W. Hurley, Alan Orthmann, P. Lieberman, Ben M. Enis
{"title":"Engineering and Cost Study of an Offshore Wind Farm Compressed Air Energy Storage System","authors":"W. Hurley, Alan Orthmann, P. Lieberman, Ben M. Enis","doi":"10.1109/OSES.2019.8867346","DOIUrl":null,"url":null,"abstract":"This paper presents an engineering and cost study investigating a novel concept for combining a compressed air energy storage system with an offshore electrical substation serving a deep-water floating offshore wind farm. The study investigates a solution that combines existing offshore technologies with emerging compressed air energy storage (CAES) systems seeking synergies with wind farm energy production, higher efficiencies and lower levelized cost of storage. A cost analysis is presented including a worked model of an economic comparison between this offshore CAES system and electro-chemical (Li-Ion) battery storage. A variant of the Levelized Cost of Storage (LCOS) comparison metric is presented.","PeriodicalId":416860,"journal":{"name":"2019 Offshore Energy and Storage Summit (OSES)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2019 Offshore Energy and Storage Summit (OSES)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/OSES.2019.8867346","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
This paper presents an engineering and cost study investigating a novel concept for combining a compressed air energy storage system with an offshore electrical substation serving a deep-water floating offshore wind farm. The study investigates a solution that combines existing offshore technologies with emerging compressed air energy storage (CAES) systems seeking synergies with wind farm energy production, higher efficiencies and lower levelized cost of storage. A cost analysis is presented including a worked model of an economic comparison between this offshore CAES system and electro-chemical (Li-Ion) battery storage. A variant of the Levelized Cost of Storage (LCOS) comparison metric is presented.
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