2022 Annual Meeting
(87b) THESEUS: An Optimal Design and Downselection Framework for Energy Storage Technologies
Authors
To this end, we have developed a software prototype called THESEUS (TecHno-Economic framework for Systematic Energy Storage Utilization and DownSelection) which enables the user to systematically evaluate energy storage technologies for integration with various energy sources. THESEUS incorporates the detailed models of different types of storage technologies such as: (i) electrochemical energy storage in the form of lithium-ion, sodium sulfur and vanadium redox flow batteries, (ii) thermal energy storage in the form of molten salt, phase-change material and cryogenic energy storage, (iii) mechanical energy storage in the form of compressed air storage and pumped hydrostorage, and (iv) chemical energy storage in the form of hydrogen. In addition, THESEUS includes the models for solvent-based CO2 capture as an âindirectâ energy storage technology [5,6]. The detailed models of energy sources such as fossil power plants and renewable energy are also incorporated in THESEUS. A large-scale mixed integer nonlinear programming (MINLP) model which minimizes the integrated systemâs cost of meeting the net power demand connects the system-level models together in a decision framework. The output of THESEUS includes the optimal selection and design of the storage technologies, a comprehensive economic analysis, visualization of the system integration configuration, and the system operational schedules. We demonstrate THESEUS for natural gas combined cycle (NGCC) and supercritical pulverized coal (SCPC) power plants across California. Our results indicate that pumped hydrostorage has the lowest levelized cost of storage (LCOS) when long duration energy storage is required, while compressed air energy storage and lithium-ion batteries show promise for short-duration energy storage and high cycling requirements. Under a futuristic carbon pricing scenario, the integration of both CO2 capture and energy storage technologies is optimal to reduce the cycling of fossil plants by 24% as well as reduce the CO2 emissions by 90%, while incorporating variable renewable energy. Our analysis also indicate that rather than replacing all fossil power plants with renewable energy sources, it is more economical to integrate energy storage and CO2 capture systems with fossil plants to achieve a clean and flexible energy grid [7].
References
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