DOE OSTI2019
Pumped storage hydro (PSH) projects support various aspects of power system operations. However, determining the value of PSH projects and the many services and contributions to the system they provide can be a challenge. The PSH techno-economic studies being carried out by a 5-lab consortium are defining extensive modeling approaches for evaluating the economic benefits of PSH projects. To enhance the impact of the valuation approach and follow-on techno-economic studies, Pacific Northwest National Laboratory (PNNL) will be developing a set of online tools that industry could adopt and use to advance PSH projects in the US. The problem is that the research team is not entirely clear on the features of the tools that would offer the most significant impact to industry. Thus, year one of this effort is designed to first define the needs of industry before developing the PSH valuation tool. The first step in defining industry needs is to evaluate existing tool packages, including those created by DOE and those by industry groups, to both measure usage levels and define tool attributes that maximize industry impact. The second step in this process will be to hold a workshop designed to elicit direct industry input. Given the breadth and nature of the task, which is to define ideal model attributes, the research team did not constrain the assessment to storage valuation tools. Several tools were assessed, and their characteristics compared against a list of “ideal” attributes that included ease of use, generalizability of results, and analytical flexibility. Information regarding usage and impact were then compared to specific model attributes to define which attributes appear to drive success. The following key lessons and implications can be drawn from the analysis: Models with high ease of use were often the most adopted by industry, though they did not necessarily have high publication reference records, meaning a published article made direct reference to the tool. For example, REScheck TM and COMcheck TM , two tools which share a site, have seen a high amount of web traffic and usage. Similarly, Storage Value Estimate Tool (StorageVET®), an energy storage valuation model, has a large number of organizations using it despite a low publication reference record. A common feature between these models is that they are web-hosted, theoretically making them more easily accessible with graphic user interfaces (GUIs) that are more navigable; Models with higher usage statistics were typically free and/or open source. While it may be unsurprising that this attribute could be considered a draw for users, there is the potential for overestimating the tool's value based on popularity due to the fact that some users may have used the model simply because it was free and not because it is the best model; Models that offer more in-depth analysis and a wide coverage of applications (e.g. VOLTTRON™, GridLAB-D™, and Integrated Valuation of Ecosystem Services and Tradeoffs (InVest)) have shown a high number of publication references as well as showing a high number of downloads in the case of GridLAB-D™. It should be noted that the figure below does not include the model with the highest number of publication references (EnergyPlus™) as it has been removed to show clearer distinction between the remaining tools; The most popular model within the evaluation list was EnergyPlus™. This tool has the highest number of publication references (2,034) of all models considered and contains both a high ease of use level as well as broad application flexibility. Its high usage may be correlated, however, with the presumed wider audience conducting energy consumption modeling compared to the audiences for some of the other tools in this list; Models that were low in both general usage and publication reference generally did not exhibit characteristics considered ideal by the research team. Some of these models offered a narrower range of analytical applications or lower generalizability of results. This would automatically restrict the pool of potential users to those who fall within a narrow range of specific technologies or applications. This report also explores two model structures for the PSH tool: decision tree-based, which would guide the user through the valuation methods defined in the PSH techno-economic studies currently being carried out by DOE, and an all-inclusive comprehensive model. The strengths of each were explored and a hybrid approach was defined that would embed a price taker model into the decision tree approach. Such an approach would provide a comprehensive approach for modeling small-scale PSH while recognizing the challenges associated with implementing a price-maker approach in an all-inclusive model. Insight gained in this analysis of other models can aid in narrowing down the list of effective and sought-after attributes, and in defining model structure. Next steps toward developing a model for storage valuation will be to gain direct industry input through workshops.