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Comprehensive life cycle cost analysis of pumped storage hydropower under technological, market and climate uncertainties

Type: PhD Research

Duration: October 2024 – September 2028

Keywords: Life Cycle Costing, Decommissioning costs, Market and energy price volatility, climate change projections, Pumped storage hydropower

Funding of the project: “Innovative Storage Technology and Operations in Hydropower (STOR-HY)” is funded by the European Commission’s Horizon Europe programme

This PhD research is part of an international and multidisciplinary research project funded by the European Commission’s Horizon Europe programme, focusing on innovative storage technology in hydropower. The overall goal of the project is to develop innovative and sustainable pumped storage technologies and control strategies to enhance the flexibility and resilience of the EU energy grid and support the EU energy transition. This is achieved by extending the lifetime and recyclability of components and equipment, devising operation strategies for unconventional conditions (e.g., saltwater or coal mine applications), and implementing sensor-based condition monitoring systems.

The aim of this PhD research to perform a detailed life cycle cost analysis (LCCA) for Pumped Storage Hydropower (PSH) systems, focusing on key economic factors such as decommissioning costs, market and energy price fluctuations, and climate change projections. These factors play a critical role in shaping investment decisions. By developing an LCCA model, this study aims to evaluate the long-term viability and sustainability of PSH systems, ultimately empowering stakeholders in the energy sector to make well-informed decisions.

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