Physics and Economy of Energy Storage



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International Conference Energy Autonomy through Storage of Renewable Energies by EUROSOLAR and WCRE October 30 and 31, 2006 Gelsenkirchen / Germany Physics and Economy of Energy Storage Ulf Bossel European Fuel Cell Forum Morgenacherstrasse 2F CH-5452 Oberrohrdorf / Switzerland forum@efcf.com www.efcf.com Reduction of Storage Demand by Balanced Management of Renewable Energies Solar energy heat - 24 hour hot water storage electricity Synchronous with daily electricity demand - modest storage needs Wind energy electricity Supply linked to weather pattern - need partial storage Biomass wood Is already stored energy - use in Winter, not year round biogas Easy to store for up to 12 hours - use for peak power production biofuels Easy to store and transport Hydro power flowing water - base load storage lakes - for balancing wind power Solid waste and digester gas - continuous base load The energy storage problem is drastically reduced by an optimized operation of renewable energy installations

No Central Storage for all Renewable Energies Central energy storage facility Solar energy Wind energy Biomass Hydro power Solid waste Geothermal NO! Buildings Transport Industry Wishful thinking of energy companies and dreamers Most likely, renewable energy will primarily be stored onsite in quantity and quality needed for particular applications Energy users will become responsible for individual or personalized energy storage solutions Storage of Energy Chemical energy is stored by mass or volume: Coal: bunks, silos, dumps Oil: tanks, barrels, drums Gas: tanks, Biomass: wood stacks, silos, dumps This is not the topic of this talk Need physical energy storage solutions This is the topic of my presentation

Energy Challenge Matching of physical demand to physical supply With the exception of food people need physical energy motion, communication, lighting, heating and cooling (space conditioning and cooking), industrial processes With the exception of biomass nature provides physical energy kinetic energy of wind, water, waves solar radiation, geothermal heat The challenge is the direct transfer of physical energy from source to service Physical Energy Storage Options Electricity: Pumped storage Batteries Fly wheels Compressed air Heat & Cold: Water tanks (sensible heat) Bricks (sensible heat) Ice (latent heat) Steam (latent heat) This presentation is concerned with physics and economics of physical energy storage Technical solutions will be discussed by the following speakers

Energy Storage Systems 1 0 2 Storage option S t o r a g e S y s t e m Examples 48V=/12 V= battery 12 V=/220V 380V motor + compressor pressure tank expansion turbine + generator 220V heat exchanger + pump hot water storage tank heat exchanger + pump 380V /100V= + electrolyzer + compressor hydrogen tank fuel cell + 48V=/220V Need to consider the entire storage system (not just the storage option) Energy Balance of Energy Storage E r (renewable energy) operational energy W 1 W 0 (t) W 2 E initial t E final L 1 L 0 (t) L 2 energy losses E u (t) (useful energy)

Energy Storage Balance Equation E r (renewable energy) W 1 W 0 (t) W 2 E initial t E final L 1 L 0 (t) L 2 E u (t) (useful energy) useful energy = renewable energy operational energy energy losses E u (t) = E r - [W 1 + W 0 (t) + W 2 ] - [L 1 + L 0 (t) + L 2 ] Energy Storage Efficiency E u (t) / E r = 1- [W 1 + W 0 (t) + W 2 ] / E r - [L 1 + L 0 (t) + L 2 ] / E r η s (t) = E u (t) / E r = 1 - η W (t) - η L (t) Overall energy storage efficiency can be increased by - lowering operational energy consumption (input, storage operation, output) - lowering energy losses (input, storage losses, output) Energy consumption and energy losses of input and output equipment depend on type of storage, chosen equipment, operational parameters etc. These engineering details shall not be considered in this context.

Energy Storage Transfer Efficiency E r E initial = E final E u η 1 (no energy losses) η 2 Efficiency Total V V Super capacitors 0.95 0.95 0.90 Lithium-ion batteries 0.93 0.93 0.86 Flywheel storage 0.90 0.90 0.81 Lead acid batteries 0.85 0.90 0.77 Pumped water storage 0.85 0.85 0.72 Compressed air storage 0.75 0.85 0.64 Gaseous H 2 storage 0.70 0.45 0.32 Liquid H 2 storage 0.50 0.45 0.25 Hot water storage 0.95 0.95 0.90 Super capacitors and batteries much better than hydrogen Energy Storage Transfer Losses 100% 50% Storage (no losses) 90% (super capacitors) 86% (Lithium-ion batteries) 77% (Lead-acid batteries) 72% (pumped water) 64% (compressed air) 32% (compressed H 2 ) 25% (liquified H 2 ) 0% Only 1/3 of the original energy for hydrogen storage

Renewable Energy Demand to Cover Storage Transfer Losses liquefied hydrogen: 400% compressed hydrogen: 312% Primary renewable energy compressed air: 156% pumped water: 130% Lead acid batteries: 130% Lithium-ion batteries: 116% super capacitors: 109% Ideal storage (no losses) Storage transfer efficiency essential for economic use of renewable energy Useful energy 100% 0% Energy Storage Losses Amount of energy stored = C x quantity x quality ( C = proportionality constant) Batteries Pumped storage Compressed air Hot water storage Flywheel C x electrical charge x voltage C x water mass x vertical drop C x volume x pressure C x water mass x temperature C x moment of inertia x speed of rotation Storage losses result from loss of quantity (a) or loss of quality (b) Batteries Pumped storage Compressed air Hot water storage Flywheel loss of charges by self-discharge (a) Water evaporation, leakage (a) leakage (a) temperature loss (b) speed of rotation (b) Energy storage losses depend on design features of storage system and time

