It is essential that all sectors quickly adapt to the upcoming challenges of climate change and the new energy landscape, characterized by an increased use of renewable energy. Given that the heating sector constitutes a significant part of our total energy consumption, it faces a particular need to adapt to both stricter emission regulations and the growing integration of renewable energy sources within the energy system. This study focused on how a cogeneration company could take advantage of various technological innovations to adapt to the demands of the future. Through sensitivity analysis and mixed-integer linear programming (MILP) optimization, it proves that heat pumps and the combination of Carbon Capture and Storage (CCS) technology and Thermal Energy Storage (TES) are reliable and profitable investments to improve the flexibility and cost effectiveness of volatile energy systems, especially when electricity prices are low. In conclusion, both TES and heat pumps contribute to good system flexibility in cogeneration plants, which is important to meet the needs and challenges of the future.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:mdh-67783 |
| Date | January 2024 |
| Creators | Avonds, Sara |
| Publisher | Mälardalens universitet, Akademin för ekonomi, samhälle och teknik |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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