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Records with Type: Published Article
17643. LAPSE:2023.21491
Stationary Energy Storage System for Fast EV Charging Stations: Optimality Analysis and Results Validation
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: electric vehicles, energy storage system, fast-charging station, optimality analysis, performance evaluation.
In order to minimize the peak load of electric vehicles (EVs) and enhance the resilience of fast EV charging stations, several sizing methods for deployment of the stationary energy storage system (ESS) have been proposed. However, methods for assessing the optimality of the obtained results and performance of the determined sizes under different conditions are missing. In order to address these issues, a two-step approach is proposed in this study, which comprises of optimality analysis and performance evaluation steps. In the case of optimality analysis, random sizes of battery and converter (scenarios) are generated using Monte Carlo simulations and their results are compared with the results of sizes obtained from sizing methods. In order to carry out this analysis, two performance analysis indices are proposed in this study, which are named the cost index and the power index. These indices respectively determine the performance of the determined sizes in terms of total network cos... [more]
17644. LAPSE:2023.21490
Supplementary Control of Air−Fuel Ratio Using Dynamic Matrix Control for Thermal Power Plant Emission
March 22, 2023 (v1)
Subject: Process Control
Keywords: air–fuel ratio, combustion control, dynamic matrix control, power plant control.
This paper proposes a supplementary control for tighter control of the air−fuel ratio (AFR), which directly affects the environmental emissions of thermal power plants. Dynamic matrix control (DMC) is applied to the supplementary control of the existing combustion control loops and the conventional double cross limiting algorithm for combustion safety is formulated as constraints in the proposed DMC. The proposed supplementary control is simulated for a 600-MW drum-type power plant and 1000 MW ultra-supercritical once-through boiler power plant. The results show the tight control of the AFR in both types of thermal power plants to reduce environmental emissions.
17645. LAPSE:2023.21489
Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry?
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: China, energy misallocation, industrial green transformation, renewable energy consumption.
The trade-off between economic growth and ecological improvement has always become an important and difficult issue for many countries, especially for developing countries. Due to a long-term extensive economic growth pattern, the regional resource allocation deviates from the optimal, especially the existence of energy misallocation, which hinders the maximization of economic output. Therefore, considering the characteristics and heterogeneity of resource endowments in different regions and increasing renewable energy consumption, that is, promoting energy transition, is it capable of sustainable development under China’s actual conditions? The exploration of the issue is a core step in the research of the impact of renewable energy on industrial green transformation. Based on the panel data of 30 regions in China from 2009 to 2016, this paper constructs a threshold model from the perspective of regional energy misallocation and empirically tests the nonlinear mechanism of renewable e... [more]
17646. LAPSE:2023.21488
Integral Sliding-Mode Control-Based Direct Power Control for Three-Level NPC Converters
March 22, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: extended state observer, integral sliding-mode control, radial basis function neural network, three-level neutral-point-clamped converter.
Three-level neutral-point-clamped (NPC) converter is widely used in energy conversion systems due to its good properties for high-power systems presenting output waveforms with reduced harmonic distortion. To obtain better system performance, an integral sliding-mode control (ISMC)-based direct power control (DPC) strategy is proposed for NPC converters. The controller achieves three objectives. First, an extended state observer (ESO)-based ISMC strategy, to enforce the active and reactive power to their reference values, is applied in the power tracking loop. ESO is used to reduce the influence of parameter uncertainties. Next, in the voltage regulation loop, a radial basis function neural network (RBFNN)-based adaptive ISMC strategy is applied to regulate the DC-link voltage. RBFNN is used to estimate the load variation, which is considered as a disturbance, to improve the system disturbance rejection ability. An adaptive law is used in the controller to reduce the chattering of refe... [more]
17647. LAPSE:2023.21487
Tailored Algorithms for Anomaly Detection in Photovoltaic Systems
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: anomaly detection, orientation, PV systems, shading, time-series.
The fastest-growing renewable source of energy is solar photovoltaic (PV) energy, which is likely to become the largest electricity source in the world by 2050. In order to be a viable alternative energy source, PV systems should maximise their efficiency and operate flawlessly. However, in practice, many PV systems do not operate at their full capacity due to several types of anomalies. We propose tailored algorithms for the detection of different PV system anomalies, including suboptimal orientation, daytime and sunrise/sunset shading, brief and sustained daytime zero-production, and low maximum production. Furthermore, we establish simple metrics to assess the severity of suboptimal orientation and daytime shading. The proposed detection algorithms were applied to a set of time-series of electricity production in Portugal, which are based on two periods with distinct weather conditions. Under favourable weather conditions, the algorithms successfully detected most of the time-series... [more]
17648. LAPSE:2023.21486
Comparative Analysis of On-Board Methane and Methanol Reforming Systems Combined with HT-PEM Fuel Cell and CO2 Capture/Liquefaction System for Hydrogen Fueled Ship Application
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: electrical efficiency, Exergy Efficiency, Liquified Natural Gas, steam methane reforming, steam methanol reforming.
