News
Evaluating the chances of power-to-gas |
09.03.2012 |
Efficient storage technologies are regarded as key technology for managing the energy transition. With power-to-gas technology a long term power storage seems to technically feasible for the first time. At the ETP Energy Innovation Days on the 13th and 14th of March in Berlin, ProCom will show how to evaluate the chances of this pioneering technology in a company-specific manner.
From a social or ecological point of view there is hardly doubt for the “windgas” to be a promising technology. But the decision about the use of this technology is up to the companies from the energy industry, whose actions must align with economic criteria. There, it will ultimately be shown whether and when it will widely be established.
That means that on a corporate level an evaluation of several technical concepts and its economic potentials is necessary.
No easy task given the numerous options of actions for operators of such plants due to the coupling of electricity and gas grids.The interaction with regenerative and conventional power generation units as well as further storages leads to a complex convergence with many degrees of freedom and a variety of revenue opportunities on various markets.
A well founded evaluation of the profitability of power-to-gas plants must take into account the technical framework conditions and dependencies as well as the different market chances of this convergence.
At the ETP Energy Innovation Days on the 13th of March in representation of ProCom Christian Oertel will explain how, based on a techno-economic model using variants and scenario calculations, the chances of power-to-gas can be evaluated individually and company specific and how they can be clearly quantified.
This approach supplies transparency about chances and risks and gives answers to the following questions:
- At which prices (power, gas) and at which loads is my planned power-to-gas plant generating revenues?
- Which additional market chances (e.g. balancing energy) evolve?
- Which technical specification suits my company best?
- At which degrees of efficiency can I profitably apply the technology in my company?
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