A dual-energy electron storage ring is a novel concept initially proposed to cool hadron beams at high energies. The design consists of two closed rings operating at significantly different energies: the low-energy ring and the high-energy ring. These two rings are connected by an energy recovery linac (ERL) that provides the necessary energy difference. The ERL features superconducting radio-frequency (SRF) cavities that first accelerate the beam from the low energy EL to the high energy EH and then decelerate the beam from EH to EL in the next pass. The different SRF cavities in the ERL section can be adjusted based on the applications. In this paper, we present a possible layout of a dual-energy electron storage ring. The preliminary optics of the ring is designed to optimize chromaticity correction, dynamic aperture, momentum aperture, beam lifetime, radiation damping, and intrabeam scattering effects. The primary focus of this paper is on the stability conditions and beam dynamics studies associated with this storage ring. Published by the American Physical Society 2024
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