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Plasma Assisted Combustion as a Cost-Effective Way for Balancing of Intermittent Sources: Techno-Economic Assessment for 200 MWel Power Unit
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Plasma Assisted Combustion as a Cost-Effective Way for Balancing of Intermittent Sources: Techno-Economic Assessment for 200 MWel Power Unit
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Plasma Assisted Combustion as a Cost-Effective Way for Balancing of Intermittent Sources: Techno-Economic Assessment for 200 MWel Power Unit
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Journal Article
Plasma Assisted Combustion as a Cost-Effective Way for Balancing of Intermittent Sources: Techno-Economic Assessment for 200 MWel Power Unit
2020
Overview
Due to the increasing installed power of the intermittent renewable energy sources in the European Union, increasing the operation flexibility of the generating units in the system is necessary. This is particularly important for systems with relatively large installed power of wind and solar. Plasma technologies can be used for that purpose. Nonetheless, the wide implementation of such technology should be economically justified. This paper shows that the use of plasma systems for increasing the flexibility of power units can be economically feasible, based on the results of a net present value analysis. The cost of the installation itself had a marginal effect on the results of the net present value analysis. Based on the performed analysis, the ability to lower the technical minimum of the power unit and the relationship between such a technical minimum and the installed power of a plasma system can be considered decisive factors influencing the economics of the investment for such an installation. Further research on better means of prediction of the minimum attainable load, which would allow determining the influence of implementation of a plasma system, is recommended. This will be the decisive factor behind future decisions regarding investing in such systems.
