Course objectives
In developing future energy strategies - particularly where renewable sources such as solar and wind hold significant shares -a number of challenges arise, driven by the dependence of power generation on natural energy variability. This course, designed like all Green Power Academy training to be accessible to commercially-minded business people, provides an excellent introduction to:
- The economics of power generation, its pricing and grid distribution
- Where and why energy storage can play a role
- The cost-benefit analyses which will determine its market growth
- The technological solutions through which it can be achieved
Agenda Details
The Business Challenges in Large-Scale, Grid-delivered Renewable Power
- Grid integration challenges for variable and intermittent renewables such as solar and wind
- The commercial importance of measures and factors such as capacity factor, dispatchability, time of supply and capacity contribution
- Understanding the impact of renewable sources on the economics and efficiencies of conventional power plants, and the grid system as a whole
- Centralised vs. distributed renewable power delivery
- Power markets, pricing and interconnection
Applications of Energy Storage
- Including: load shifting, peak shaving, power regulation and quality
- Grid balancing and demand management, including "smart grids"
- Transmission and distribution capacity planning
- Differentiating Energy vs. Power capacity requirements in different storage applications
Solutions for Energy Storage
- Understanding current and future storage options, including:
- Pumped storage
- CAES (compressed air energy storage)
- Thermal storage
- Flywheels, Capacitors& SMES
- A multitude of battery types, including: Flow, NaS, Metal-air, Li-ion, Lead-Acid, fuel cells etc.
- Explaining the differing characteristics and appropriate applications of the various storage technologies
- Future electric transport markets and energy storage
The Economics of Renewable Power with and without Energy Storage
- The capital, operating and marginal costs of renewable power: current data and a critique of how such figures are derivedv
- The costs of the various storage technologies
- Storage costs and their impact (positive and/or negative) on electricity costs:
- The impact of storage on unit costs in electricity markets
- Market structure and energy policy aspects in influencing the economics of energy storage
- Including trading areas and renewable subsidies such as feed-in tariffs
- The impact of storage on full power project lifecycle costs:
- Levelised cost of electricity (LCOE) and storage sensitivity analysis
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