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Results for “levelized cost of storage”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

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All sourcesNASA NTRSDOE OSTI
DOE OSTI2023

Techno-Economic Analysis and Optimization of a Compressed-Air Energy Storage System Integrated with a Natural Gas Combined-Cycle Plant

To address the rising electricity demand and greenhouse gas concentration in the environment, considerable effort is being carried out across the globe on installing and operating renewable energy sources. However, the renewable energy production is affected by diurnal and seasonal variability. To ensure that the electric grid remains reliable and resilient even for the high penetration of renewables into the grid, various types of energy storage systems are being investigated. In this paper, a compressed-air energy storage (CAES) system integrated with a natural gas combined-cycle (NGCC) power plant is investigated where air is extracted from the gas turbine compressor or injected back into the gas turbine combustor when it is optimal to do so. First-principles dynamic models of the NGCC plant and CAES are developed along with the development of an economic model. The dynamic optimization of the integrated system is undertaken in the Python/Pyomo platform for maximizing the net present value (NPV). NPV optimization is undertaken for 14 regions/cases considering year-long locational marginal price (LMP) data with a 1 h interval. Design variables such as the storage capacity and storage pressure, as well as the operating variables such as the power plant load, air injection rate, and air extraction rate, are optimized. Results show that the integrated CAES system has a higher NPV than the NGCC-only system for all 14 regions, thus indicating the potential deployment of the integrated system under the assumption of the availability of caverns in close proximity to the NGCC plant. The levelized cost of storage is found to be in the range of 136–145 $/MWh. Roundtrip efficiency is found to be between 74.6–82.5%. A sensitivity study with respect to LMP shows that the LMP profile has a significant impact on the extent of air injection/extraction while capital expenditure reduction has a negligible effect.

25 ENERGY STORAGE↗
DOE OSTI2022

Capacity Assessment and Cost Analysis of Geologic Storage of Hydrogen: A Case Study in Intermountain-West Region USA

Hydrogen is an integral component of the current energy transition roadmap to decarbonize the economy and create an environmentally-sustainable future. However, surface storage options (e.g., tanks) do not provide the required capacity or durability to deploy a regional or nationwide hydrogen economy. In this study, we have analyzed the techno-economic feasibility of the geologic storage of hydrogen in depleted gas reservoirs, salt caverns, and saline aquifers in the Intermountain-West (I-WEST) region. We have identified the most favorable candidate sites for hydrogen storage and estimated the volumetric storage capacity. Our results show that the geologic storage of hydrogen can provide at least 72% of total energy consumption of the I-WEST region in 2020. We also calculated the capital and levelized costs of each storage option. We found that a depleted gas reservoir is the most cost-effective candidate among the three geologic storage options. Interestingly, the cushion gas type plays a significant role in the storage cost when we consider hydrogen storage in saline aquifers. The levelized costs of hydrogen storage in depleted gas reservoirs, salt caverns, and saline aquifers with large-scale storage capacity are approximately $\$$1.15, $\$$2.50, and $\$$3.27 per kg of H 2 , respectively. Here, this work provides essential guidance for the geologic hydrogen storage in the I-WEST region.

08 HYDROGEN↗
DOE OSTI2022

Recent Improvements in PV+Battery Modeling in NREL's System Advisor Model

This poster covers recent updates to the NREL System Advisor Model's battery model that can be coupled to the PV model to add value to both front of meter and behind the meter systems. Topics include new dispatch algorithms focusing on smoothing the output of a PV plant to meet ramp rate requirements and responding to price signals to maximize system revenue, validated battery lifetime models, grid outage simulations and resiliency metrics, and the new levelized cost of storage (LCOS) metric. We will also share preliminary results from NREL analysis projects using these features.

battery↗
DOE OSTI2020

Using Concentrating Solar Power to Create a Geological Thermal Energy Reservoir for Seasonal Storage and Flexible Power Plant Operation

