Bio-based CHP as profitable technology for balancing the energy system

Aim and goal

The purpose of the project is that actors can easily determine whether flexible bio-based power generation can be efficient, profitable and successful for balancing in a system of high levels of weather-dependent production. The aim of the project is to produce a decision basis showing the income levels which is required for different technology solutions and fuels for flexible bio-based CHP to be profitable, and under what market conditions these levels are achieved.

Challenge

A key issue for the future's fully renewable energy system, with a high proportion of intermittent power generation, is how to provide the flexibility needed to balance the system. Tools to achieve this are crucial to ensuring robustness and flexibility in society's energy supply.

Solution

The project connects available and new knowledge of technology, electricity market and system services, as well as risk analysis and investment assessments.

Effect

The result will be a tool for calculating potential revenues and reduced costs in actual or predicted system and market positions for the individual operator.