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Compressed air energy storage (CAES) could be paired with a wind farm to provide firm, dispatchable baseload power, or serve as a peaking plant and capture upswings in electricity prices. We present a firm-level engineering-economic analysis of a wind/CAES system with a wind farm in central Texas, load in either Dallas or Houston, and a CAES plant whose location is profit-optimized. With 2008 hourly prices and load in Houston, the economically optimal CAES expander capacity is unrealistically large – 24 GW – and dispatches for only a few hours per week when prices are highest; a price cap and capacity payment likewise results in a large (17 GW) profit-maximizing CAES expander. Under all other scenarios considered...
Categories: Publication; Types: Citation; Tags: economics, energy, supply demand
This paper distinguishes between Social Impact Assessment (S1A) and the Public Involvement (PI) process and makes a case for PI as an integral part of SlA. PI is seen as activity within the SIA process that provides the social impact assessor with a means to obtain quantitative information regarding social impact assessment variables. In North America during the 1970s SIA began to evolve both separately and as a component of environmental impact assessments. However, the utilization and implementation of SIA procedures have moved forward in an uneven manner among federal agencies. Furthermore, the practice of SIA at the federal or ministerial level has been hindered by the unfortunate equating of SlA with public...
Categories: Publication; Types: Citation; Tags: crisis, energy, social, system