Time-Dependence of Energy Losses E r E = E(t) E u Two loss mechanisms 1. Linear decay of energy content E = E 0 [ 1 - a x t ] 2. Exponential decay of energy content E = E 0 [ 1 b x exp(t/t 1/2 ) ] E(t) E(t) 1/2 L 0 (t) a Ex.: latent heat storage (liquid H 2, ice, steam) Ex.: sensible heat storage leaking pressure vessels flywheels t 1/2 ( half life ) Constants a, b and t 1/2 are given by storage system design b t t Typical Energy Loss Categories E(t) Type 1 (linear) E(t) Type 2 (exponential) t t super capacitors Lithium-ion batteries Lead-acid batteries ice storage steam storage liquid hydrogen flywheels cold water storage hot water storage small leak in pressure tank large leak in pressure tank Slope of curves depends on system design

Linear Energy Losses with Time 100% 50% ideal, no losses 1 day 2 days 3 days 4 days Ideal 1 day 2 days 3 days 4 days 0% time t Same energy losses every day Exponential Energy Losses with Time 100% 50% ideal, no losses 1 day 2 days 3 days 4 days Ideal 1 day 2 days 3 days 4 days 0% time t Highest energy losses on 1st day, then falling

Energy Storage Losses and Design 100% ideal, no losses ideal 50% good acceptable bad 0% time t Total energy storage losses depend on storage design Economics Basis of all business 1. Profit per transaction (P) (Value of sales must exceed value of purchases) 2. Number of transactions per year (n) (as many as possible) Good business: product of both is maximized (P x n = max)

Energy Storage Economics Profit per Energy Storage Cycle (P) = energy sold from storage (E u ) x energy sales price ($ u ) minus energy purchased (E r ) x energy purchase price ($ r ) P = E u x $ u E r x $ r = E u x $ u (1 E r /E u x $ r /$ u ) = E u x $ u (1 1/η s x $ r /$ u ) For profit: (1 1 / η s x $ r / $ u ) > 0 or η s > $ r / $ u For profitable operation of energy storage the storage system efficiency must be better than the ratio of energy purchase and sales price Profitability of Energy Storage Systems Electricity purchased for 1.00 must be sold from storage for at least Super capacitors η s = 0.90 1.11 Lithium-Ion batteries η s = 0.86 1.16 Lead acid batteries η s = 0.77 1.30 Pumped water storage η s = 0.72 1.39 Compressed air storage η s = 0.64 1.56 Gaseous hydrogen storage η s = 0.32 3.13 Liquefied hydrogen storage η s = 0.25 4.00 Electricity storage with hydrogen not attractive If electricity can be sold for 4.00 /unit storage operators will hype profits with batteries

Energy Storage Cycles per Year 100,000 Regenerative braking of electric cars 730 Tidal power plants (2 or 4 cycles per day) 365 Photovoltaic and solar thermal power plants (1 cycle per day, day night, if at all) 365 Running waters, ocean waves, wind geothermal, solid waste incineration (1 cycle per day, night day, following demand) 52 Weekend surplus, wind, solar (storage for 3 days) 26 Wind, solar (storage for two weeks) 1 Seasonal storage (storage for 6 months) Long-term storage of physical energy difficult. Most storage needs are met with 1 cycle per day (same as today!) Energy Storage Economics Annual revenues from energy storage = profit per storage cycle x number of cycles per year minus cost of operation minus cost of maintenance minus cost of invested capital Maximize profit per cycle and cycles per year, minimize cost of operation, maintenance and capital Cycle profits can be raised if electricity is stored in the form of later use without re-conversion to grid quality Value of stored electricity may be far above cost of energy. (e.g. mobile phones, automobile batteries, laptops)

Need Electricity Storage Management Dispersed one-way storage units are grid-connected They are charged by electric power utility at times when surplus power is inexpensive to 80% whenever recharging is needed to 100% when excess power is available Parked electric cars stay grid-connected Charging conditions as above. Need automatic charge transfer platforms in garages and parking lots. Electricity received is metered on board or by HF-signals and charged to the car owner by the end of each month Today: Electricity must be delivered when needed Future: Electricity will be distributed when available and stored in appliance-connected batteries Need One-Way Storage Systems Sustainable future: Two-way electricity storage facilities will always be needed One-way electricity storage will become integral part of appliances, cars, electronic equipment, homes etc. Renewable El. Renewable El. Renewable El. two-way storage Dispersed one-way electricity storage units could be managed by electric utilities, not by home or car owners

Conclusions From physics and economics: 1. Long-term storage of electricity difficult 2. Long-term storage of electricity not economic 3. Main storage demand is met by 12-hour storage systems 4. Many small electrical one-way storage systems likely 5. Electricity storage systems in appliances, cars, homes 6. Electricity storage systems owned by energy user 7. But storage systems may be managed by utilities 8. Electricity distributed when available, not when needed 9. Need strategies for decentralized energy storage Storage demand can be drastically reduced by balanced numbers of renewable energy facilities and their smart operation Thank you for your attention! Questions? Ulf Bossel ubossel@bluewin.ch www.efcf.com/reports

Please consider the following announcement Plan to attend and inform your friends Thank you! 2-6 July 2007, Lucerne / Switzerland World Sustainable Energy Forum Implementation of existing renewable energy and energy efficient technologies European Fuel Cell Forum Morgenacherstrasse 2F CH-5452 Oberrohrdorf / Switzerland www.efcf.com