. Aziz & William W. Hogan, 2017. "Potential Arbitrage Revenue of Energy Storage Systems in PJM," Energies, MDPI, vol. 10(8), pages 1-19, July.
    13. Lingxi Kong & Chuan Li & Jiuchun Jiang & Michael G. Pecht, 2018. "Li-Ion Battery Fire Hazards and Safety Strategies," Energies, MDPI, vol. 11(9), pages 1-11, August.
    14. Notton, Gilles & Nivet, Marie-Laure & Voyant, Cyril & Paoli, Christophe & Darras, Christophe & Motte, Fabrice & Fouilloy, Alexis, 2018. "Intermittent and stochastic character of renewable energy sources: Consequences, cost of intermittence and benefit of forecasting," Renewable and Sustainable Energy Reviews, Elsevier, vol. 87(C), pages 96-105.
    15. Kangli Wang & Kai Jiang & Brice Chung & Takanari Ouchi & Paul J. Burke & Dane A. Boysen & David J. Bradwell & Hojong Kim & Ulrich Muecke & Donald R. Sadoway, 2014. "Lithium–antimony–lead liquid metal battery for grid-level energy storage," Nature, Nature, vol. 514(7522), pages 348-350, October.
    16. 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.
    17. Esteban, M. Dolores & Diez, J. Javier & López, Jose S. & Negro, Vicente, 2011. "Why offshore wind energy?," Renewable Energy, Elsevier, vol. 36(2), pages 444-450.
    18. Lion Hirth, 2013. "The Market Value of Variable Renewables. The Effect of Solar and Wind Power Variability on their Relative Price," RSCAS Working Papers 2013/36, European University Institute.
    19. Kyriakopoulos, Grigorios L. & Arabatzis, Garyfallos, 2016. "Electrical energy storage systems in electricity generation: Energy policies, innovative technologies, and regulatory regimes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 1044-1067.
    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. López, A.I. & Ramírez-Díaz, A. & Castilla-Rodríguez, I. & Gurriarán, J. & Mendez-Perez, J.A., 2023. "Wind farm energy surplus storage solution with second-life vehicle batteries in isolated grids," Energy Policy, Elsevier, vol. 173(C).
    2. Chen, Qi & Kuang, Zhonghong & Liu, Xiaohua & Zhang, Tao, 2022. "Energy storage to solve the diurnal, weekly, and seasonal mismatch and achieve zero-carbon electricity consumption in buildings," Applied Energy, Elsevier, vol. 312(C).
    3. Wang, Chunhui & Zhong, Weiqiong & Wang, Anjian & Sun, Xiaoqi & Li, Tianjiao & Wang, Xingxing, 2021. "Mapping the evolution of international antimony ores trade pattern based on complex network," Resources Policy, Elsevier, vol. 74(C).
    4. Wiegner, J.F. & Andreasson, L.M. & Kusters, J.E.H. & Nienhuis, R.M., 2024. "Interdisciplinary perspectives on offshore energy system integration in the North Sea: A systematic literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    5. Li, Ming & Luo, Haojie & Zhou, Shijie & Senthil Kumar, Gokula Manikandan & Guo, Xinman & Law, Tin Chung & Cao, Sunliang, 2022. "State-of-the-art review of the flexibility and feasibility of emerging offshore and coastal ocean energy technologies in East and Southeast Asia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    6. Jan F. Wiegner & Madeleine Gibescu & Matteo Gazzani, 2024. "Unleashing the full potential of the North Sea -- Identifying key energy infrastructure synergies for 2030 and 2040," Papers 2411.00540, arXiv.org.

    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. Qin, Chao (Chris) & Loth, Eric, 2021. "Isothermal compressed wind energy storage using abandoned oil/gas wells or coal mines," Applied Energy, Elsevier, vol. 292(C).
    2. Matsuo, Yuhji & Endo, Seiya & Nagatomi, Yu & Shibata, Yoshiaki & Komiyama, Ryoichi & Fujii, Yasumasa, 2020. "Investigating the economics of the power sector under high penetration of variable renewable energies," Applied Energy, Elsevier, vol. 267(C).
    3. Philipp Beiter & Aubryn Cooperman & Eric Lantz & Tyler Stehly & Matt Shields & Ryan Wiser & Thomas Telsnig & Lena Kitzing & Volker Berkhout & Yuka Kikuchi, 2021. "Wind power costs driven by innovation and experience with further reductions on the horizon," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 10(5), September.
