Power grid resource adequacy can be difficult to ensure with high penetrations of intermittent renewable energy. We explore enhancing resource adequacy by overbuilding renewables while modeling statistical correlations in renewable power at different sites. Overbuilding allows production during times of low power, and exploiting statistical correlations can reduce power variability and, subsequently, reduce needed renewable capacity. In this work, we present a stochastic optimization problem to size renewables and expand transmission while minimizing the expected dispatch cost. Our method uses statistical profiles of renewable production and embeds network constraints using the DC power flow equations. We assess our method’s effects on feasibility, load shedding, locational marginal prices, and generator curtailment. On the IEEE 9-bus system, we found that anti-correlation between generators reduced generation capacity needs with sufficient transmission. On the IEEE 30-bus system, we found that the optimal solution required significant overbuilding and curtailment of renewables regardless of the marginal cost of schedulable generation.
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The role of energy storage in deep decarbonization of electricity production
Deep decarbonization of electricity production is a societal challenge that can be achieved with high penetrations of variable renewable energy. We investigate the potential of energy storage technologies to reduce renewable curtailment and CO2emissions in California and Texas under varying emissions taxes. We show that without energy storage, adding 60 GW of renewables to California achieves 72% CO2reductions (relative to a zero-renewables case) with close to one third of renewables being curtailed. Some energy storage technologies, on the other hand, allow 90% CO2reductions from the same renewable penetrations with as little as 9% renewable curtailment. In Texas, the same renewable-deployment level leads to 54% emissions reductions with close to 3% renewable curtailment. Energy storage can allow 57% emissions reductions with as little as 0.3% renewable curtailment. We also find that generator flexibility can reduce curtailment and the amount of energy storage that is needed for renewable integration.
more » « less- PAR ID:
- 10153938
- Publisher / Repository:
- Nature Publishing Group
- Date Published:
- Journal Name:
- Nature Communications
- Volume:
- 10
- Issue:
- 1
- ISSN:
- 2041-1723
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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