Abstract We propose a hybrid renewable energy system—a geothermal energy storage system (GeoTES) with solar—to provide low-cost dispatchable power at various timescales from daily, to weekly, to seasonally. GeoTES with solar uses a concentrating solar power collector field to produce hot water that is injected into a sedimentary basin to create a synthetic geothermal resource. The stored geothermal heat can then be dispatched when required by the electrical grid. GeoTES is particularly valuable for a grid with a high penetration of non-flexible renewable technologies such as photovoltaic and wind power. In this work, a sophisticated hybrid model is developed to assess the technical and economic potential of GeoTES by combining IPSEpro, which is a power-cycle simulation tool, and SAM, an economic analysis tool by National Renewable Energy Laboratory (NREL). The analysis shows with proper initial charging period that the heat loss in storage is almost negligible and is a suitable technology for long-term energy storage. Various power-cycle options are evaluated, and the most suitable power cycle is selected for further study. Annual calculations of the GeoTES system indicate that a levelized cost of storage (LCOS) of 12.4 ¢/kWh e can be achieved for seasonal storage of 4000 h; this value is much lower than the existing long-term storage. The LCOS of GeoTES is insensitive to the storage duration above 8 h, unlike battery and molten-salt thermal storage systems. This result demonstrates that GeoTES can be a competitive seasonal storage technology in the future electricity market. The levelized cost of electricity of the GeoTES system is also carefully analyzed and can vary between 10.0 and 16.4 ¢/kWh e , depending on solar-collector prices.

25 ENERGY STORAGE↗
DOE OSTI2023

Thermo-Hydrological Modeling of Thermal Energy Storage in a Depleted Oil Reservoir

Thermal energy storage in oil and gas reservoirs leverages the existing surface and subsurface infrastructure, which can pave the way for economic production of geothermal energy. Existing studies on geothermal energy storage are focused mostly on the use of aquifers with more homogeneous rock and fluid properties. Coupling of heat and fluid flow in a multiphase-multicomponent system, such as an oil reservoir, is imperative especially if existing oil field assets need to be repurposed as required for a sustainable energy transition. The objective is to model the subsurface thermo-hydrological processes associated with reservoir performance and operational sustainability. The model evaluates formation pressure and temperature within the reservoir and at the injection/production wells during multiple charge and discharge cycles. Hot water (approximately 200 degrees C) heated by Concentrating Solar Power (CSP) at high pressure is injected into the existing oil reservoir for storage and produced as thermal energy for power generation, which will be accompanied by enhanced oil recovery. To demonstrate the coupled fluid and heat flow during the injection/production cycle in the subsurface reservoir, TOUGH3 (developed by Berkeley Lab) is used to simulate the thermo-hydrological (TH) processes in a multiphase, multicomponent system. Two well geometries are considered within the reservoir grid: 1) a single-well huff-n-puff system (same well is used for injection and production), and 2) an isolated injection-production well doublet. Seasonal charge and discharge cycling are implemented based on the scheduling specified in the model input file. The model reports pressure, temperature, enthalpy, liquid fluxes, heat fluxes, pore velocities, and changes in porosity & permeability due to temperature and pressure variations during the cyclic Reservoir Thermal Energy Storage (RTES) operations. The results from the simulations can be used to optimize the operational parameters (such as well spacing and injection/production rates) and round-trip efficiency for surface power-plants coupled with thermal energy storage over time. They can also serve as important inputs for levelized cost of storage estimations. The research will help to design and integrate surface renewable energy sources, such as concentrating solar power (CSP), with RTES to help balance out power supply and demand on the grid.

