Comprehensive Analysis of an Energy Storage System for the Alto Douro Wind Power Plant, Encompassing Wind and Solar Energy Integration: A Study of Technical and Financial Aspects

• Type: Other Publications
• Date: 2023

Authors

Felgueiras, C (Author) Other; Xavier, C (Author) Other; Magalhães, A (Author) Other; Pereira, FAdS (Author) FEUP; Santos, A (Author) Other

Other information

Authenticus ID: P-010-A8H

DOI: 10.20944/preprints202311.1576.v1

Abstract (EN): <jats:p>Renewable energy sources are increasingly crucial for meeting global energy demands in an eco-friendly manner, particularly as the world shifts away from fossil fuels and faces higher volatility of the market prices. Portugal, a country with limited fossil fuel reserves and high energy dependency, has heavily invested in renewables in recent years. However, renewables like sunlight, wind, and water are inherently unsteady due to climate influences, resulting in energy production fluctuations. To mitigate this issue, energy storage systems are being deployed to stabilize renewable energy supply during production lulls. This project aims to assess an energy storage system and define technical specification in order to maximize profitability at the Finerge-owned Alto Douro wind farm. To achieve this, we&#039;ve conducted an energy demand analysis, followed by simulations to assess system performance in relation to energy use and profit, while varying parameters such as power and efficiency. We&#039;ve also compared commercial proposals from different battery manufacturers utilizing various technologies. Our findings suggest that high-power, quick charge-discharge lithium-ion batteries are the most suitable solution, given their efficiency and modularity. These attributes are vital for achieving current and future profitability.</jats:p>

Language: English

Type (Professor's evaluation): Scientific