Dispatchability, Energy Security, and Reduced Capital Cost in Tidal-Wind and Tidal-Solar Energy Farms

Abstract

The global tidal energy resource for electricity generation is small, and converting tidal kinetic energy to electricity is expensive compared to solar-photovoltaic or land-based wind turbine generators. However, as the renewable energy content in electricity supplies grows, the need to stabilise these supplies increases. This paper describes tidal energy’s potential to reduce intermittency and variability in electricity supplied from solar and wind power farms while lowering the capital expenditure needed to improve dispatchability. The paper provides a model and hypothetical case studies to demonstrate how sharing energy storage between tidal stream power generators and wind or solar power generators can mitigate the level, frequency, and duration of power loss from wind or solar PV farms. The improvements in dispatchability use tidal energy’s innate regularity and take account of tidal asymmetry and extended duration low-velocity neap tides. The case studies are based on a national assessment of Australian tidal energy resources carried out from 2018 to 2021.

Keywords

• capital expenditure
• dispatchability
• energy storage
• intermittent renewable energy
• marine energy
• solar energy