Thermodynamic and Economic Analysis of a Liquid Air Energy Storage System with Carbon Capture and Storage for Gas Power Plants

Abstract

Liquid air energy storage (LAES) technology is helpful for large-scale electrical energy storage (EES), but faces the challenge of insufficient peak power output. To address this issue, this study proposed an efficient and green system integrating LAES, a natural gas power plant (NGPP), and carbon capture. The research explores whether the integration design is theoretically feasible for future adoption in operating the LAES system and NGPP. The effect of the charging pressure, the number of air expansion stages, and electricity prices on the overall thermodynamic and economic characteristics are investigated. The round-trip efficiency and the exergy round-trip efficiency of the proposed system are 47.72% and 69.74%, respectively. The calculations show that the minimum dynamic payback period for such a project is 3.72 years, and the lowest levelized cost of electricity is 0.0802 USD·kWh−1. This work provides a reference for peak-shaving power stations with energy storage and carbon capture.