Integration of wind and hydrogen technologies in the power system of Corvo island, Azores: A cost-benefit analysis

Parissis, O-S; Zoulias, E; Stamatakis, E; Sioulas, K; Alves, L; Martins, R; Tsikalakis, A; Hatziargyriou, N; Caralis, G; Zervos, A

dc.contributor.author	Parissis, O-S	en
dc.contributor.author	Zoulias, E	en
dc.contributor.author	Stamatakis, E	en
dc.contributor.author	Sioulas, K	en
dc.contributor.author	Alves, L	en
dc.contributor.author	Martins, R	en
dc.contributor.author	Tsikalakis, A	en
dc.contributor.author	Hatziargyriou, N	en
dc.contributor.author	Caralis, G	en
dc.contributor.author	Zervos, A	en
dc.date.accessioned	2014-03-01T01:35:52Z
dc.date.available	2014-03-01T01:35:52Z
dc.date.issued	2011	en
dc.identifier.issn	0360-3199	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/21232
dc.subject	Cost-benefit analysis	en
dc.subject	External costs	en
dc.subject	Fuel cells	en
dc.subject	Hybrid system	en
dc.subject	Hydrogen	en
dc.subject	Wind energy	en
dc.subject.classification	Chemistry, Physical	en
dc.subject.classification	Energy & Fuels	en
dc.subject.classification	Environmental Sciences	en
dc.subject.classification	Physics, Atomic, Molecular & Chemical	en
dc.subject.other	Economic aspects	en
dc.subject.other	Electricity grids	en
dc.subject.other	Electricity market	en
dc.subject.other	Electricity production	en
dc.subject.other	European Commission	en
dc.subject.other	External costs	en
dc.subject.other	Hydrogen technologies	en
dc.subject.other	Intelligent energies	en
dc.subject.other	Isolated community	en
dc.subject.other	Power supply system	en
dc.subject.other	Power systems	en
dc.subject.other	Renewable energy source	en
dc.subject.other	Roadmap	en
dc.subject.other	Social perspective	en
dc.subject.other	Storage power	en
dc.subject.other	Storage solutions	en
dc.subject.other	Storage technology	en
dc.subject.other	Technical problem	en
dc.subject.other	Weak grid	en
dc.subject.other	Wind energy	en
dc.subject.other	Cost effectiveness	en
dc.subject.other	Costs	en
dc.subject.other	Electricity	en
dc.subject.other	Flywheels	en
dc.subject.other	Fuel cells	en
dc.subject.other	Fuel storage	en
dc.subject.other	Hybrid systems	en
dc.subject.other	Hydrogen	en
dc.subject.other	Hydrogen storage	en
dc.subject.other	Power transmission	en
dc.subject.other	Profitability	en
dc.subject.other	Smart power grids	en
dc.subject.other	Wind power	en
dc.subject.other	Cost benefit analysis	en
dc.title	Integration of wind and hydrogen technologies in the power system of Corvo island, Azores: A cost-benefit analysis	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.ijhydene.2010.12.074	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.ijhydene.2010.12.074	en
heal.language	English	en
heal.publicationDate	2011	en
heal.abstract	The intermittent nature of most Renewable Energy Sources (RES) imposes difficulties in matching supply with demand and technical problems associated with weak grids. Energy storage may play a vital role in addressing these issues allowing for higher penetration of RES into weak electricity grids, especially in islands and isolated communities. The aim of STORIES project, which is co-financed by the Intelligent Energy Europe programme of the European Commission, is to provide suggestions for changes in policies and regulations covering RES installations and to promote the use of energy storage technologies in island grids based also on the assessment of economic aspects, such as internal and external costs of energy storage solutions in order to increase RES penetration. The main outcome of the project will be the development of a Roadmap for the promotion of hybrid RES-energy storage power systems, which may assist in overcoming barriers for higher RES penetration in European islands and boosting the respective RES electricity markets in these areas. In the present work, the introduction of hydrogen as a storage means and wind energy as an electricity production source into the power supply system of the Portuguese island Corvo in Azores is presented. A cost-benefit analysis is carried out in order to examine the proposed RES and Hydrogen power system from an economic, environmental and social perspective. The results indicate that a considerable RES penetration into the power system of Corvo island is feasible and entails convergence between the financial and social profitability showing alignment of private and social interest. Copyright (C) 2010, Hydrogen Energy Publications, LLC. Published by Elsevier Ltd. All rights reserved.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	International Journal of Hydrogen Energy	en
dc.identifier.doi	10.1016/j.ijhydene.2010.12.074	en
dc.identifier.isi	ISI:000292123900101	en
dc.identifier.volume	36	en
dc.identifier.issue	13	en
dc.identifier.spage	8143	en
dc.identifier.epage	8151	en