Energy storage and renewable energy
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- Discussion papers (SAM) 
I consider an economy with fossil fuel and renewable energy and energy storage, and search for the conditions that lead to welfare improvements when energy is stored. I then solve for the optimal decision rule and analyze the long-run tendencies of the economy-energy variables. The ndings are threefold. First, energy storage is fostered by the convexity of the marginal utility (prudence), the marginal cost function for fossil fuel energy, and the degree of intermittency. Second, considering a low penetration of renewable energy to the power grid, energy storage is not welfare improving if the fossil fuel energy cost function is linear. Third, energy storage creates an added value to renewable energy investments when actively used. By showing the in uence that energy storage can have on energy generation and investment decisions, I hope that the current work can be in uential in a more generous treatment of energy supply in future energy-economy-climate models.
UtgiverNorwegian School of Economics. Department of Economics
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Durmaz, Tunç (Discussion paper;5/16, Working paper, 2016-02-25)As renewable energy depends on meteorological shocks and is non-controllable, the overall energy production becomes riskier with the rising renewable share. Although this has led to a renewed interest in storage technologies, ...
Investment analysis of rooftop solar photovoltaic panels for energy-efficient residential areas in Norway, under different regulatory scenarios : Zero Village Bergen as a case study Mekki, Adrian; Virk, Kamaljeet Singh (Master thesis, 2016)In Norway, buildings are responsible for 50% of stationary energy consumption; therefore reducing their carbon-footprint is an important area of research. Solar photovoltaic (PV) panels have seen significant technological ...
Future of Kenyan electricity generation : an analysis of physical and economical potential and least cost sources Torrie, Melanie (Master thesis, 2014)Kenya has always had a renewable energy mix, with over 80 percent of electricity generated from renewable sources. As the country continues to develop, and in order to meet the growing demand for electricity, Kenya is ...