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The European energy policy is substantially driven by the target to reduce the CO 2 -emissions significantly and to mitigate climate change. Nevertheless European power generation is still widely based on fossil fuels. The carbon capture and storage technology (CCS) could be part of an approach to achieve ambitious CO 2 reduction targets without large scale transformations of the existing...
With increasing amounts of power generation from intermittent sources like wind and solar, capacity planning has not only to account for the expected load variations but also for the stochastics of volatile power feed-in. Moreover investments in power generation are no longer centrally planned in deregulated power markets but rather decided on competitive grounds by individual power companies. This...
In recent years, climate protection has played a growing if not even dominating role in the European energy policy and beyond. In this context, carbon capture and storage (CCS) is discussed as one possible approach to decrease CO2 emissions. Within this article an approach is presented which allows assessing the relevance of CCS, taking into account alternative abatement measures as well as transportation...
In this paper the costs of integrating fluctuating sources like wind or solar into an existing electricity system are quantified using a systematic, theoretically well-founded approach. The paper notably stresses that this requires to measure integration costs against some reference technology and it highlights the link between integration costs and changes in system costs. The costs related to wind...
In portfolio optimization including CHP plants, the heat demand provides a power plant overwhelming restriction. Thus usual real option approaches used for valuing conventional power plants cannot be applied directly. But on the other hand, the operation of CHP systems in liberalized electricity markets has also to take into account uncertain power prices in addition to uncertain heat and electricity...
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