MIT Libraries logoDSpace@MIT

MIT
View Item 
  • DSpace@MIT Home
  • MIT Energy Initiative (MITEI)
  • Working Papers
  • View Item
  • DSpace@MIT Home
  • MIT Energy Initiative (MITEI)
  • Working Papers
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Energy Storage Investment and Operation in Efficient Electric Power Systems

Author(s)
Junge, Cristian; Mallapragada, Dharik; Richard, Schmalensee
Thumbnail
DownloadWorking Paper Energy Storage - Junge-Mallapragada-Schmalensee (3.614Mb)
Metadata
Show full item record
Abstract
We consider welfare-optimal investment in and operation of electric power systems with constant returns to scale in multiple available generation and storage technologies under perfect foresight. We extend a number of classic results on generation, derive conditions for investment and operations of storage technologies described by seven cost/performance parameters, and develop insights on power systems with multiple storage technologies. Simulation of a deeply decarbonized “Texas-like” power system with two available storage technologies shows both the non-existence of simple “merit-order” rules for storage operation and the value of frequency domain analysis to describe efficient operation. Our analysis points to the critical role of the capital cost of energy storage capacity in influencing efficient storage operation.
Date issued
2021-01-05
URI
https://hdl.handle.net/1721.1/130560
Department
MIT Energy Initiative
Publisher
MIT Center for Energy and Environmental Policy Research
Keywords
energy, energy storage, electric power systems

Collections
  • Working Papers

Browse

All of DSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

My Account

Login

Statistics

OA StatisticsStatistics by CountryStatistics by Department
MIT Libraries
PrivacyPermissionsAccessibilityContact us
MIT
Content created by the MIT Libraries, CC BY-NC unless otherwise noted. Notify us about copyright concerns.