Robust capital cost optimization of generation and multitimescale storage requirements for a 100% renewable Australian electricity grid.

ABSTRACT: Transitioning from a fossil-fuel-dependent economy to one based on renewable energy requires significant investment and technological advancement. While wind and solar technologies provide lower cost electricity, enhanced energy storage and transmission infrastructure come at a cost for managing renewable intermittency. Energy storage systems vary in characteristics and costs, and future grids will incorporate multiple technologies, yet the optimal combination of storage technologies and the role of interconnectors in alleviating storage needs are not widely explored. This study focuses on optimal generation-storage capacity requirements to elucidate associated investments. We propose a multitimescale storage solution consisting of three storage categories and an interconnector between Aus

SUBMITTER: Shaikh RA 

PROVIDER: S-EPMC10994200 | biostudies-literature | 2024 Apr

REPOSITORIES: biostudies-literature