    4. Roy, Sanjoy, 2020. "A technical perspective on variability costs: Dependence on power variability and cross-correlations," Energy, Elsevier, vol. 198(C).
    5. Chinmoy, Lakshmi & Iniyan, S. & Goic, Ranko, 2019. "Modeling wind power investments, policies and social benefits for deregulated electricity market – A review," Applied Energy, Elsevier, vol. 242(C), pages 364-377.
    6. Gómez-Calvet, Roberto & Martínez-Duart, José Manuel & Serrano-Calle, Silvia, 2019. "Current state and optimal development of the renewable electricity generation mix in Spain," Renewable Energy, Elsevier, vol. 135(C), pages 1108-1120.
    7. Klie, Leo & Madlener, Reinhard, 2022. "Optimal configuration and diversification of wind turbines: A hybrid approach to improve the penetration of wind power," Energy Economics, Elsevier, vol. 105(C).
    8. Merrick, James H. & Bistline, John E.T. & Blanford, Geoffrey J., 2024. "On representation of energy storage in electricity planning models," Energy Economics, Elsevier, vol. 136(C).
    9. Marshman, Daniel & Brear, Michael & Ring, Brendan, 2022. "Impact of unit commitment and RoCoF constraints on revenue sufficiency in decarbonising wholesale electricity markets," Energy Economics, Elsevier, vol. 106(C).
    10. Höltinger, Stefan & Salak, Boris & Schauppenlehner, Thomas & Scherhaufer, Patrick & Schmidt, Johannes, 2016. "Austria's wind energy potential – A participatory modeling approach to assess socio-political and market acceptance," Energy Policy, Elsevier, vol. 98(C), pages 49-61.
    11. Soria, Rafael & Portugal-Pereira, Joana & Szklo, Alexandre & Milani, Rodrigo & Schaeffer, Roberto, 2015. "Hybrid concentrated solar power (CSP)–biomass plants in a semiarid region: A strategy for CSP deployment in Brazil," Energy Policy, Elsevier, vol. 86(C), pages 57-72.
    12. Harrison-Atlas, Dylan & Murphy, Caitlin & Schleifer, Anna & Grue, Nicholas, 2022. "Temporal complementarity and value of wind-PV hybrid systems across the United States," Renewable Energy, Elsevier, vol. 201(P1), pages 111-123.
    13. Reichenberg, Lina & Hedenus, Fredrik & Odenberger, Mikael & Johnsson, Filip, 2018. "The marginal system LCOE of variable renewables – Evaluating high penetration levels of wind and solar in Europe," Energy, Elsevier, vol. 152(C), pages 914-924.
    14. Siavash Asiaban & Nezmin Kayedpour & Arash E. Samani & Dimitar Bozalakov & Jeroen D. M. De Kooning & Guillaume Crevecoeur & Lieven Vandevelde, 2021. "Wind and Solar Intermittency and the Associated Integration Challenges: A Comprehensive Review Including the Status in the Belgian Power System," Energies, MDPI, vol. 14(9), pages 1-41, May.
    15. Khanna, Tarun M., 2022. "Using agricultural demand for reducing costs of renewable energy integration in India," Energy, Elsevier, vol. 254(PC).
    16. Bennett, Jeffrey A. & Simpson, Juliet G. & Qin, Chao & Fittro, Roger & Koenig, Gary M. & Clarens, Andres F. & Loth, Eric, 2021. "Techno-economic analysis of offshore isothermal compressed air energy storage in saline aquifers co-located with wind power," Applied Energy, Elsevier, vol. 303(C).
    17. Zerrahn, Alexander, 2017. "Wind Power and Externalities," Ecological Economics, Elsevier, vol. 141(C), pages 245-260.
    18. Schill, Wolf-Peter, 2014. "Residual Load, Renewable Surplus Generation and Storage Requirements in Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 73, pages 65-79.
    19. Coe, Ryan G. & Ahn, Seongho & Neary, Vincent S. & Kobos, Peter H. & Bacelli, Giorgio, 2021. "Maybe less is more: Considering capacity factor, saturation, variability, and filtering effects of wave energy devices," Applied Energy, Elsevier, vol. 291(C).
    20. Wild, Phillip, 2017. "Determining commercially viable two-way and one-way ‘Contract-for-Difference’ strike prices and revenue receipts," Energy Policy, Elsevier, vol. 110(C), pages 191-201.

    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:eee:rensus:v:149:y:2021:i:c:s1364032121006729. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    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.