Historical Hydropower Operations and Economic Value

Citations Over Time

Abstract

This report on historical hydropower operations and economic value focuses primarily on addressing HydroWIRES Objective 1.3: Advance valuation of conventional and pumped-storage hydropower assets. It is informed by previous work performed by Argonne and other national laboratories on the modeling and analysis of value of pumped storage and conventional hydropower. The results from this report will feed into the new projects that are planned under the HydroWIRES initiative and that will examine hydropower’s value in providing grid reliability and resilience, as well as in improving the modeling and representation of hydropower in power system models. Other relevant DOE efforts include various WPTO-funded projects, such as the Beyond Levelized Cost of Energy Project and Integrated Hydropower and Storage Systems, that are currently addressing similar challenges associated with defining grid service values that arise from hydropower machine capabilities.

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