A generic thermal energy storage (TES) system is considered as a retrofit to an existing nuclear power plant in Texas. A validated PLEXOS model of the ERCOT electric grid is used to simulate electricity market clearing in 2030. Three scenarios of natural gas price forecasts are used with a coupled capacity expansion model to simulate the deployment of competing technologies. The power, energy capacity and ramp rate of the TES system are varied parametrically in order to calculate the revenues arising from arbitrage as well as ancillary services. Increasing the ramp rate and power increases the storage system net revenue in all cases. Increasing energy capacity has a positive effect on net revenue in a small number of cases but has mixed results overall.
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2017 25th International Conference on Nuclear Engineering
July 2–6, 2017
Shanghai, China
Conference Sponsors:
- Nuclear Engineering Division
ISBN:
978-0-7918-5779-3
PROCEEDINGS PAPER
Hybrid Nuclear Thermal Energy Storage System Revenue With Design and Market Uncertainty
W. Neal Mann,
W. Neal Mann
University of Texas at Austin, Austin, TX
Search for other works by this author on:
Erich A. Schneider
Erich A. Schneider
University of Texas at Austin, Austin, TX
Search for other works by this author on:
W. Neal Mann
University of Texas at Austin, Austin, TX
Erich A. Schneider
University of Texas at Austin, Austin, TX
Paper No:
ICONE25-67335, V001T01A033; 7 pages
Published Online:
October 17, 2017
Citation
Mann, WN, & Schneider, EA. "Hybrid Nuclear Thermal Energy Storage System Revenue With Design and Market Uncertainty." Proceedings of the 2017 25th International Conference on Nuclear Engineering. Shanghai, China. July 2–6, 2017. V001T01A033. ASME. https://doi.org/10.1115/ICONE25-67335
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