Operation and sizing of energy storage for wind power plants in a Term Paper

Operation and sizing of energy storage for wind power plants in a market - Term Paper Example Wind energy provides a priceless supplement for the energy sources available conventionally across the world. However, the sporadic nature of wind energy limits the maximum penetration of wind power that can be made available for the networks of electricity (Korpas, Hildrum and Holen 1). Also, since production in wind power experiences significant fluctuations, it becomes difficult for the owners of the wind power plants to sustain against the competition in the emerging markets of electricity. Some of the significant factors in relation to the operation and sizing of energy storage for wind power plants in a market include the impact of the mechanisms of the electricity markets, constraints of the transmission line, and forecast of the accuracy of the wind power. These factors together determine the advantages and disadvantages of the storage of wind power. Considering all these issues, a computer model has been developed to achieve the scheduling and operation of the resources bein g distributed in the market system (Korpas, Hildrum and Holen 1). The present study discusses on the operation and sizing of the energy storage for wind power plants in a market. ... In case of generation of excess electricity, often wastage occurs. Countries like the United Kingdom (UK) have reported huge payments for power that remained unused since the year 2011. The cost of such unused power shifts on to those who pay the taxes. Continuous research is being conducted to determine the causes of a marketplace leading to power wastage. Over the years, greater attention has been drawn on the hydro-electric storage and use of more modern battery and fuel cell systems. Cryogenic energy storage (CES) has been obtained as one of the most effective measures for capture and storage of electricity, the process being highly innovative and new. It is expected that CES will be able to solve the current problems of wind power storage of energy (Lo). Hydro-Storage for Wind Power Energy: It is being researched and suggested that higher rates of pumped hydro storage would benefit the storage of wind power. This process enables storage of energy through water being pumped from a low reservoir to a reservoir located at a higher location. The method is applied in case of excess of energy. In case of wind energy, this is helpful when wind blows hard at the nights. Thus when the energy is needed, the valves of the storage can be opened up and the water can be allowed to run through the wind turbines. This is a process similar to all hydro stations (Richard). Cryogenic energy storage (CES) for Wind Power Energy Storage: As discussed, one of the most prominent problems in regard to the storage of wind power energy is the intermittency of the power, making the issue of energy storage highly critical. Engineers have in the present times focused on cryogenic energy storage where they have established technology trying to create a modular, scalable