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Cost–Benefit Analysis of Pumped Hydroelectricity Storage Investment in China

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CREAR/Dipartimento di Ingegneria Industriale, Università di Firenze, 50139 Firenze, Italy
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DII Dipartimento di Ingegneria dell’Informazione, Università Politecnica delle Marche, 60121 Ancona, Italy
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Uniecampus, 22060 Novedrate, CO, Italy
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EUAbout, 1000 Brusselles, Belgium
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Authors to whom correspondence should be addressed.
Academic Editor: Keywan Riahi
Energies 2021, 14(24), 8322; https://doi.org/10.3390/en14248322
Received: 21 September 2021 / Revised: 12 November 2021 / Accepted: 24 November 2021 / Published: 10 December 2021
In this study, the energy scenario in China was analyzed by retracing the trend of exponential population growth, gross domestic product (GDP), and electricity production and consumption. A forecast up to 2050 was made based on the history and forecasts of other field studies. It was possible to deduce data on pollutants in terms of CO2 equivalent (CO2-eq) emitted over time if there were no changes in the way energy was produced. Moreover, different scenarios were hypothesized for the use of pumped hydroelectricity storage plants, namely 4.5%, 6%, 8%, 11%, and 14% (percentage of electricity compared to requirements in 2050), to balance variable renewable energy sources and avoid curtailment, thereby reducing the use of energy produced by coal-fired plants. For this implementation, direct and indirect costs and benefits were considered, with interesting results obtained from an economic standpoint and very positive results from environmental, social, and territorial perspectives. View Full-Text
Keywords: pumped hydro storage; renewable energy sources; electricity; cost–benefit analysis pumped hydro storage; renewable energy sources; electricity; cost–benefit analysis
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MDPI and ACS Style

Sospiro, P.; Nibbi, L.; Liscio, M.C.; De Lucia, M. Cost–Benefit Analysis of Pumped Hydroelectricity Storage Investment in China. Energies 2021, 14, 8322. https://doi.org/10.3390/en14248322

AMA Style

Sospiro P, Nibbi L, Liscio MC, De Lucia M. Cost–Benefit Analysis of Pumped Hydroelectricity Storage Investment in China. Energies. 2021; 14(24):8322. https://doi.org/10.3390/en14248322

Chicago/Turabian Style

Sospiro, Paolo, Leonardo Nibbi, Marco Ciro Liscio, and Maurizio De Lucia. 2021. "Cost–Benefit Analysis of Pumped Hydroelectricity Storage Investment in China" Energies 14, no. 24: 8322. https://doi.org/10.3390/en14248322

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