Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Preprint |
| Published: |
2025
|
| Subjects: | |
| Online Access: | https://arxiv.org/abs/2506.14252 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866908410647150592 |
|---|---|
| author | Galteland, Olav Hadler-Jacobsen, Jacob Kauko, Hanne |
| author_facet | Galteland, Olav Hadler-Jacobsen, Jacob Kauko, Hanne |
| contents | This study investigates the economic viability and optimal configuration of a hybrid industrial energy system combining an electrode boiler, steam accumulator, and battery energy storage system (BESS). This study optimizes system operation for a specific configuration to minimize net energy costs, defined as energy costs minus profits from price arbitrage and reserve markets. The optimization uses load shifting, peak shaving, and frequency containment reserve market participation with hourly 2024 data from Norway and Germany. Net present value (NPV) analysis was performed to determine the most cost-efficient energy storage configurations. The results show that current investment costs favor steam accumulators over BESS in both countries. However, a reduction in BESS cost will make batteries economically competitive, particularly in Germany, where high price volatility and power-based grid tariffs provide stronger incentives for load shifting and peak shaving. Participation in the FCR market accounted for a 17% and 7% reduction of the net energy costs in Norway and Germany, respectively. Utilization of excess heat, through inlet water preheating, further reduced the net energy costs. Sensitivity analyses confirm that investment costs, especially for BESS, strongly influence optimal system design. These findings offer guidance for industrial flexibility investments across diverse electricity markets. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2506_14252 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Techno-economic optimization of hybrid steam-electric energy systems with excess heat utilization and reserve market participation Galteland, Olav Hadler-Jacobsen, Jacob Kauko, Hanne Systems and Control This study investigates the economic viability and optimal configuration of a hybrid industrial energy system combining an electrode boiler, steam accumulator, and battery energy storage system (BESS). This study optimizes system operation for a specific configuration to minimize net energy costs, defined as energy costs minus profits from price arbitrage and reserve markets. The optimization uses load shifting, peak shaving, and frequency containment reserve market participation with hourly 2024 data from Norway and Germany. Net present value (NPV) analysis was performed to determine the most cost-efficient energy storage configurations. The results show that current investment costs favor steam accumulators over BESS in both countries. However, a reduction in BESS cost will make batteries economically competitive, particularly in Germany, where high price volatility and power-based grid tariffs provide stronger incentives for load shifting and peak shaving. Participation in the FCR market accounted for a 17% and 7% reduction of the net energy costs in Norway and Germany, respectively. Utilization of excess heat, through inlet water preheating, further reduced the net energy costs. Sensitivity analyses confirm that investment costs, especially for BESS, strongly influence optimal system design. These findings offer guidance for industrial flexibility investments across diverse electricity markets. |
| title | Techno-economic optimization of hybrid steam-electric energy systems with excess heat utilization and reserve market participation |
| topic | Systems and Control |
| url | https://arxiv.org/abs/2506.14252 |