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BACKGROUND AND CONTACT INFORMATION

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Michael STAVY, Principal, The Renewable Energy Finance and Technology Consultancy©
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Michael STAVY'S Background


Michael STAVY'S Short Form CV (resume)
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Michael STAVY'S Contact Information
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All Michael's Invoices are now Sent Through PayPal
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Schedule to Meet Michael at a Renewable Energy Event
The Beighley-Stavy House

The Beighley-Stavy Home in Georgetown, CO
When in Chicago, ride the CTA

Innovations in Energy Efficient City Transit
Yes We Can!

The 2017 Chicago Climate Charter and the 2015 Paris Climate Accord
A Chicago Icon

Inside Marina City

SPECIALIZATIONS

I help Propery Owners Develop their Wind Assets

Wind Power
electricity

Solar Power
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Energy Storage Capacity
generate electricity and heat

Microturbine & Distributed Generation Projects
Yes, We Can!

The 2017 Chicago Climate Charter, 2015 Paris Climate Accord, Carbon Trading, the Carbon Tax
Lets Shop!

Electricity and Natural Gas Procurement
Fuel Cell Vehicle

Hybrid, Electric, Natural Gas, Hydrogen and Alternative Fuel Vehicles

ABSTRACTS FOR ALL PUBLISHED PAPERS & PRESENTATIONS

33 Papers and Counting

List of Michael STAVY'S Published Papers and Presentations
see my co-authors

My August 2002 JSEE Paper is Specifically Cited in 11 Papers

PAPERS AND PRESENTATIONS

C U in Hamburg!

PAPER at WindEurope Conference 2018, 25-28 September, Hamburg
Download my Paper HERE!

PAPER at WindPower 2018, 7-10 May, Chicago
Lets Talk

PAPER at Solar Power International 2017, 10-13 September, Las Vegas
Nice Seeing you at SPI13

PAPER at Solar Power International 2013, 21-24 October, Chicago
Warsaw, Poland

Paper at the 2010 European Wind Energy Conference, 20-23 April, Warsaw Poland
Nice meeting with you in Marseille

PRESENTATION at the EWEC 2009 Marseille, France 16 - 19 March 2009


Paper at the 2009 Michigan Wind Conference 3-4 March 2009, Cobo Hall, Detroit, MI
See you in Chicago

WINDPOWER 2009, May 4-7, Chicago, IL USA


Press for the CHICAGO EDITION of my 2009 EWEC Paper
día bueno

PRESENTATION at the 2008 Latin American Wind Energy Conference, November 5-7, Guadalajara, MX
CO2 CO2 CO2 CO2 CO2

PRESENTATION at WINDPOWER 2008, June 1-4, Houston, TX
CO2 CO2 CO2 CO2 CO2

PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium
Nice seeing you in LA

PAPER, "The Economics of Storing Wind Electricity as Hydrogen" at WindPower 2007 June 3-6 Los Angeles, CA USA
Kellogg Graduate School of Management Class of 1969

QUOTED in the Northwestern Alumni Magazine, Winter, 2007
Storing Wind Electricity as Hydrogen

PAPER "The Technology of Storing Wind Electrcity as Hydrogen" at the European Wind Energy Conference, 7-10 May, 2007, Milan, Italy
Storing Wind Electricity as Hydrogen

PAPER at the POWER GEN Renewable Energy and Fuels Conference, March 6-8, 2007, Las Vegas, NV
Spoke to Reporters

PRESENTATION "Reporting the Wind Story" At the Seminar "Reporting Energy Issues in the Midwest", Sponsored by the Foundation for American Communications, Urbana, IL September 14, 2006
Spark, November 2005

Letter to the Editor of SPARK, November, 2005
Clear Creek Public Radio

"US Energy Sources and Uses" October 29, 2005 Interview on KYGT, Clear Creek County, CO Public Radio
Illinois’ Voluntary Renewable Portfolio Standard

MY 2005 COMMENTS to Illinois Commerce Commision Concerning lllinois' Renewable Portfolio Standard (RPS)
Indiana Dunes National Lakeshore

MY ANSWERS to Certain Questions Concerning Illinois' 2005 RPS (Renewable Portfolio Standard)
Quoted Comments

COMMENTS Quoted in Newspapers or Magazines


PUBLISHED "January 3, 2005 Letter to the Editor" in Crain's Chicago Business
Journal of Solar Energy Engineering

PAPER "Carbon Content of Hydrogen Vehicle Fuel" in the February, 2005 Journal of Solar Energy Engineering
The Cost of Wind Electricity

PAPER "Worksheet to Compute the Cost Wind Electricity", World Renewable Energy Conference-VIII, Denver, CO USA, August 29-September 3, 2004
Fuel Cell Vehicle

