£32,548 to £38,833
Faculty of Engineering – School of Civil Engineering, University of Leeds
Dr. Giorgio Locatelli, Lecturer, School of Civil Engineering.
Generation Integrated Energy Storage (GIES) – A Paradigm Shift, is a new EPSRC-funded project which will assess a class of systems that blends electricity generation and storage, to understand the role that they could play in future energy systems. Their ability to deliver low-carbon energy on demand, at low system cost, will be investigated from technical, economic, and policy standpoints. The successful candidate will investigate the economics of GIES systems, which store energy in a convenient form before converting it to electricity on demand. The project is in collaboration with the Universities of Nottingham, Cambridge, and Birmingham.
The successful candidate will quantify the marginal economic value of GIES systems when these co-exist with conventional energy storage systems using Real Options analysis techniques. The successful candidate will explore various approaches to most efficient project financing and cash flow management. The successful candidate will also formulate draft business and contractual models designed to make the investment in GIES feasible and to maximise the likelihood of success of such projects.