12 research outputs found
Electrify Italy
This study explores a possible pathway to implement a new energy paradigm in Italy based on electrification.
The objectives are:
⢠To build a forward-looking vision of possible scenarios at 2022, 2030 and 2050 by integrating a multi-focus perspective on the penetration of renewables and the electrification potential of the residential, industrial and transport sectors.
⢠To estimate the potential benefits of further electrification through the calculation of Key Performance Indicators in four different areas: energy, economy, environment and society.
The study shows how the electricity triangle, a paradigm based on clean generation by renewable sources, electrification of final uses, and electricity exchange through efficient smart grids, closes the loop of clean energy and efficient consumption. This leads to improvements in energy, environment, economy and social performances, and boosts the share of renewables in final consumption
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Role of Pumped Storage Hydro Resources in Electricity Markets and System Operation: Preprint
The most common form of utility- sized energy storage system is the pumped storage hydro system. Originally, these types of storage systems were economically viable simply because they displace more expensive generating units. However, over time, as those expensive units became more efficient and costs declined, pumped hydro storage units no longer have the operational edge. As a result, in the current electricity market environment, pumped storage hydro plants are struggling. To offset this phenomenon, certain market modifications should be addressed. This paper will introduce some of the challenges faced by pumped storage hydro plants in today's markets and purpose some solutions to those problems