Project Team
Students
Moha Desai
Energy Engineering
Penn State University Park
Faculty Mentors
John Wang
Penn State University Park
Energy & Mineral Engineering
Andrew Kleit
Penn State University Park
Energy & Mineral Engineering
Project
https://sites.psu.edu/mcreu/files/formidable/2/Moha-Desai-Poster.pdf
Project Video
Project Abstract
This research project presents techno-economic analysis of storage options for wind power. Specifically, it discusses the various options for Vineyard Wind, an actual off-shore wind farm project under development in Massachusetts. Massachusetts has passed a law that requires that 20% of its electrical energy must be supplied by offshore wind turbines by 2035. It is expected that other renewable energy sources (RES) will also increase as a fraction of the total electricity in Massachusetts over the next two decades. The experience in other geographical areas presents a future scenario where the grid will require the windfarm to resort to curtailment, which is essentially putting brakes on the wind turbines and losing revenue. This paper evaluates storage options to receive diverted excess energy to mitigate the need for curtailment, and in doing so, partly recover the expected loss in revenue. Storage options considered in this work are green hydrogen and rechargeable batteries. Two different discount rates (6% and 5%) and different escalation rates (2.5% and 4.6%) were compared to further understand the future state economics. In summary, this paper has studied the techno-economic analysis of different storage options for Vineyard Wind offshore windfarm to prepare for a renewable energy rich future, and the resulting consequences on the project economics without the storage.
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