CSP↗
DOE OSTI2024

Evaluation of phase change thermal storage in a cascade heat pump

Here this study proposes a low-global warming potential cascade heat pump system with integrated phase change material (PCM) for combined space heating and cooling. PCM is embedded in the intermediate heat exchanger that couples an outdoor R290 refrigerant circuit and an indoor CO 2 circuit. We used a clustering method to develop seasonally representative load and ambient temperature profiles for residential buildings in Minneapolis, Minnesota. We simulated the system peak shaving performance on the selected representative days, assuming three different PCM options including ice (0 °C), tetradecane (5.6 °C), and a commercially available PCM, SP9 (10.5 °C). The baseline was the same cascade system without thermal storage. We investigated the effect of both thermal energy storage capacity (kWh th ) and PCM transition temperature on system performance. The results show that higher thermal energy storage capacity shaves more electric energy until it reaches a maximum value set by the load characteristics of the building. SP9, with the highest transition temperature, shaves the most electric energy, while ice shaves the least. Moreover, ice has the highest charging cost, especially in the cooling season when the outdoor circuit has to operate at an evaporating temperature lower than 0 °C to make ice. Our results show that SP9 presents the lowest levelized cost of storage, closely followed by ice. A lower off-peak electricity rate benefits ice more than SP9 or tetradecane because ice has the largest charging cost penalty.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2021

Comparative and Cost Analysis of a Novel Predictive Power Ramp Rate Control Method: A Case Study in a PV Power Plant in Puerto Rico

One of the most important aspects that need to be addressed to increase solar energy penetration is the power ramp-rate control. In weak grids such as the one found in Puerto Rico, it is important to smooth power fluctuations caused by the intermittence of passing clouds. In this work, a novel power ramp-rate control strategy is proposed. Additionally, a comparison with some of the most common power ramp-rate control methods is performed using a proposed model and real solar radiation data from the Coto Laurel photovoltaic power plant located in Ponce, Puerto Rico. The proposed model was validated using one-year real data from Coto Laurel. The power ramp-rate control methods were compared in real-time simulations using the OP5700 from Opal-RT Technologies considering power ramp rate fluctuations, power ramp-rate violations, fluctuations in the state-of-charge, among other indicators. Moreover, the proposed power ramp-rate control strategy, called predictive dynamic smoothing was explained and compared. Results indicate that the predictive dynamic smoothing produced a considerably reduced Levelized Cost of Storage compared to other power ramp-rate control methods and provided a higher lifetime expectancy for lithium batteries.

36 MATERIALS SCIENCE↗
DOE OSTI2026

A Demonstration System for Geological Thermal Energy Storage of Concentrating Solar Thermal

Energy storage is increasingly necessary as variable energy technologies are deployed. Seasonal energy storage can shift energy generation from the summer to the winter, but these technologies must have extremely large energy capacities and low costs. Geological Thermal Energy Storage (GeoTES) is proposed as a solution for long-term energy storage [1]. Excess thermal energy can be stored in permeable reservoirs such as aquifers and depleted hydrocarbon reservoirs for several months. The energy capacity cost of GeoTES is very low which makes it suitable for both daily- and seasonal storage of Concentrating Solar Thermal (CST) energy, thus enabling CST to provide value to electricity markets and thermal energy off-takers. A CST-GeoTES demonstration system has been funded by the U.S. Department of Energy, Solar Energy Technology Office. In this article, we will describe this demonstration system and progress that has been made in its development. The demonstration system will comprise a 2 MWth parabolic trough with an 8m aperture developed by Gossamer Space Frames, seven wells, and a 100 kWe power cycle. The demonstration system will be deployed in Kern County, California by Premier Resource Management. A techno-economic model for CST-GeoTES systems has also been developed [3] and is applied to the demonstration system and its planned future expansion. The model integrates the output of specialist models of each subsystem, which enables the performance and cost of both the subsurface and surface systems to be captured. Off-design models enable the performance to be evaluated at each hour of the year, before being aggregated to evaluate the economic potential of CST-GeoTES. Initial analysis indicates that CST-GeoTES can provide long duration energy storage capabilities with low marginal costs of energy capacity - leading to a low value of Levelized Cost of Storage (LCOS) compared to alternative technologies, see Figure 2. In this article, we investigate the cost and performance of the specific demonstration site being developed by PRM and explore a range of operational profiles that can deliver different value streams, such as daily and seasonal storage, capacity, and resiliancy.

