Synergistic Heat Pumped Thermal Storage and Flexibly Carbon Capture System
As the U.S. grid evolves toward a lower-carbon system, fossil generation assets need to operate in energy markets with high variable renewable energy (VRE) penetration while also decreasing carbon emissions. Current carbon capture and storage (CCS) technologies suffer from high capital cost and an inability to operate flexibly during periods of oscillating demand. The ARPA-E FLECCS Program Phase 1 was created to fund designing and optimizing innovative CCS processes that enable flexibility on a high-VRE grid. To address this need, the Colorado State University (CSU) Team won funding to design a synergized system of thermal energy storage, power generation, and flexible carbon capture to enable breakthrough system performance that achieves an LCOE <$75/MWh with >99% capture rate. This approach will target new or existing natural gas combined cycle power plants. The proposed design utilizes novel hot and cold thermal energy storage (TES) technologies that store low-cost, off-peak electricity as thermal energy to power CCS solvent regeneration and boost plant output during periods of peak demand. The design provides an overall optimized net present value (NPV) by maximizing low carbon power to grid while prices are highest using Storworks Power’s concrete TES technology. The team also capitalizes on decades of ION Clean Energy’s (ION) development in low cost and flexible pioneering solvent technology, which has proven reductions in energy consumption and overall cost of 28% and 38%, respectively, compared with state-of-the-art CCS.