Storage Requirements for Grid Integration of Marine Renewable Energy - a Parametric Study

Marine resources such as waves and tides house immense potential to serve as energy-rich sources of renewable power generation. They are known to be highly available, persistent and predictable in nature. Therefore, these can serve as one of the critical components for a primarily renewable energy-driven, resilient and robust future power grid. Although some inherent temporal characteristics of these resources lend themselves favorably to potential grid applications, the inclusion of storage allows the benefits and value streams to become realized more fully. In this paper, we present a framework for assessing impact of marine energy resources inclusion on the overall load generation balance and its impact on the relevant storage requirements to obtain the desired level of renewable energy penetration. From this study, we can critically infer two main points - (a) the relative storage requirements for grid operations with and without marine energy, and (b) the avoided cost of storage by including marine energy into the generation mix. We demonstrate our framework for two different locations across the United States.