14 SOLAR ENERGY↗
DOE OSTI2023

Particle Size Optimization of Thermochemical Salt Hydrates for High Energy Density Thermal Storage

Thermal energy storage (TES) solutions offer opportunities to reduce energy consumption, greenhouse gas emissions, and cost. Specifically, they can help reduce the peak load and address the intermittency of renewable energy sources by time shifting the load, which are critical toward zero energy buildings. Thermochemical materials (TCMs) as a class of TES undergo a solid–gas reversible chemical reaction with water vapor to store and release energy with high storage capacities (600 kWh m −3 ) and negligible self‐discharge that makes them uniquely suited as compact, stand‐alone units for daily or seasonal storage. However, TCMs suffer from instabilities at the material (salt particles) and reactor level (packed beds of salt), resulting in poor multi‐cycle efficiency and high‐levelized cost of storage. In this study, a model is developed to predict the pulverization limit or R crit of various salt hydrates during thermal cycling. This is critical as it provides design rules to make mechanically stable TCM composites as well as enables the use of more energy‐efficient manufacturing process (solid‐state mixing) to make the composites. The model is experimentally validated on multiple TCM salt hydrates with different water content, and effect of R crit on hydration and dehydration kinetics is also investigated.

25 ENERGY STORAGE↗
DOE OSTI2022

Cryogenic energy storage: Standalone design, rigorous optimization and techno-economic analysis

Energy storage allows flexible use and management of excess electricity and intermittently available renewable energy. Cryogenic energy storage (CES) is a promising storage alternative with a high technology readiness level and maturity, but the round-trip efficiency is often moderate and the Levelized Cost of Storage (LCOS) remains high. The complex flowsheets with intricate thermodynamics at cryogenic temperatures as well as the presence of multiple loops and refrigeration cycles pose considerable challenges for rigorous model-based design and optimization of CES systems. We present an optimization strategy that couples rigorous process simulation and Bayesian optimization with flowsheet decomposition and identification of hidden coupling constraints to optimally design standalone CES systems. Further refinement is done via a local search using the limited-memory Broyden–Fletcher–Goldfarb–Shanno algorithm. Here our results indicate that it is possible to achieve more than 52% round-trip efficiency and an LCOS of $153/MWh for a standalone 100 MW/400 MWh CES system limited to short-term storage with daily charging–discharging. However, a detailed techno-economic assessment reveals that the LCOS considering total capital investment may exceed $267/MWh when all direct and indirect costs of installation and operation are considered.

25 ENERGY STORAGE↗
DOE OSTI2024

An Ultra-Stable Reference Electrode as In-Situ System Diagnostics Tool for Redox Flow Batteries - CRADA 634 (Abstract)

The objective of the proposed project is to develop and demonstrate an ultra-stable reference electrode (RE) technology as an in-situ system diagnostics tool integrated in kW scaled commercial vanadium redox flow battery (VRFB) stacks for long-duration energy storage (LDES) applications and to advance its commercialization, with expected cell reliability enhancement in stack life increase of 6-10 % and levelized cost of storage (LCOS) reduction of 5-8 %. In this project, PNNL will partner with Stryten Energy LLC, with a total budget of $250K and 50% cost share for one year.

25 ENERGY STORAGE↗
DOE OSTI2024

Achieving gigawatt-scale green hydrogen production and seasonal storage at industrial locations across the U.S

Onsite production of gigawatt-scale wind- and solar-sourced hydrogen (H 2 ) at industrial locations depends on the ability to store and deliver otherwise-curtailed H 2 during times of power shortages. Thousands of tonnes of H 2 will require storage in regions where subsurface storage is scarce, which may only be possible using liquid organic H 2 carriers. We evaluate aboveground system with a focus on providing technical insights into toluene/methylcyclohexane (TOL/MCH) storage systems in locations suitable for gigawatt-scale wind- and solar-powered electrolyzer systems in the United States. Here we show that the levelized cost of storage, at a national median of US dollar $1.84/kg-H 2 is spatially heterogeneous, causing minor impact on the cost of H 2 supply in the Midwest, and significant impact in Central California and the Southeast. While TOL/MCH may be the cheapest aboveground bulk storage solution evaluated, upfront capital costs, modest energy efficiency, reliance on critical materials and pre-sulfided catalysts, and greenhouse gas emissions from heating are opportunities for further development.

