Energy arbitrage model for pumped hydro and battery storage systems



Research areas


Pumped hydro and battery are two leading energy storage technologies in electricity systems. They can profit from energy arbitrage in the energy markets. For example, the Hornsdale Power Reserve in South Australia recovered one third of the total investment in the first year of operation. In this project, students will develop a cost and revenue model to quantify the costs and benefits of integrating a storage facility into a power system with high penetration of solar and wind energy.

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