On the economics of electrical storage for variable renewable energy sources

B-Tier
Journal: European Economic Review
Year: 2018
Volume: 108
Issue: C
Pages: 259-279

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The use of renewable energy sources is a major strategy to mitigate climate change. Yet Sinn (2017) argues that excessive electrical storage requirements limit the further expansion of variable wind and solar energy. We question, and alter, strong implicit assumptions of Sinn’s approach and find that storage needs are considerably lower, up to two orders of magnitude. First, we move away from corner solutions by allowing for combinations of storage and renewable curtailment. Second, we specify a parsimonious optimization model that explicitly considers an economic efficiency perspective. We conclude that electrical storage is unlikely to limit the transition to renewable energy.

Technical Details

RePEc Handle
repec:eee:eecrev:v:108:y:2018:i:c:p:259-279
Journal Field
General
Author Count
3
Added to Database
2026-01-25