A risk assessment framework of seawater pumped hydro storage project in China under three typical public-private partnership management modes

Wu, Yunna; Zhang, Ting; Chen, Kaifeng; Yi, Liqi

doi:10.1016/j.est.2020.101753

Cited by 27 publications

(13 citation statements)

References 51 publications

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“…The entropy weight grey target theory is introduced to build the PPP mode selection model of urban rail transit project stock, and the feasibility and practicability of the model are verified. Yunna W et.al [48] introduced risk assessment frameworks for seawater pumped storage projects in China under three typical public-private partnership management models, and introduced various PPP models to promote the construction of power plants. By summarizing the existing literature on the selection of PPP projects operation mode, it can be found that the existing research has the following two outstanding problems:…”

Section: Plos Onementioning

confidence: 99%

Operation mode selection of NIMBY facility Public Private Partnership projects

Zhao

Zhang

2021

PLoS ONE

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Construction of not in my back yard (NIMBY) facility Public Private Partnership (PPP) projects are feasible measures to realize sustainable urbanization. In order to ensure the smooth development of the NIMBY facility PPP projects, the problem of choosing the most suitable operation mode among many PPP modes is still scarce and unscientific. In order to select the operation mode of the PPP projects that best fits the characteristics of the project, this paper constructs the operation mode selection of the NIMBY facility PPP project. Firstly, the index system of operation mode selection of the NIMBY facility PPP project is determined. G1 subjective weighting method and information entropy objective weighting method are introduced to solve the optimal weight of each index. Grey correlation theory is used to improve TOPSIS method, and the calculation form of relative proximity degree is optimized to determine the most suitable operation mode for the project. In this paper, combined weighting and TOPSIS method are applied to the research of NIMBY facility PPP project, and the operation mode selection of NIMBY facility PPP project is established, which makes up the blank of this part. Finally, a PPP project in Qingdao, Shandong Province, China, is taken as an example to verify the applicability of the model. The effectiveness of this model was tested by comparing the results of TOPSIS method, Grey target model, Extended matter-element mode and GRA-TOPSIS. It is hoped to provide useful reference for the operation mode selection of NIMBY facility PPP project.

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Section: Plos Onementioning

confidence: 99%

Operation mode selection of NIMBY facility Public Private Partnership projects

Zhao

Zhang

2021

PLoS ONE

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“…Kocaman AS and Modi V proposed a two-stage stochastic mixed-integer programming model for use in sizing an integrated hybrid energy system with pumped hydro storage and solar generation and concluded that the benefit of pumped hydro is more significant in isolated systems [19]. Wu YN et al proposed a risk assessment method of a seawater pumped hydro storage project in China under three typical public-private partnership management modes by using a linguistic hesitant fuzzy-set-based cloud model [20]. Smallbone A et al conducted the economic analysis of a pumped heat energy storage system by using the Levelised Cost of Storage method, and the result shows the cost of stored electricity of a demonstration plant proved to be between 2.7 and 5.0 EUR ct/kWh [21].…”

Section: Literature Reviewmentioning

confidence: 99%

A Hybrid Novel Fuzzy MCDM Method for Comprehensive Performance Evaluation of Pumped Storage Power Station in China

2021

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Considering the goals of carbon peaking and carbon neutrality, along with their related policies, pumped storage power stations are set to develop quickly in China. The comprehensive performance of pumped storage power stations must urgently be evaluated, which can help investors in decision making and provide a reference for policymakers. In this paper, a hybrid novel fuzzy multicriteria decision-making (MCDM) method combining the fuzzy best worst method (BWM) and fuzzy TOPSIS was proposed for the comprehensive performance evaluation of pumped storage power stations in China. The fuzzy BWM was utilized to determine the criteria weights describing the comprehensive performance of pumped storage power stations, while the fuzzy TOPSIS was used to rank the comprehensive performance of pumped storage power stations. The index system for the comprehensive performance evaluation of pumped storage power stations in China incorporated economic, social, and environmental aspects. The comprehensive performance of four pumped storage power stations in China was empirically evaluated using the proposed hybrid novel fuzzy MCDM method, and the results indicate that pumped storage power station PSPS2 exhibited the best comprehensive performance, followed by pumped storage power stations PSPS1 and PSPS4, whereas pumped storage power station PSPS3 had the worst comprehensive performance. A sensitivity analysis and comparative analysis were also conducted. The results indicate that the proposed hybrid novel fuzzy MCDM method, combining the fuzzy BWM and fuzzy TOPSIS for comprehensive performance evaluation of pumped storage power stations, is robust and effective.

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“…At present, different energy storage techniques are mainly used for RE‐based power generation schemes such as pump‐hydro storage (PHS), 26‐32 flywheel energy storage, 33‐37 compressed air energy storage (CAES), 38‐45 battery, 46‐54 capacitor, 55‐59 supercapacitor, 55,56,60‐62 superconducting magnetic energy storage, 63‐66 aquifer thermal energy storage, 67‐71 cryogenic energy storage, 72‐74 and high temperature thermal energy storage 75,76 . Battery storage has been extensively used in RE applications due to its compactness, easy installation, and worldwide availability.…”

Section: Introductionmentioning

confidence: 99%

“…At present, different energy storage techniques are mainly used for RE-based power generation schemes such as pump-hydro storage (PHS), [26][27][28][29][30][31][32] flywheel energy storage, [33][34][35][36][37] compressed air energy storage (CAES), [38][39][40][41][42][43][44][45] battery, [46][47][48][49][50][51][52][53][54] capacitor, [55][56][57][58][59] supercapacitor, 55,56,[60][61][62] superconducting magnetic energy storage, [63][64][65][66] aquifer thermal energy storage, [67][68][69][70][71] cryogenic energy storage, [72]…”

Section: Introductionmentioning

confidence: 99%

A review on pump‐hydro storage for renewable and hybrid energy systems applications

Das

Mustafi

et al. 2021

Energy Storage

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The integration of storage technologies into the hybrid energy system (HES) offers significant stability in delivering electricity to a remote community. In addition, the benefits of using storage devices for achieving high renewable energy (RE) contribution to the total energy supply are also paramount. The present study provides a detailed review on the utilization of pump‐hydro storage (PHS) related to the RE‐based stand‐alone and grid‐connected HESs. The PHS‐based HESs have been analyzed considering the technical details, including reliability, cost‐effectiveness, and environmental indicators. The optimization techniques are critically employed to the PHS‐based systems, including metaheuristics intelligent techniques, commercially available optimization and simulation tools, and recent advanced optimization tools. A comparative analysis of PHS integration to the stand‐alone and grid‐connected systems based on techno‐economic and environmental indicators over other storage technologies is also presented. The key technical and environmental challenges related to the PHS‐based HES are identified. Results from the recent research studies indicate that the PHS‐based HESs offer significant cost and environmental benefits over battery storage technologies. The study identifies that the particle swarm optimization is the mostly appreciated optimizing technique for cost‐effective energy supply and environmental aspects followed by hybrid optimization model for electric renewables and genetic algorithm.

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A risk assessment framework of seawater pumped hydro storage project in China under three typical public-private partnership management modes

Cited by 27 publications

References 51 publications

Operation mode selection of NIMBY facility Public Private Partnership projects

Operation mode selection of NIMBY facility Public Private Partnership projects

A Hybrid Novel Fuzzy MCDM Method for Comprehensive Performance Evaluation of Pumped Storage Power Station in China

A review on pump‐hydro storage for renewable and hybrid energy systems applications

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