Michael's 2019 Papers

Paper at Wind Europe 2019, 2-4 April, Bilbao, Spain.

Stavy, Michael, Is Hydrogen Energy Storage Ready for Prime Time on the European Grid? , WindEurope 2019,  2-4 April, Bilbao, Spain.

Abstract–  Bulk energy storage can be used for ancillary services, diurnal, weekly or seasonal wind energy storage.

The reader can compute the cost of bulk energy storage (ES) cost using the levelized cost of storage (LCOS) algorithm in the author’s WindEurope-18 paper (poster), A Financial Algorithm for Computing the Levelized Cost (US$/MWh; €/MWh) of the Bulk Storage of Wind Electricity (LCOS). The algorithm equations were presented. For rapid computation, an Excel worksheet of the LC algorithm was presented.

Readers must first read the author’s WindEurope-18 paper in order to understand his 2018-LCOS Algorithm and this paper.

Readers can download the author’s WindEurope-18 Paper, an Excel Workbook of the 2018-LCOS Algorithm and the Conference Poster at XXX

To compute the LCOS, the author’s 2018-LCOS Algorithm requires nine energy storage plant (ESP) specifications (specs; metrics).

In the WindEurope-18 paper, the author presented the LCOS algorithm in a pumped storage plant (PSP) case study with complied specs for the Xcel Energy Cabin Creek Pumped Hydro Storage Plant (300 MW│1,450 MWh) [Georgetown, CO 80444]. The author uses the Cabin Creek case study to discuss the PSP energy storage technology, to show how the nine Cabin Creek specs are compiled and to compute the PSP LCOS.

The author’s 2018-LCOS Algorithm is agnostic between a pumped storage plant (PSP) and a hydrogen storage plant (HSP).

To compute a HSP LCOS using his 2018-LCOS Algorithm requires that the author compile the same ESP specs (metrics) for a HSP. This was not possible for the author to do because in a literature search, he could not find any operating commercial bulk HSP on the European (North American) grid.

If any reader is able to compile the HSP nine ESP specs (metrics), the reader can use the author’s 2018-LCOS Algorithm. This reader might, as a courtesy, inform the author the details of their success.

The goal of this paper is to determine whether hydrogen energy storage is ready for prime time on the European (North American) grid. Based on the author’s inability to locate any actual bulk HSP on the European (North American) gird, the author’s conclusion is NO, not yet. This inability also does not allow the author compile the nine HSP specs (metrics) used in the 2018-LCOS Algorithm.


To determine the LCOS of any proposed (developer, academic, hypothetical) European (North American) HSP, the author has developed an expanded 2019-HSP LCOS Algorithm which uses “project accounting” to separately compute the LCOS for charging, storage and discharge and then the total round-trip LCOS.


An Excel Workbook of the paper’s 2019-HSP LCOS Algorithm has been prepared. The Excel HSP LCOS Workbook has notes to explain what data to enter and how the numbers flow through the algorithm. The algorithm equations will be available.

The Excel Workbook of the 2019-HSP LCOS Algorithm, the WindEurope-19 paper and the WindEurope-19 Conference Poster can all be downloaded at XXX

The paper discusses the HS technology, focusing on the three phases of all HSP; one, the production of the hydrogen, two, the storage of the hydrogen, and three, the use of stored hydrogen as the fuel to generate electricity.

While the paper discusses the now 27 HSP specs (metrics), there is no case study discussion of how to compile these specs from the current literature. Interested readers should study the PSP compilation case study found in the author’s WindEurope-18 paper. The process is the same.

The author does discuss the requirement that the 27 HSP specs to be defined with a uniform set of hydrogen units. Nine specs from each of the three phases adds up to 27 specs total.

This paper is based on the author’s eight published paper’s on the finances of hydrogen energy storage, his three paper’s on the carbon content of hydrogen, his two papers on the cost of producing hydrogen by electrolysis and his one paper on the cost of electricity generated by a hydrogen powered fuel cell.

A glossary of abbreviations is provided.

Michael’s WindEurope 2018 Conference Presenter Biography is @ https://tinyurl.com/y9d6puss

Now is a good time to schedule an appointment with Michael at your office, in Bilbao, just below the Cabin Creek PSP in Georgetown, CO or in Chicago.

His usual hourly rate will apply. Call Michael at 312-321-1733.

Was it Sigmund Freud, the first noted behavioral economist, who said that half the value of the consultation was derived from the payment of the consulting fee? Michael cannot find this citation. Tell him if you find it.