| dc.contributor.advisor |
Webber, Michael E., 1971- |
| dc.creator |
Fares, Robert Leo
|
| dc.date.accessioned |
2012-11-06T14:51:44Z |
| dc.date.available |
2012-11-06T14:51:44Z |
| dc.date.created |
2012-08 |
| dc.date.issued |
2012-11-06 |
| dc.date.submitted |
August 2012 |
| dc.identifier.uri |
http://hdl.handle.net/2152/ETD-UT-2012-08-6271 |
| dc.description.abstract |
Large-scale electrochemical energy storage is a technology that is uniquely suited to integrate intermittent renewable energy sources with the electric grid on a large scale. Grid-based energy storage also has the potential to reduce costs associated with periods of peak electric demand. For these reasons, this work describes the potential applications for grid-based energy storage, and then reviews large-scale energy storage technology innovations since the development of the lead-acid battery. The potential value of grid-based battery energy storage is discussed in the context of restructured electricity markets; then, a dynamic model-based economic optimization routine is developed to gauge the potential value of a vanadium redox flow battery (VRFB) operating for wholesale energy arbitrage and frequency regulation in Texas. Based on this analysis, the relative value of a VRFB in various regions of Texas for energy arbitrage and frequency regulation is examined. It is shown that frequency regulation is an appealing application for a grid-based VRFB, with a VRFB utilized for frequency regulation service in Texas potentially worth approximately $1500/kW. Finally, the effect of a VRFB’s characteristics on its value for frequency regulation and energy arbitrage are compared, and the operational insight developed in this work is used to glean how policies to integrate a large-scale energy storage with the electricity market might be crafted. |
| dc.format.mimetype |
application/pdf |
| dc.language.iso |
eng |
| dc.subject |
Energy
|
| dc.subject |
Storage
|
| dc.subject |
ERCOT
|
| dc.subject |
Grid
|
| dc.subject |
Battery
|
| dc.subject |
Flow battery
|
| dc.subject |
Economic
|
| dc.title |
A dynamic model-based estimate of the potential value of a vanadium redox flow battery for energy arbitrage and frequency regulation in Texas |
| dc.date.updated |
2012-11-06T14:52:53Z |
| dc.identifier.slug |
2152/ETD-UT-2012-08-6271 |
| dc.contributor.committeeMember |
Meyers, Jeremy P. |
| dc.description.department |
Mechanical Engineering
|
| dc.type.genre |
thesis |
| dc.type.material |
text |
| thesis.degree.department |
Mechanical Engineering
|
| thesis.degree.discipline |
Mechanical Engineering |
| thesis.degree.grantor |
University of Texas at Austin |
| thesis.degree.level |
Masters |
| thesis.degree.name |
Master of Science in Engineering |