PAPER California Climate Change Center's First Annual Conference on Climate Change, June 9-10, 2004, Sacramento, CA
Fuel Cell Vehicle

PAPER, National Hydrogen Association 20O4 Convention, April 26-30, 2004, Los Angeles, CA
Paper on Kyoto Protocol

PAPER-Global WINDPOWER 2004 Conference, Chicago, IL USA, 28-31 March 2004
Levelized Cost and Carbon Content of Hydrogen Vehicle Fuel

PAPER-United States Association for Energy Economics-NCAC-Washington, DC, Friday, December 19, 2003
Fuel Cell Vehicle

PAPER-Illinois Economics Association's 33rd Annual Meeting, October 17-18, 2003, Chicago, IL
Fuel Cell Vehicle

PAPER-American Solar Energy Society's SOLAR 2013 Conference, 21-23 June, Austin,TX
Yak Yak Yak

PAPER-International Solar Energy Society-SOLAR WORLD CONFERENCE 2003-14-19 June 2003,Goteborg, Sweden
Pure Hydrogen Flame

PAPER-European Wind Energy Association-2003 EUROPEAN WIND ENERGY CONFERENCE 16-20 June 2003-Madrid,Spain
Journal of Solar Energy Engineering

PAPER "Worksheet to compute the Levelized Cost of PV electricity", Journal of Solar Energy Engineering, August 2002
From Paris on Route N-7

PAPER, 2002 Global Windpower Conference, 2-5 April, Paris France


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  PAPER-International Solar Energy Society-SOLAR WORLD CONFERENCE 2003-14-19 June 2003,Goteborg, Sweden

Michael STAVY  
The Renewable Energy Finance and Technology Consultancy©  
312-321-1733  
300 N STATE ST APT 4434  
Chicago, Illinois USA 60654  

michael@michaelstavy.com  




I presented my paper; A Financial Worksheet For Computing the Levelized Cost of Wind Electricity (US$/MWh, SEK/MWh, €/MWh) Stored in a Hydrogen Storage System, at the International Solar Energy Society’s SOLAR WORLD CONFERENCE 2003, 14-19 June 2003 in Göteborg, Sweden. https://tinyurl.com/kx8jkxs

CONSULTATIONS IN CHICAGO

 

If you did not have not have time to meet with me in Göteborg, Sweden or if you did not attend the Solar World Conference 2003, you can arrange an appointment at my office in Chicago.

 

Chicago has great hotels and restaurants. It is convenient to fly to Chicago from all over the planet.

 

I am a fee based consulting energy economist in private practice.

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A FINANCIAL WORKSHEET FOR COMPUTING THE LEVELIZED COST OF WIND ELECTRICITY (US$/MWh, SEK/MWh, €/MWh) STORED IN A HYDROGEN STORAGE SYSTEM

M N Stavy
Consulting Energy Economist, Principal, Chicago, United States

Wind is an intermittent source of electricity. If, in the future, wind electricity could be economically stored, it would increase the market value of the wind electricity. This increase in the value of wind energy could be realized in:

  1. Capacity payments.
  2. No out of balance payments for the transmission of wind electricity.
  3. Extra revenue earned by selling the wind electricity at the premium price in a time of day pricing tariff.

In the electric energy storage cycle, a Hydrogen Storage System (HSS) must first use the wind electricity to produce hydrogen in order to charge (fill) the hydrogen storage facility, second, store the hydrogen until the energy is needed and third, discharge (empty the hydrogen from the storage facility) and convert it back into electricity for sale to the grid. This paper presents a worksheet that computes the levelized cost of stored wind energy (US$/MWh, SEK/MWh, €/MWh). The worksheet compares the stored wind electricity cost with the time of day premium price.

This paper discusses the technical, financial and economic principles underlying the levelized cost method of computing the cost of wind electricity stored in a HSS. Topics include the electric energy storage cycle (charging, storage, discharge), hydrogen storage verse pumped storage (and verse other future electric storage technologies), the levelized cost method, storage cycle efficiency, depreciation, cost of capital, fixed and variable operating and maintenance costs.

The paper includes the worksheet, "Levelized Cost of Wind Electricity Stored in a 1 MW Hydrogen Storage System". Benchmark values are for a US (Chicago, IL) and a Swedish model plant.

US$ Results: $68.32/MWh stored levelized cost with Benchmark values; 365 storage cycles per yr, 8 hrs discharge per cycle, 75% efficiency, $35/MWh wind electricity cost, $59,700/MWh HSS cost, 10.0% interest, 25 yr physical life, 1% of HSS capital cost fixed OM cost, $2.00/MWh variable OM cost.

 revised: 11 March 2003


21 October 2004










Michael STAVY, Principal, The Renewable Energy Finance and Technology Consultancy©







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