This study performs energetic and exergetic comparisons between the steam methane reforming and steam methanol reforming technologies combined with HT-PEMFC and a carbon capture/liquefaction system for use in hydrogen-fueled ships. The required space for the primary fuel and captured/liquefied CO2 and the fuel cost have also been investigated to find the more advantageous system for ship application. For the comparison, the steam methane reforming-based system fed by LNG and the steam methanol reforming-based system fed by methanol have been modeled in an Aspen HYSYS environment. All the simulations have been conducted at a fixed Wnet, electrical (475 kW) to meet the average shaft power of the reference ship. Results show that at the base condition, the energy and exergy efficiencies of the methanol-based system are 7.99% and 1.89% higher than those of the methane-based system, respectively. The cogeneration efficiency of the methane-based system is 7.13% higher than that of the methan... [more]
17649. LAPSE:2023.21485
Harvesting Energy from Planetary Gear Using Piezoelectric Material
March 22, 2023 (v1)
Subject: Materials
Keywords: energy harvester excitation elements, interchangable planet cover, piezoelectric, planetary gear, rotational energy harvesting.
In the present study, a rotational piezoelectric (PZT) energy harvester has been designed, fabricated and tested. The design can enhance output power by frequency up-conversion and provide the desired output power range from a fixed input rotational speed by increasing the interchangeable planet cover numbers which is the novelty of this work. The prototype ability to harvest energy has been evaluated with four experiments, which determine the effect of rotational speed, interchangeable planet cover numbers, the distance between PZTs, and PZTs numbers. Increasing rotational speed shows that it can increase output power. However, increasing planet cover numbers can increase the output power without the need to increase speed or any excitation element. With the usage of one, two, and four planet cover numbers, the prototype is able to harvest output power of 0.414 mW, 0.672 mW, and 1.566 mW, respectively, at 50 kΩ with 1500 rpm, and 6.25 Hz bending frequency of the PZT. Moreover, when th... [more]
17650. LAPSE:2023.21484
Analysis and Implementation of a Phase-Shift Pulse-Width Modulation Converter with Auxiliary Winding Turns
March 22, 2023 (v1)
Subject: Process Operations
Keywords: full-bridge converter, power converter, PS-PWM (Phase-shift pulse-width modulation).
A phase-shift pulse-width modulation converter is studied and investigated for railway vehicle or solar cell power converter applications with wide voltage operation. For railway vehicle applications, input voltage range of dc converters is requested to have 30−40% voltage variation of the nominal input voltage. The nominal input voltages of dc converters on railway vehicles applications may be 37.5 V, 48 V, 72 V, 96 V and 110 V. Therefore, a new dc converter with wide input voltage operation from 25 to 150 V is presented to withstand different nominal input voltage levels such as 37.5−110 V on railway power units. To realize wide input voltage operation, an auxiliary switch and auxiliary transformer windings are used on output side of conventional full-bridge converter to have different voltage gains under different input voltage values. Phase-shift pulse-width modulation is adopted in the developed dc converter to accomplish soft switching operation on power switches. To confirm and... [more]
17651. LAPSE:2023.21483
Fault Analysis and Design of a Protection System for a Mesh Power System with a Co-Axial HTS Power Cable
March 22, 2023 (v1)
Subject: Process Design
Keywords: coordinated protections, high-temperature superconducting (HTS) cable, protective relays.
The uses of high-temperature superconducting (HTS) cables pose a challenge of power system protection since the impedance of the HTS cable is varied during fault conditions. The protection systems should be designed properly to ensure the reliability and stability of the whole system. This paper presents a fault analysis of the co-axial HTS cable in the mesh system and proposes a coordinated protection system. In the proposed protection system, the main protection is the differential current relay whereas the backup protections are the overcurrent and directional overcurrent relays. The normal and abnormal relay operations are considered to analyze the transient fault current in the HTS cable and evaluate the performance of the proposed coordinated protection system. Characteristics of cable impedances and temperatures under various fault conditions are presented. The proposed protection scheme is validated by the simulation in the PSCAD/EMTDC program. Simulation results show that the... [more]
17652. LAPSE:2023.21482
The Research on a Driving Device for Natural Gas Hydrate Pressure Core
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: deformation, lead screw, MEMS accelerometer array, natural gas hydrate, rotation, translation.