14 SOLAR ENERGY↗
DOE OSTI2025

Advancing Pumped Thermal Energy Storage Performance and Cost Using Silica Storage Media

Pumped Thermal Energy Storage (PTES) is an electricity storage system that is suitable for long-duration energy storage (10-1000 h) due to its low marginal cost of energy capacity. We present a techno-economic model of a PTES system that uses particle thermal energy storage. Particles have low costs and can be operated over a wide temperature range leading to increased efficiency and reduced costs compared to other PTES designs. We show how the round-trip efficiency, specific power output, capital cost, and levelized cost of storage (LCOS) depend on parameters such as the pressure ratio, heat exchanger approach temperature and pressure loss, and maximum temperature. We compare particle-PTES (P-PTES) performance to PTES which uses liquid thermal energy storage - i.e. molten salt hot storage and methanol cold storage (MS-PTES). We find that using silica particles for storage advances PTES technology: P-PTES can be operated at higher maximum temperatures than MS-PTES. Furthermore, P-PTES can achieve lower approach temperatures in the heat exchangers than MS-PTES without increasing capital costs, because P-PTES uses direct-contact heat transfer in fluidized bed heat exchangers. As a result, we find that P-PTES systems achieve higher round-trip efficiency than MS-PTES (66 % versus 57 %) and lower LCOS (e.g. 0.115 +- 0.03 $/kWhe versus 0.171 +- 0.04 $/kWhe for 10 h discharge). The low cost of particles and containment means that P-PTES can provide long-duration energy storage at low capital cost per unit energy capacity. For example, the total capital cost per unit energy reduces from 245 $/kWhe at 10 h to 38 $/kWhe at 100 h. These costs are considerably lower than MS-PTES (72 $/kWhe at 100 h) and also outcompete current and future Li-ion battery system projections (100-265 $/kWhe).

25 ENERGY STORAGE↗
DOE OSTI2025

Technoeconomic Insights into Metal Hydrides for Stationary Hydrogen Storage

Abstract Metal hydrides (MHs) are promising candidates for storing hydrogen at ambient conditions at high volumetric energy densities. Recent developments suggest hydride‐based systems can cycle and operate at favorable pressures and temperatures that work well with fuel cells used in stationary power applications. In this study, we present a comprehensive design and cost analysis of MH‐based long duration hydrogen storage facilities for a variety of power end users (0 to 20 megawatts (MW) supplied over 0 to 100 hours), to offer insights on technical targets for material development and operation strategies. Our findings indicate that hydride‐based storage systems hold significant size advantage in physical footprint, requiring up to 65% less land than 170‐bar compressed gas storage. Metal hydride systems can be cost competitive with 350‐bar compressed gas systems, with TiFe 0.85 Mn 0.05 achieving $0.45/kWh and complex MH Mg(NH 2 ) 2 ‐2.1LiH‐0.1KH achieving $0.38/kWh. Extending charging times and increasing operating cycles significantly reduce levelized cost of storage, especially for complex MHs. Key strategies to further enhance the competitiveness of MHs include leveraging waste heat from fuel cells, reducing use of critical minerals, and achieving MH production costs of US$10/kg.

08 HYDROGEN↗
DOE OSTI2021

Preliminary Component Design and Cost Estimation of a Novel Electric-Thermal Energy Storage System Using Solid Particles

