Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland
Expanding variable renewable electricity generation can reduce CO2 emissions, but is weather dependent and intermittent (not always available) and may cause increased price volatility. Electricity storage seems a probable solution by time shifting peak generation to peak loads. Between 2011-2016 uti...
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ftskemman:oai:skemman.is:1946/30596 2023-05-15T17:42:23+02:00 Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland Heinonen, Tero Atso Johannes, 1981- Háskóli Íslands 2018-05 application/pdf http://hdl.handle.net/1946/30596 en eng http://hdl.handle.net/1946/30596 Umhverfis- og auðlindafræði Raforka Rafhlöður Endurnýjanleg orka Koltvíoxíð Thesis Master's 2018 ftskemman 2022-12-11T06:56:20Z Expanding variable renewable electricity generation can reduce CO2 emissions, but is weather dependent and intermittent (not always available) and may cause increased price volatility. Electricity storage seems a probable solution by time shifting peak generation to peak loads. Between 2011-2016 utility-scale lithium-ion batteries’ global cumulative capacity has increased fourfold while their cost has halved. Experience curve analysis of future decline suggest next halving by 2030. This, with other inputs, were used in 3 separate simulations (HOMER Pro software) to meet the load of 3 different sized rural communities in northern Finland. Including a battery in a system design lead to 1-2% increase (decrease) in NPC (in CO2 emissions), but results is sensitive to assumptions on local distribution and to some battery characteristics. Current system, sourcing electricity only form the grid, was found to clearly minimize NPC. Cost and 3 other criteria were identified to reflect community interests and preferences. Multi-criteria decision analysis compared 4 simulated alternatives – grid, net self-sufficiency (NSS), 30% local renewable and 30% local renewable with battery – in respect to the identified criteria using TOPSIS framework. Result wasn’t clear and depended on selection of framework for weighting the criteria. Future research could consider performance and full life cycle environmental impacts of batteries and compare to supplementary products: demand side management, increased transmission capacity, non-intermittent local renewable technologies and other forms of storage. Integration of electricity distribution and wider energy markets could enhance the analysis. Nonetheless, this study well demonstrated batteries’ ability to reasonably provide time shifting service. Thesis Northern Finland Skemman (Iceland) |
institution |
Open Polar |
collection |
Skemman (Iceland) |
op_collection_id |
ftskemman |
language |
English |
topic |
Umhverfis- og auðlindafræði Raforka Rafhlöður Endurnýjanleg orka Koltvíoxíð |
spellingShingle |
Umhverfis- og auðlindafræði Raforka Rafhlöður Endurnýjanleg orka Koltvíoxíð Heinonen, Tero Atso Johannes, 1981- Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland |
topic_facet |
Umhverfis- og auðlindafræði Raforka Rafhlöður Endurnýjanleg orka Koltvíoxíð |
description |
Expanding variable renewable electricity generation can reduce CO2 emissions, but is weather dependent and intermittent (not always available) and may cause increased price volatility. Electricity storage seems a probable solution by time shifting peak generation to peak loads. Between 2011-2016 utility-scale lithium-ion batteries’ global cumulative capacity has increased fourfold while their cost has halved. Experience curve analysis of future decline suggest next halving by 2030. This, with other inputs, were used in 3 separate simulations (HOMER Pro software) to meet the load of 3 different sized rural communities in northern Finland. Including a battery in a system design lead to 1-2% increase (decrease) in NPC (in CO2 emissions), but results is sensitive to assumptions on local distribution and to some battery characteristics. Current system, sourcing electricity only form the grid, was found to clearly minimize NPC. Cost and 3 other criteria were identified to reflect community interests and preferences. Multi-criteria decision analysis compared 4 simulated alternatives – grid, net self-sufficiency (NSS), 30% local renewable and 30% local renewable with battery – in respect to the identified criteria using TOPSIS framework. Result wasn’t clear and depended on selection of framework for weighting the criteria. Future research could consider performance and full life cycle environmental impacts of batteries and compare to supplementary products: demand side management, increased transmission capacity, non-intermittent local renewable technologies and other forms of storage. Integration of electricity distribution and wider energy markets could enhance the analysis. Nonetheless, this study well demonstrated batteries’ ability to reasonably provide time shifting service. |
author2 |
Háskóli Íslands |
format |
Thesis |
author |
Heinonen, Tero Atso Johannes, 1981- |
author_facet |
Heinonen, Tero Atso Johannes, 1981- |
author_sort |
Heinonen, Tero Atso Johannes, 1981- |
title |
Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland |
title_short |
Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland |
title_full |
Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland |
title_fullStr |
Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland |
title_full_unstemmed |
Cost Optimizing Simulation and Multi-Criteria Decision Analysis on Batteries’ Prospects - A case study of Time Shifting Local Variable Renewable Generation in Northern Finland |
title_sort |
cost optimizing simulation and multi-criteria decision analysis on batteries’ prospects - a case study of time shifting local variable renewable generation in northern finland |
publishDate |
2018 |
url |
http://hdl.handle.net/1946/30596 |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_relation |
http://hdl.handle.net/1946/30596 |
_version_ |
1766144231936622592 |