Net Present Value Analysis of a Hybrid Gas Engine-Energy Storage System in the Balancing Mechanism

Net Present Value Analysis of a Hybrid Gas Engine-Energy Storage System in the Balancing Mechanism

There is the potential for hybridised gas engine-energy storage systems to participate in the Balancing Mechanism (BM) by offering a product that marries the advantages of both units. The higher price offerings are currently dominated by pumped storage (PS) assets. Given their high-flexibility, PS p...

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Bibliographic Details
Main Authors: Farhad Anvari-Azar, Dani Strickland, Neil Filkin, Harry Townshend
Format: Article
Language:English
Published: MDPI AG 2020-07-01
Series:Energies
Subjects:
gas engines
energy storage
balancing mechanism
energy management
NPV
Online Access:https://www.mdpi.com/1996-1073/13/15/3816

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https://www.mdpi.com/1996-1073/13/15/3816

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