Connolly, D.; Lund, H.; Finn, P.; Mathiesen, B.V.; Leahy, M. - In: Energy Policy 39 (2011) 7, pp. 4189-4196
In this paper, three practical operation strategies (24Optimal, 24Prognostic, and 24Hsitrocial) are compared to the optimum profit feasible for a PHES facility with a 360Â MW pump, 300Â MW turbine, and a 2Â GWh storage utilising price arbitrage on 13 electricity spot markets. The results...