Advertisement

Energy Storage for Peak Power and Increased Revenue

  • Bahman Zohuri
Chapter
  • 688 Downloads

Abstract

Worldwide electricity markets are changing due to decreasing prices of fossil fuels and addition of renewable generators (wind and solar). Large-scale renewables deployment collapses prices at times of high wind or solar input that limits their deployment and impacts nuclear plant revenue. These changes have reduced the demand for baseload electricity but increased the demand for dispatchable electricity—a market currently served in the United States primarily by natural gas turbines. At the same time, there is a longer-term need for dispatchable low-carbon electricity production—a replacement for fossil fuel electricity production. The changes may be challenging the economics of nuclear power today but may create new opportunities for existing and new build nuclear energy systems in the future. Heat storage coupled to electrical power plant whether gas, fissile fuel, coal, or nuclear may enable baseload reactor operation with variable electricity to the grid—heat into storage when low electricity prices and production of added electricity using stored heat when prices are high.

References

  1. 1.
    Center for Advanced Nuclear Energy Systems, MIT-ANP-TR-170, Massachusetts Institute of Technology, Cambridge, MA, July 2017Google Scholar
  2. 2.
    F. Huntowisk, A. Patterson, M. Schnitzer, Negative Electricity Prices and the Production Tax Credit: Why Wind Producers Can Pay Us to Take Their Power—And Why that Is a Bad Thing, The Northbridge Group, 14 Sept 2012Google Scholar
  3. 3.
    L. Hirth, The market value of variable renewables, the effect of solar wind power variability on their relative prices. Energy Econ. 38, 218–236 (2013)CrossRefGoogle Scholar
  4. 4.
    L. Hirth, The optimal share of variable renewables: How the variability of wind and solar power affects their welfare-optimal development. Energy J. 36(1) (2015)Google Scholar
  5. 5.
    H. Poser et al., Development and Integration of Renewable Energy: Lessons Learned from Germany, Finadvice, FAA Financial Advisory AG, Adliswil, July 2014Google Scholar
  6. 6.
    California Council on Science and Technology, California Energy Futures – The View to 2050: Summary Report, Apr 2011Google Scholar
  7. 7.
    R. Konningstein, D. Fork, What it would really take to reverse climate change, IEEE Spectrum, 11 Nov 2014. http://spectrum.ieee.org/energy/renewables/what-it-would-really-take-to-reverse-climate-change
  8. 8.
    C. Forsberg, E. Schneider, Variable Electricity from Base-Load Nuclear Power Plants Using Stored Heat, Paper 15125, ICAPP 2015Google Scholar
  9. 9.
    C. Forsberg et al., Fluoride-Salt-Cooled High-Temperature Reactor (FHR) Commercial Basis and Commercialization Strategy. MIT-ANP-TR-153, Massachusetts Institute of Technology, Cambridge, MA, Dec 2014Google Scholar
  10. 10.
    C. Andreades et al., Technical Description of the “Mark 1” Pebble-Bed Fluoride-Salt-Cooled High-Temperature Reactor (PB-FHR) Power Plant, UCBTH-14-002, University of California at Berkeley, Sept 2014Google Scholar
  11. 11.
    A.E. Waltars, A.B. Reynolds, Fast Breeder Reactors (Pergamon Press, New York, 1981)Google Scholar
  12. 12.
    D.G. Wilson, T. Korakianitis, The Design of High-Efficiency Turbomachinery and Gas Turbines, 2nd edn. (Prentice Hall, Upper Saddle River, 1998)Google Scholar
  13. 13.
    P.P. Walsh, P. Fletcher, Gas Turbine Performance (Blackwell Science, ASME, Fairfield, 1998)Google Scholar
  14. 14.
    M.M. El-Wakil, Powerplant Technology (McGraw-Hill, New York, 1984)Google Scholar
  15. 15.
    W.M. Kays, A.L. London, Compact Heat Exchangers (McGraw Hill, New York, 1964)Google Scholar
  16. 16.
    U. Oka, S. Koshizuka, Design Concept of Once-Through Cycle Supercritical-Pressure Light Water Cooled Reactors, SCR-2000, Proceedings of the First International Symposium on Supercritical Reactors, Tokyo, 2000Google Scholar
  17. 17.
    V. Dostal, P. Hejzlar, M.J. Driscoll, The supercritical carbon dioxide power cycle: Comparison with other advanced cycles. Nucl. Technol. 154, 283–301 (2006)CrossRefGoogle Scholar
  18. 18.
    B. Zohuri, Combined Cycle Driven Efficiency for Next Generation Nuclear Power Plants: An Innovative Design Approach (Springer, Cham, 2015)CrossRefGoogle Scholar

Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  • Bahman Zohuri
    • 1
  1. 1.Galaxy Advanced Engineering Inc., Department of Electrical and Computer EngineeringUniversity of New MexicoAlbuquerqueUSA

Personalised recommendations