Electricity storage with liquid fuels in a zone powered by 100% variable renewables

Grégoire Leonard, Vincent Francois-Lavet, Damien Ernst, Christoph J. Meinrenken, Klaus S. Lackner

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In this work, an electricity zone with 100% renewables is simulated to determine the optimal sizing of generation and storage capacities in such a zone. Using actual wind output data, the model evaluates the economic viability of a power-to-fuel storage technology that combines water electrolysis, CO2 capture and methanol synthesis. The main advantage of using methanol as an energy carrier is that liquid fuels are suitable for (long-term) energy storage thanks to their high energy density. The levelized electricity cost projection by 2050 equals 83.4 €/MWh in the base case configuration. The effects of storage round-trip efficiency and the storage unit lifetime are quantified and their impacts on the electricity cost discussed. Additional benefits of using methanol as a fuel substitute may be taken into account in further work.

LanguageEnglish (US)
Title of host publicationInternational Conference on the European Energy Market, EEM
PublisherIEEE Computer Society
Volume2015-August
ISBN (Print)9781467366915
DOIs
StatePublished - Aug 20 2015
Externally publishedYes
Event12th International Conference on the European Energy Market, EEM 2015 - Lisbon, Portugal
Duration: May 19 2015May 22 2015

Other

Other12th International Conference on the European Energy Market, EEM 2015
CountryPortugal
CityLisbon
Period5/19/155/22/15

Fingerprint

Liquid fuels
Methanol
Electricity
Fuel storage
Electrolysis
Energy storage
Costs
Economics
Water
Energy

Keywords

  • Electricity cost
  • Energy storage
  • Power-to-fuel
  • Renewable energy sources
  • Wind energy integration

ASJC Scopus subject areas

  • Marketing
  • Energy Engineering and Power Technology
  • Fuel Technology

Cite this

Leonard, G., Francois-Lavet, V., Ernst, D., Meinrenken, C. J., & Lackner, K. S. (2015). Electricity storage with liquid fuels in a zone powered by 100% variable renewables. In International Conference on the European Energy Market, EEM (Vol. 2015-August). [7216634] IEEE Computer Society. DOI: 10.1109/EEM.2015.7216634

Electricity storage with liquid fuels in a zone powered by 100% variable renewables. / Leonard, Grégoire; Francois-Lavet, Vincent; Ernst, Damien; Meinrenken, Christoph J.; Lackner, Klaus S.

International Conference on the European Energy Market, EEM. Vol. 2015-August IEEE Computer Society, 2015. 7216634.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Leonard, G, Francois-Lavet, V, Ernst, D, Meinrenken, CJ & Lackner, KS 2015, Electricity storage with liquid fuels in a zone powered by 100% variable renewables. in International Conference on the European Energy Market, EEM. vol. 2015-August, 7216634, IEEE Computer Society, 12th International Conference on the European Energy Market, EEM 2015, Lisbon, Portugal, 5/19/15. DOI: 10.1109/EEM.2015.7216634
Leonard G, Francois-Lavet V, Ernst D, Meinrenken CJ, Lackner KS. Electricity storage with liquid fuels in a zone powered by 100% variable renewables. In International Conference on the European Energy Market, EEM. Vol. 2015-August. IEEE Computer Society. 2015. 7216634. Available from, DOI: 10.1109/EEM.2015.7216634
Leonard, Grégoire ; Francois-Lavet, Vincent ; Ernst, Damien ; Meinrenken, Christoph J. ; Lackner, Klaus S./ Electricity storage with liquid fuels in a zone powered by 100% variable renewables. International Conference on the European Energy Market, EEM. Vol. 2015-August IEEE Computer Society, 2015.
@inproceedings{0221e72c5840454bbcb4cd3383f2c230,
title = "Electricity storage with liquid fuels in a zone powered by 100\{%} variable renewables",
abstract = "In this work, an electricity zone with 100\{%} renewables is simulated to determine the optimal sizing of generation and storage capacities in such a zone. Using actual wind output data, the model evaluates the economic viability of a power-to-fuel storage technology that combines water electrolysis, CO2 capture and methanol synthesis. The main advantage of using methanol as an energy carrier is that liquid fuels are suitable for (long-term) energy storage thanks to their high energy density. The levelized electricity cost projection by 2050 equals 83.4 €/MWh in the base case configuration. The effects of storage round-trip efficiency and the storage unit lifetime are quantified and their impacts on the electricity cost discussed. Additional benefits of using methanol as a fuel substitute may be taken into account in further work.",
keywords = "Electricity cost, Energy storage, Power-to-fuel, Renewable energy sources, Wind energy integration",
author = "Gr\{'e}goire Leonard and Vincent Francois-Lavet and Damien Ernst and Meinrenken, {Christoph J.} and Lackner, {Klaus S.}",
year = "2015",
month = "8",
day = "20",
doi = "10.1109/EEM.2015.7216634",
language = "English (US)",
isbn = "9781467366915",
volume = "2015-August",
booktitle = "International Conference on the European Energy Market, EEM",
publisher = "IEEE Computer Society",

}

TY - GEN

T1 - Electricity storage with liquid fuels in a zone powered by 100% variable renewables

AU - Leonard,Grégoire

AU - Francois-Lavet,Vincent

AU - Ernst,Damien

AU - Meinrenken,Christoph J.

AU - Lackner,Klaus S.

PY - 2015/8/20

Y1 - 2015/8/20

N2 - In this work, an electricity zone with 100% renewables is simulated to determine the optimal sizing of generation and storage capacities in such a zone. Using actual wind output data, the model evaluates the economic viability of a power-to-fuel storage technology that combines water electrolysis, CO2 capture and methanol synthesis. The main advantage of using methanol as an energy carrier is that liquid fuels are suitable for (long-term) energy storage thanks to their high energy density. The levelized electricity cost projection by 2050 equals 83.4 €/MWh in the base case configuration. The effects of storage round-trip efficiency and the storage unit lifetime are quantified and their impacts on the electricity cost discussed. Additional benefits of using methanol as a fuel substitute may be taken into account in further work.

AB - In this work, an electricity zone with 100% renewables is simulated to determine the optimal sizing of generation and storage capacities in such a zone. Using actual wind output data, the model evaluates the economic viability of a power-to-fuel storage technology that combines water electrolysis, CO2 capture and methanol synthesis. The main advantage of using methanol as an energy carrier is that liquid fuels are suitable for (long-term) energy storage thanks to their high energy density. The levelized electricity cost projection by 2050 equals 83.4 €/MWh in the base case configuration. The effects of storage round-trip efficiency and the storage unit lifetime are quantified and their impacts on the electricity cost discussed. Additional benefits of using methanol as a fuel substitute may be taken into account in further work.

KW - Electricity cost

KW - Energy storage

KW - Power-to-fuel

KW - Renewable energy sources

KW - Wind energy integration

UR - http://www.scopus.com/inward/record.url?scp=84951987752&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84951987752&partnerID=8YFLogxK

U2 - 10.1109/EEM.2015.7216634

DO - 10.1109/EEM.2015.7216634

M3 - Conference contribution

SN - 9781467366915

VL - 2015-August

BT - International Conference on the European Energy Market, EEM

PB - IEEE Computer Society

ER -