Precise pressure core motion, including translation and rotation, is the basis and core part of the Analysis and Transfer System of Natural Gas Hydrate Pressure Core, which is crucial to nondestructive analyses, core cutting, and transfer. This paper mainly proposes a driving device, whereby a pressure core, up to 3 m long, can be transferred from pressure core drilling tools to proceed to nondestructive analyses and transferring the cores into other chambers. The lead screw is one of the most important components of this driving device. Therefore, the modal analyses of the lead screw are performed, which can help researchers to analyze the stability of this device. The analyzed data shows that the different positions of the slider have a great impact on the natural frequency of the lead screw. Furthermore, the lead screw with a support slider has a larger natural frequency than that without a support slider. According to data analysis, we can derive that the device with the support sl... [more]
17653. LAPSE:2023.21481
Pro-Environmental Energy Behavior in the Military: Assessing Behavior Change Factors at a Selected Military Unit
March 22, 2023 (v1)
Subject: Environment
Keywords: behavioral change, collective behavior, COM-B, conscripts, energy security, energy usage, military energy behavior, pro-environmental behavior, professional soldiers.
The purpose of this study is to explore how pro-environmental energy behavior is manifested at a military unit and what behavioral change factors can enhance such behavior. The military unit represents an organization dominated by an exceptionally strong sense of community and belonging where individual pro-environmental energy behavior goes in line with a collective one. The application of Capability-Opportunity-Motivation-Behavior (COM-B) approach led to a better understanding of energy-saving behavior in the military as an organization where personnel are trained to increase their awareness of their peers’ behavior. Methods: The results were obtained using data collected from two independent samples of both professional soldiers and conscripts at a military unit of Lithuanian defense forces located in a fixed installation in the time frame of 2018−2019. The total sample of respondents (professional soldiers and conscripts) was N = 454. A series of statistical tests were performed at... [more]
17654. LAPSE:2023.21480
NOx Emissions from Euro 5 and Euro 6 Heavy-Duty Diesel Vehicles under Real Driving Conditions
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: heavy-duty diesel vehicles, in-service conformity, NOx, portable emission measurement system, real driving emissions, vehicle emissions standards.
Despite the strengthening of vehicle emissions standards and test methods, nitrogen oxide (NOx) emissions from on-road mobile sources are not being notably reduced. The introduction of real driving emission (RDE) regulations is expected to reduce the discrepancy between emission regulations and actual air pollution. To analyze the effects of RDE regulations on heavy-duty diesel vehicles, pollutants emitted while driving were measured using a portable emission measurement system (PEMS) for Euro 5 and Euro 6 vehicles, which were produced before and after RDE regulations, respectively. NOx emissions were compared as a function of emissions allowance standards, gross vehicle weight (GVW), average vehicle speed, and ambient temperature. NOx emissions from Euro 6 vehicles were found to be low, regardless of GVW; emissions from both vehicular categories increased with a decline in the average speed. To reflect real road driving characteristics more broadly in the RDE test method for heavy-dut... [more]
17655. LAPSE:2023.21479
A Novel Ensemble Algorithm for Solar Power Forecasting Based on Kernel Density Estimation
March 22, 2023 (v1)
Subject: Energy Management
Keywords: distributed generation, ensemble methods, forecasting, kernel density estimation, smart grids, solar PV.
A novel ensemble algorithm based on kernel density estimation (KDE) is proposed to forecast distributed generation (DG) from renewable energy sources (RES). The proposed method relies solely on publicly available historical input variables (e.g., meteorological forecasts) and the corresponding local output (e.g., recorded power generation). Given a new case (with forecasted meteorological variables), the resulting power generation is forecasted. This is performed by calculating a KDE-based similarity index to determine a set of most similar cases from the historical dataset. Then, the outputs of the most similar cases are used to calculate an ensemble prediction. The method is tested using historical weather forecasts and recorded generation of a PV installation in Portugal. Despite only being given averaged data as input, the algorithm is shown to be capable of predicting uncertainties associated with high frequency weather variations, outperforming deterministic predictions based on... [more]
17656. LAPSE:2023.21478
Spatiotemporal Characterization and Suppression Mechanism of Supersonic Inlet Buzz with Proper Orthogonal Decomposition Method
March 22, 2023 (v1)
Subject: Materials
Keywords: modal energy, POD, spatiotemporal characterization, supersonic inlet buzz.
