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Renewable Energy Generation Wind turbines are being developed at a rapid rate, but they are an inherently variable generators of energy and are thus classified as un-dispatchable resources. This greatly reduces the market price of wind generated electricity. By integrating the operation of the Zinc Flow with that of the wind turbine, a stable and predictable output can be generated, allowing for higher-value, firm contract sales as well as energy pricing arbitrage opportunities.Wind developers are always looking for ways to sell their power into the grid at a higher cost, and to find ways to generate more power from their wind turbines. Since the effective cost of energy produced from a wind farm is dominated by capital asset costs rather than by operating costs, anything that improves the effective use of their asset will provide a greater return. By decoupling the production and delivery of energy from renewable resources, Zinc-Flow can make the generated energy more valuable, and provide a means for the combined facility to sell greater amounts of power into the grid. Premium Power Corporation has done extensive modeling of the economics of adding its Zinc-Flow units to existing wind farms and its studies indicate that a wind farm developer is significantly better off by spending incremental capital dollars on adding Zinc-Flow units, rather than purely adding additional wind turbines. Firming the delivery of power is a key means for wind farm owners to increase the value of wind energy by selling power in higher value blocks instead of simply spot sales. By storing the wind energy during off-peak periods or when there is excess wind energy available, this energy could then be delivered later to supplement existing wind generation during on-peak periods to ensure a minimum (for contractual delivery) but hopefully a maximum (for greater profit) energy sales. Instead of cycling all of the output from the wind turbines through the storage facility, the capacity firming strategy is used to only support a full-time minimum output from the wind-farm. By absorbing and discharging energy to provide a stable output, the wind farm owner can improve the delivery and price of the wind power as it becomes a more reliable grid resource. Besides increasing the value of the wind energy generated, a wind tower can also benefit from the use of Zinc-Flow to increase the effective output of the facility. Generally, most people think that the best way to produce more power from a wind tower is to increase the efficiency of a wind turbine, but there are also innovative ways to generate additional energy sales from a wind tower. By purchasing and storing low-cost, off-peak energy from the grid at night and selling it back to the grid during peak demand periods (arbitrage) when its value is highest, the Zinc-Flow unit leverages the unused electrical equipment of the wind tower to make additional and profitable energy sales. By utilizing the otherwise unused Zinc-Flow and electrical equipment, this marginal benefit adds to the overall economics of operating the combined system.Finally, lowering the cost of integrating the wind power into the grid is another way Zinc- Flow units can be of value to a wind tower. This can be crucial as recent estimates put the cost of integrating wind energy into the grid at 5% to 30% of the cost of generation.1 These costs are generated from additional transmission ancillary service support the system operator has to account for because of the unreliability of wind power. Zinc-Flow units can provide additional flexibility to mitigate these issues by promoting system stability to promote further wind penetration of the market. Zinc-Flow can be used to reduce additional ancillary service requirements, both providing local transmission system stability benefits and improving the total economics of the wind farm. Although ancillary service costs vary widely due to accounting practices and the physical differences between the different Regional Transmission Organizations, all agree that as more wind energy is put onto the grid, these costs increase and that these costs are increasingly being charged in some way to the wind developer. Finally, Zinc-Flow units can help the wind towers even with the basic ability to sell power into the market. During periods of high demand, wind energy production is sometimes 'constrained-off" the grid because there is no more room on a transmission line. When this happens, the output of a wind farm can be reduced-even to zero if the transmission line is full. At this time, Zinc-Flow systems can store excess energy and release it when there is more space available on the transmission system. References: Howatson, Al, and Churchill, Jason, International Experience with Implementing Wind Energy, The Conference Board of Canada, Ottawa, ON, February, 2006 |
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