© REESSA Consulting UG (haftungsbeschränkt) 2019
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Pumped-Storage Plants (PSP)
Proven Technology with New Tasks
The
commercial
operation
of
large-scale
pumped
storage
power
plants
began
as
early
as
the
1930s.
The
oldest
pumped
storage
power
plants
have
thus
been
in
operation
for
over
80
years.
The
energy
storage
facilities
were
built
to
optimize
the
operation
of
conventional
power
station
racks
and
to
limit
the
number
of
peak-load
power
stations.
In
addition
to
their
function
as
energy
buffers,
they
contribute
significantly
to
system
stability,
system
optimization
and
system
safety.
In
the
event
of
a
power
failure
of
large
power
grids,
a
large
part
of
the
PSP
is
able
to
reestablish
grid operation due to its black start capability.
With
a
future
share
of
renewable
energies
of
more
than
50%,
the
demands
on
technology and operation will change.
REESSA
Consulting
advises
on
new
construction
planning,
modernization
and
expansion
of
pumped
storage
power
plants.
Detailed
market
analysis
and
market
forecast
are
important
basic
analyses
to
determine
the
optimal
design
of
the
plants.
The
aim
of
our
work
is
to
achieve
a
positive
investment
forecast
over
the
entire
project duration.
Renewables Energies
Energy Storage
Simulations & Analytics
Range of Services
•
Feasibility Studies
•
Concept and Design for PSP Projects
•
Evaluation of Capacity Expansions
•
Evaluation of Service Enhancements
•
Economic Feasibility Studies
•
Market Analyses
•
Market Forecasts
•
Market Simulations for Energy Storage Systems
•
Impact of Renewable Energies on the future operation
of PSP
•
Control Energy (PRIM/SEC/MIN)
•
Virtual pumped storage power plant
•
Hydraulic Short Circuit
•
Pump Turbine Design
•
Underground Pumped Storage Plants
•
PSP Circular Dam Storage Concept
•
Small Pumped Storage Systems
•
Evaluation of investment decisions
After difficult economic years, the European market for pumped storage power plants will recover
significantly over the next few years
Crisis in Pumped Storage Power Plant Operation
Over
a
period
of
10
years
(2006
-
2016),
the
profitability
of
PSP
in
Central
Europe
declined.
The
main
reasons
for
this
were
overcapacities
in
peak-load
and
baseload
power
plants
due
to
the
changeover
of
the
electricity
market.
Exchange
electricity
prices
fell
continuously
between
2008
and
2016,
and
with
them
the
price
spread
necessary
for
the
profitable
operation
of
energy
storage
facilities.
The
prices
on
the
control
energy
market,
which
were
still
high
at
the
beginning
of
the
2000s,
have
also
been
at
an
all-time
low
for
several
years.
As
a
result,
systems
with
low
efficiencies
could
no
longer
be
operated
economically.
A
famous
example
of
this
is
the
PSW
Niederwartha
near
Dresden.
The
PSW
Niederwartha
had
to
cease
commercial
operation
in
2016
and
has
been
in
so-called
transitional
operation
since
then.
All
new
building
projects
of
the
last
years
were
stopped
and
important
investments
in
existing
plants
were
not
made.
The
pumped
storage
crisis
reached
its
peak
in
2016
with
an
average
price
spread
of
less
than
€
20
per
megawatt
hour
(8h
storage
operation).
The Future of Pumped Storage Technology
The
cost-effectiveness
of
the
existing
pumped
storage
power
plants
will
be
much
more
positive
in
the
coming
years.
Existing
plants
will
be
able
to
benefit
and
should
adapt
to
the
new
requirements
in
operation.
Based
on
the
positive
economic
forecasts
for
pumped
storage
facilities,
it
is
assumed
that
work
on
existing
concept
plans
for
new
construction
projects
will
be
resumed
in
the
coming
years.
REESSA
Consulting
supports
operators
and
investors
in
the
planning
of
new
pumped
storage power plants with technical and economic issues.
PSP are important players in the European electricity grid
Analysis and revenue forecast models of a PSW model power
plant
Operation and day-ahead electricity price 2018
Day-ahead forecast with ideal machine operation
Detailed technical market analyses form the basis for our
profitability analyses
PUMPED STORAGE