Compressed Air Energy Storage: Optimal Performance and Techno-Economical Indices

Authors : Peter Vadasz

Pages : 69-80

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Publication Date : 1999-06-01

Article Type : Other

Abstract :A thermodynamic and techno-economical analysis of a Compressed Air Energy Storage system subjected to an exogenous periodic electricity price function of the interconnection is presented. The fundamental parameters affecting the thermodynamic performance and the techno-economical cost-benefit indices are identified and corresponding optimisation problems are formulated. The results of the analysis permit to obtain the optimal values of the fundamental plant parameters to be used in the design process.
Keywords : energy storage, CAES, compressed air, optimization, technoeconomics