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Optimal investment timing and capacity choice for pumped hydropower storage
2013
Energy Systems, Springer Verlag
Pumped hydropower storage can smooth output from intermittent renewable electricity generators, facilitating their large-scale use in energy systems. Germany has aggressive plans for wind power expansion, and pumped storage ramps quickly enough to smooth wind power and could profit from arbitrage on the short-term price fluctuations wind power strengthens. We consider five capacity alternatives for a pumped storage facility in Norway that practices arbitrage in the German spot market. Price
doi:10.1007/s12667-013-0109-x
fatcat:nc4mmicmkjeztm53ogno6p76j4