Publications
Probabilistic Modeling of Climate Change Impacts on Renewable Energy and Storage Requirements for NM's Energy Transition Act (SAND Report)
This report provides a study of the potential impacts of climate change on intermittent renewable energy resources, battery storage, and resource adequacy in Public Service Company of New Mexico’s Integrated Resource Plan for 2020 – 2040. Climate change models and available data were first evaluated to determine uncertainty and potential changes in solar irradiance, temperature, and wind speed in NM in the coming decades. These changes were then implemented in solar and wind energy models to determine impacts on renewable energy resources in NM. Results for the extreme climate-change scenario show that the projected wind power may decrease by ~13% due to projected decreases in wind speed. Projected solar power may decrease by ~4% due to decreases in irradiance and increases in temperature in NM. Uncertainty in these climate-induced changes in wind and solar resources was accommodated in probabilistic models assuming uniform distributions in the annual reductions in solar and wind resources. Uncertainty in battery storage performance was also evaluated based on increased temperature, capacity fade, and degradation in round-trip efficiency. The hourly energy balance was determined throughout the year given uncertainties in the renewable energy resources and energy storage. The loss of load expectation (LOLE) was evaluated for the 2040 No New Combustion portfolio and found to increase from 0 days/year to a median value of ~2 days/year due to potential reductions in renewable energy resources and battery storage performance and capacity. A rank-regression analyses revealed that battery round-trip efficiency was the most significant parameter that impacted LOLE, followed by solar resource, wind resource, and battery fade. An increase in battery storage capacity to ~25,000 – 30,000 MWh from a baseline value of ~14,000 MWh was required to reduce the median value of LOLE to ~0.2 days/year with consideration of potential climate impacts and battery degradation.