A systems approach to quantifying the value of power generation and energy storage technologies in future electricity networks
- Submitting institution
-
Imperial College of Science, Technology and Medicine
- Unit of assessment
- 12 - Engineering
- Output identifier
- 344
- Type
- D - Journal article
- DOI
-
10.1016/j.compchemeng.2017.05.012
- Title of journal
- Computers and Chemical Engineering
- Article number
- -
- First page
- 247
- Volume
- 107
- Issue
- 1
- ISSN
- 0098-1354
- Open access status
- Compliant
- Month of publication
- May
- Year of publication
- 2017
- URL
-
-
- Supplementary information
-
10.1016/j.compchemeng.2017.05.012
- Request cross-referral to
- -
- Output has been delayed by COVID-19
- No
- COVID-19 affected output statement
- -
- Forensic science
- No
- Criminology
- No
- Interdisciplinary
- No
- Number of additional authors
-
3
- Research group(s)
-
-
- Proposed double-weighted
- No
- Reserve for an output with double weighting
- No
- Additional information
- This paper establishes that the average annualised cost to generate a unit of power is no longer effective for future low-carbon energy systems with a high proportion of renewable generation. Instead, we define the concept of “system value” (in terms of emissions reductions and predictability of generation) and an optimisation-based procedure to quantify this. The work has led to a 5-year £7M EPSRC Programme Grant (https://www.imperial.ac.uk/energy-futures-lab/idles/) and an OBE awarded to Shah.
- Author contribution statement
- -
- Non-English
- No
- English abstract
- -
