Energy Storage Technology Options for Distribution Networks – More than just the economic cost
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Energy Storage Technology Options for Distribution Networks – More than just the economic cost. USAEE – Anchorage Craig Froome, Liam Wagner and John Foster . July 2013. @ gcitweet. / gciuq. Project Federal Government Solar Flagships Program 3.275MW Solar Research Array

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Energy Storage Technology Options for Distribution Networks – More than just the economic cost

USAEE – Anchorage

Craig Froome, Liam Wagner and John Foster

July 2013

@gcitweet

/gciuq


  • Project – More than just the economic cost

  • Federal Government Solar Flagships Program

  • 3.275MW Solar Research Array

    • Flat panel with single and dual axis tracking

  • Battery Storage on both AC and DC side

  • But what storage options?


What are we doing at UQ? – More than just the economic cost


Global Cumulative Installed Capacity – More than just the economic cost

Source: IRENA 2012


Data Modeling – More than just the economic cost


Capex – More than just the economic costwith respect to Power and Energy Provision


Levelised cost of energy
Levelised – More than just the economic cost Cost of Energy

LCOEJ = Levelised Cost of Energy for Technology

TOCJ = Total Operating Cost

O&MJ= Operations and Maintenance Costs (All Fixed in this study)

RE(t)J= Renewable Energy Certificates (~$40/MWh Sent out)

WACC= Weighted Average Cost of Capital (Post-tax Real ~7.23%)

CAPEXJ = Capital Cost

SO(t)J= Energy Sent out to the Grid

CPI(t)r = CPI applied to revenue stream 1.875% (ie. 75% of prevailing CPI 2.5%)


Battery technical specifications
Battery Technical Specifications – More than just the economic cost


Levelised Cost of Storage – More than just the economic cost


Future – More than just the economic cost

Cost of storage is decreasing and through learnings (and greater deployment) will continue to decrease in next decade.

Large-scale deployment of renewable technologies can not happen without storage.

Technology choice will be dependent on use – different technologies do have different purposes.


  • Thank You – More than just the economic cost

  • Craig Froome

  • Global Change Institute

  • The University of Queensland

  • Phone: +61 7 3365 3689

  • Fax: +61 7 3346 3299

  • Email: [email protected]


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