Energy Storage Science and Technology ›› 2021, Vol. 10 ›› Issue (5): 1607-1613.doi: 10.19799/j.cnki.2095-4239.2021.0344

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Thermo-economic analysis of compressed air energy storage under peak load shaving condition

Shan HU1(), Chang LIU1, Yujie XU1,2, Haisheng CHEN1,2,3(), Huan GUO4   

  1. 1.Institute of Engineering Thermophysics, Chinese Academy of Science, Beijing 100190, China
    2.University of Chinese Academy of Sciences, Beijing 100049, China
    3.Nanjing Institute of Future Energy System, Nanjing 211135, Jiangsu, China
    4.National Energy Large Scale Physical Energy Storage Technologies R&D Center of Bijie High-tech Industrial Development Zone, Bijie 551712, Guizhou, China
  • Received:2021-07-14 Revised:2021-08-06 Online:2021-09-05 Published:2021-09-08

Abstract:

Compressed-air energy storage (CAES) is one of the most promising large-scale electrical energy storage technologies. In this study, the method of exergy and economic analysis was adopted, a thermo-economic model for CAES systems was developed. The model was employed to analyze an advanced regenerative CAES system operating in a power system with a time-of-use electricity price. The results show that the system is thermo-economically feasible. Energy cost accounts for a greater portion of the total cost. For the non-energy cost, the gas storage subsystem accounts for the highest proportion, followed by the compression subsystem. Optimizing the compression subsystem significantly reduced the exergy price of the system output, followed by the storage and expansion subsystems. Therefore, to optimize the system, the thermoeconomics of the compressor should first be considered. This study provides technical and economic decision-making reference and basis for research and engineering applications of CAES systems.

Key words: compressed air energy storage, thermal-economic model, exergy analysis

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