Will Pumped-Hydro Energy Storage Business Models Work for Peak Shaving Use?

Paper


Helwig, Andreas and Sahay, Akshay. 2018. "Will Pumped-Hydro Energy Storage Business Models Work for Peak Shaving Use?" 2018 Australasian Universities Power Engineering Conference (AUPEC 2018). Auckland, New Zealand 27 - 30 Nov 2018 Piscataway, United States. https://doi.org/10.1109/AUPEC.2018.8757879
Paper/Presentation Title

Will Pumped-Hydro Energy Storage Business Models Work for Peak Shaving Use?

Presentation TypePaper
AuthorsHelwig, Andreas (Author) and Sahay, Akshay (Author)
Journal or Proceedings Title2018 Australasian Universities Power Engineering Conference (AUPEC 2018)
ERA Conference ID50279
Number of Pages5
Year2018
Place of PublicationPiscataway, United States
ISBN9781538684740
Digital Object Identifier (DOI)https://doi.org/10.1109/AUPEC.2018.8757879
Web Address (URL) of Paperhttps://ieeexplore.ieee.org/document/8757879
Conference/Event2018 Australasian Universities Power Engineering Conference (AUPEC 2018)
Australasian Universities Power Engineering Conference
Event Details
2018 Australasian Universities Power Engineering Conference (AUPEC 2018)
Event Date
27 to end of 30 Nov 2018
Event Location
Auckland, New Zealand
Event Details
Australasian Universities Power Engineering Conference
AUPEC
Abstract

The desire for improved environmental sustainability continues to reduce reliance on fossil carbon based energy usage, while increasing installation of renewable energy sources in Australia and in the Pacific region. Pumped hydro energy storage systems (PHESS) are a technology that can be used to improve network stability where high penetration of renewable energy sources exist. However current participation in the Australian Electricity Market by PHESS does not match international participation in other electricity markets. This paper reviews international CAPEX costs and cos oft recharge energy for PHESS to better understand its potential use in the Australia national energy market. Deep sea PHESS as a conceptual emerging technology is also compared. PHESS and DSPHESS modelling in Australia and Fiji are developed to assess the final cost of energy from these sources in relation to peak shaving application. Part of each model is a sensitivity study of final cost of electricity produced from PHESS systems based on CAPEX costs and recharge energy costs.

KeywordsHydroelectric Power generation; Electricity Supply Industry; Energy Storage
ANZSRC Field of Research 2020400803. Electrical energy generation (incl. renewables, excl. photovoltaics)
Institution of OriginUniversity of Southern Queensland
Byline AffiliationsSchool of Engineering
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