European Commission Awards EStorage Consortium €13 Million Grant To Better Integrate Wind Energy Into Electrical Grid
Even more important, PSPs play an essential role in power regulation which is the capability for generating units to rapidly adapt their output to keep generation and consumption balanced at all times. Electrical production and consumption need to be balanced to ensure the stability and continuous operation of electrical networks. However, fixed-speed PSP plants can only provide power regulation in generation mode while variable speed units can regulate power in generation and pump mode, e.g. 24 hours per day. Virtually all existing PSPs in Europe are fixed speed units.
From simulation studies, demonstration results and storage potential analysis, the eStorage consortium will evaluate the system-level benefits of storage and identify development barriers in order to draw recommendations for an efficient market and regulatory framework to maximise the impact of projects. The project will also demonstrate a balancing market platform, validating critical IT systems which manage new types of flexible products such as PSP.
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