Barbour, E., Wilson, I.A. orcid.org/0000-0003-4083-597X, Radcliffe, J. et al. (2 more authors) (2016) A review of pumped hydro energy storage development in significant international electricity markets. Renewable and Sustainable Energy Reviews, 61. pp. 421-432. ISSN 1364-0321
Abstract
The global effort to decarbonise electricity systems has led to widespread deployments of variable renewable energy generation technologies, which in turn has boosted research and development interest in bulk Electrical Energy Storage (EES). However despite large increases in research funding, many electricity markets with increasingly large proportions of variable renewable generation have seen little actual bulk EES deployment. While this can be partly attributed to the need for technological developments, it is also due to the challenge of fairly rewarding storage operators for the range of services that storage provides to the wider network, especially in markets that have undergone significant restructuring and liberalisation. Pumped Hydroelectric Energy Storage (PHES) is the overwhelmingly established bulk EES technology (with a global installed capacity around 130 GW) and has been an integral part of many markets since the 1960s. This review provides an historical overview of the development of PHES in several significant electrical markets and compares a number of mechanisms that can reward PHES in different international market frameworks. As well as providing up-to-date information about PHES, a primary motivation for this work is to provide an overview about the types of rewards available to bulk EES for the wider storage community including investors, technology developers and policy-makers. Observing that bulk EES projects seem to be unattractive investments for the private sector, the paper also includes a brief discussion in terms of public sector investment.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2016 Elsevier Ltd. This is an author produced version of a paper subsequently published in Renewable and Sustainable Energy Reviews. Uploaded in accordance with the publisher's self-archiving policy. Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/) |
Keywords: | Pumped hydro; Electrical energy storage; Energy policy; Electricity markets; Renewables integration |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Chemical and Biological Engineering (Sheffield) |
Funding Information: | Funder Grant number WHITE ROSE UNIVERSITY CONSORTIUM NONE |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 05 May 2016 11:07 |
Last Modified: | 23 Apr 2017 06:50 |
Published Version: | http://dx.doi.org/10.1016/j.rser.2016.04.019 |
Status: | Published |
Publisher: | Elsevier |
Refereed: | Yes |
Identification Number: | 10.1016/j.rser.2016.04.019 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:98992 |