Energy storage will become indispensable to complement the uncertainty of intermittent renewable resources and to firm the electricity supply as renewable power generation becomes the mainstream new-built energy source and fossil fuel power plants are phased out to meet carbon-neutral utility targets. Current energy storage methods based on pumped storage hydropower or batteries have many limitations. Thermal energy storage (TES) has unique advantages in scale and siting flexibility to provide grid-scale storage capacity. A particle-based TES system is projected to have promising cost and performance characteristics to meet the future growing energy storage needs. This paper introduces the system and components required for particle TES to become technically and economically competitive. The system integrates electric particle heaters, particle TES within insulated concrete silos, and an efficient air-Brayton combined-cycle power system to provide power for storage durations up to several days via low-cost, high-performance storage cycles. Design specifications and cost estimation of major components in a commercial-scale system are presented in this paper. A techno-economic analysis based on preliminary component designs and performance indicates that particle TES integrated with an air-Brayton combined-cycle power system has a path to achieve the targeted levelized cost of storage of 5 ¢/kWh-cycle at a round-trip efficiency of 50% when taking low-cost energy-specific components and leveraging basic assets from existing thermal power plants. The cost model provides insights for further development and economic potentials for long-duration energy storage.

14 SOLAR ENERGY↗
DOE OSTI2020

Solar Potential Analysis for the MISO Region

As part of the Minnesota Solar Pathways project, funded in part by the Department of Energy’s Solar Energy Technologies Office, Clean Power Research completed a scenario-based analysis that estimates and optimizes the levelized cost of capacity for high renewables penetrations across the entirety of the Midcontinent Independent System Operator (MISO) region. The analysis concludes that it can be cheaper to overbuild solar + wind and curtail surplus than to store all generation. The analysis described in this report was preceded by an analysis completed in 2018 that used the same modeling framework to optimize generation resources located only in Minnesota.

14 SOLAR ENERGY↗
DOE OSTI2020

Techno-economic analysis of the impact of dynamic electricity prices on solar penetration in a smart grid environment with distributed energy storage

This study investigates the technical and economic feasibility of using high levels of solar energy penetration up to 400 MW into a smart grid system of 60,000 smart houses. A novel non-cooperative Stackelberg game is introduced that incorporates the profitability of the supply-side and helps in solving problems related to overgeneration and photovoltaic curtailment. The non-cooperative game is intended to find the optimal dynamic prices that would leverage distributed storage through the demand-side to stabilize the power grid operation. Ten cases are studied with five photovoltaic plant sizes and two battery designs. Here, a novel quantitative analysis of high levels of solar penetration as a percentage of the total electricity demand is introduced to evaluate the technical feasibility of the studied cases. To evaluate the economic viability of the proposed smart grid system, four metrics were used: the levelized cost of energy, the levelized cost of storage, the payback period, and the net present value. Two out of ten studied cases were concluded to be the most promising cases, one with a solar photovoltaic plant size of 200 MW and the other with 300 MW. The case with 300 MW solar plant is preferred as it paves the way for more solar energy deployment with a solar penetration percentage up to 67.78%. This case had a payback period of 10.72 years and a net present value of $\$51.44$ M for the solar plant and a payback period of 12.06 years and a net present value of $\$40.75$ M for the demand-side.

14 SOLAR ENERGY↗
DOE OSTI2025

Broad range material-to-system screening of metal–organic frameworks for hydrogen storage using machine learning

Hydrogen is pivotal in the transition to sustainable energy systems, playing major roles in power generation and industrial applications. Metal–organic frameworks (MOFs) have emerged as promising mediums for efficient hydrogen storage. However, identifying potential candidates for deployment is challenging due to the vast number of currently available synthesized MOFs. This study integrates molecular simulations, machine learning, and techno-economic analysis to evaluate the performance of MOFs across broad operation conditions for hydrogen storage applications. While previous screenings of MOF databases have predominantly emphasized high hydrogen capacities under cryogenic conditions, this study reveals that optimal temperatures and pressures for cost minimization depend on the raw price of the MOF. Specifically, when MOFs are priced at $15/kg, among the 9720 MOFs tested, 9692 MOFs achieve the lowest cost at temperatures between 170 K and 250 K and a pressure of 150 bar. Under these optimal conditions, 362 MOFs deliver a lower levelized cost of storage than 350 bar compressed gas hydrogen storage. Furthermore, this study reveals key material properties that result in low system cost, such as high surface areas (>3000 m2/g), large void fractions (>0.78), and large pore volumes (>1.1 cm3/g).

Hydrogen storage↗