Enabling a Flexible Grid with Increased Penetration of DER: Techno-economic Analysis of Metal Hydride Thermochemical Energy Storage Integrated with Stirling Engine for Grid Energy Storage Applications
This report summarizes the results of a techno-economic assessment of the capital and operational expenses for 3 scenarios utilizing a TES/Stirling engine system which is charged by an electric heater to provide grid power and energy storage. While there are several integration possibilities and material choices that could be utilized in such systems, three difference scenarios were chosen for this assessment to reflect an anticipated deployment of the technology where each might require different TES system configurations. Additionally, an enhanced version of the HTMH is considered to demonstrate the expected impact on costs with further technology development. The predicted capital and operational LCOS for the system configurations range from $0.0198/kWhr e - $0.0734/kWhr e which compare positively to the LCOS for lithium ion battery storage ranging from $0.087/kWhr e – $0.329/kWhr e . The key drivers for cost improvements to the system are material property enhancements in the HTMH primarily related to reducing the costs associated with the HTMH vessel and heat exchangers. This analysis demonstrates the potential benefits and flexibility of integrating a Stirling engine with a metal hydride-based TES system and suggests that the MH TES technology, at its current level of development, provides a highly competitive alternative to lithium ion batteries for large scale grid energy storage applications.