@misc{1ebe53896ba245caaecf51ed904b2d08,
title = "Market-Integrated Optimization of Wind-Battery-Hydrogen Hybrids for Peaking Capacity via Storage",
abstract = "As Integrated Energy Systems (IES) combine multiple energy and storage technologies to provide potentially more value and less risk via resource diversification, complementary overbuild, increased flexibility, and revenue-stacking, IES value is dependent on electricity market dispatch and grid interactions should play an important role in IES design and operation. This study hybridizes and retrofits wind and combustion turbine plants to study the impacts of replacing gas generation capacity with wind, battery, PEM electrolysis, hydrogen tanks and hydrogen turbines. The optimized design is co-simulated in a production cost model with different bidding strategies in order to compare performance and highlight the importance of grid-interactions. We analyze the revenue and dispatch changes as well as the price and cost implications of wind-battery-hydrogen IESs.",
keywords = "electrolysis, grid modeling, hybrid energy system, hydrogen, integrated energy system, market integration, optimization, plant design and control, production cost model, RTS-GMLC, seasonal storage, surrogate model, wind battery hydrogen hybrid",
author = "Darice Guittet and Ben Knueven and Xian Gao and Jaffer Ghouse and Ignas Satkauskas and Alexander Dowling and Wes Jones and John Siirola and David Miller",
year = "2022",
language = "American English",
series = "Presented at the INFORMS Annual Meeting, 16-19 October 2022, Indianapolis, Indiana",
type = "Other",
}