Economic analysis report of pumped storage power station

This report documents a component-level, bottom-up cost model for PSH that constitutes the most detailed publicly available tool for screening-level PSH cost estimation. This project was funded by the United States Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) under its HydroWIRES initiative and carried out by a collaborative consisting of five DOE national laboratories led by Argonne National Laboratory (Argonne). In addition to Argonne. generation. One strategy is to set asideof their best efficiency point (BEP), to provid this approach are two mum power ouminim m generation level can lead to oversupply situations. T d to solving both these drawbacks. Pump/turbine entional generators s. To make development of PSH feasible in. While there is a general understanding that pumped storage hydropower (PSH) is a valuable energy storage resource that provides many services and benefits for the operation of power systems, determining the value of PSH plants and their various services and contributions has been a challenge. The. According to the different stages of the development of the power market, this paper puts forward the corresponding development models of pumped storage power stations, which are successively the “two-part price system” model, the “partial capacity fixed compensation” model, and the “completely. This report is available at no cost from the National Renewable Energy Laboratory (NREL) atNREL 46526. NREL prints on paper that contains recycled content. This report, originally published in September 2023, has been revised in March 2024 to improve and correct.