The buzz phenomenon of a typical supersonic inlet is analyzed using the unsteady Reynolds Average Navier-Stokes (RANS) simulation and proper orthogonal decomposition (POD) method. The dominant flow patterns and characteristics of the buzzed flow are obtained by decoupling the computed pressure field into spatial and temporal sub-parts based on the POD method. The supersonic inlet buzz phenomenon could be approximated as a product of decoupled temporal and spatial terms, and the one-dimensional (1D) mathematical model is therefore proposed. The standard deviations of the unsteady pressure fields from both the numerical simulation and the model prediction are compared. The limited discrepancy can be observed, and the good agreement validates the credibility of the proposed 1D model. The numerical simulation and the 1D model prediction are presented to explore the unsteady-jet control with a small perturbation. The results of the 1D model and the numerical simulation achieve good agreemen... [more]
17657. LAPSE:2023.21477
Optimization of Construction Duration and Schedule Robustness Based on Hybrid Grey Wolf Optimizer with Sine Cosine Algorithm
March 22, 2023 (v1)
Subject: Planning & Scheduling
Keywords: construction duration, critical chain method, hybrid grey wolf optimizer with sine cosine algorithm, optimization model, schedule robustness, STC method.
Construction duration and schedule robustness are of great importance to ensure efficient construction. However, the current literature has neglected the importance of schedule robustness. Relatively little attention has been paid to schedule robustness via deviation of an activity’s starting time, which does not consider schedule robustness via structural deviation caused by the logical relationships among activities. This leads to a possibility of deviation between the planned schedule and the actual situation. Thus, an optimization model of construction duration and schedule robustness is proposed to solve this problem. Firstly, duration and two robustness criteria including starting time deviation and structural deviation were selected as the optimization objectives. Secondly, critical chain method and starting time criticality (STC) method were adopted to allocate buffers to the schedule in order to generate alternative schedules for optimization. Thirdly, hybrid grey wolf optimiz... [more]
17658. LAPSE:2023.21476
Analysis of Non-Equilibrium and Equilibrium Models of Heat and Moisture Transfer in a Wet Porous Building Material
March 22, 2023 (v1)
Subject: Materials
Keywords: building material, drying, equilibrium model, heat and moisture transfer, non-equilibrium model, numerical modeling, porous material.
In the proposed paper, non-equilibrium and equilibrium models of heat and moisture transfer through wet building materials are presented and compared. In the former, the mass transfer between liquid and gaseous moisture results from the difference between the partial pressure of water vapor and its saturation value. In the second model, the equilibrium between both phases is assumed. In the non-equilibrium model, liquid moisture can be in the continuous (funicular) or discontinuous (pendular) form. The transfer of moisture for each proposed model is tightly coupled with the energy transfer, which is assumed to be an equilibrium process. The time step and grid size sensitivity analysis of both numerical models are performed primarily. The verification of the model is based also on the numerical data available in literature. Finally, obtained with considered models, temporal variations of moisture content in three locations in the computational domain are compared. Reasonable conformity... [more]
17659. LAPSE:2023.21475
Memory Effect and Fractional Differential Dynamics in Planar Microsupercapacitors Based on Multiwalled Carbon Nanotube Arrays
March 22, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: anomalous diffusion, distributed-order subdiffusion, equivalent circuit, fractional derivative, supercapacitor.
The development of portable electronic devices has greatly stimulated the need for miniaturized power sources. Planar supercapacitors are micro-scale electrochemical energy storage devices that can be integrated with other microelectronic devices on a chip. In this paper, we study the behavior of microsupercapacitors with in-plane interdigital electrodes of carbon nanotube array under sinusoidal excitation, step voltage input and sawlike voltage input. Considering the anomalous diffusion of ions in the array and interelectrode space, we propose a fractional-order equivalent circuit model that successfully describes the measured impedance spectra. We demonstrate that the response of the investigated micro-supercapacitors is linear and the system is time-invariant. The numerical inversion of the Laplace transforms for electric current response in an equivalent circuit with a given impedance leads to results consistent with potentiostatic measurements and cyclic voltammograms. The use of... [more]
17660. LAPSE:2023.21474
Effect of Syngas Composition on the Combustion and Emissions Characteristics of a Syngas/Diesel RCCI Engine
March 22, 2023 (v1)
Subject: Energy Systems
Reactivity controlled compression ignition (RCCI) strategy uses two different fuels with different reactivities which provides more control over the combustion process and has the potential to dramatically lower combustion temperature and NOX and PM emissions. The objective of the present study is to numerically investigate the impact of syngas composition on the combustion and emissions characteristics of an RCCI engine operating with syngas/diesel at constant energy per cycle. For this purpose, different syngas compositions produced through gasification process have been chosen for comparison with the simulated syngas (mixture of hydrogen and carbon monoxide). The results obtained indicate that using syngas results in more soot, CO and UHC emissions compared with simulated syngas. Even though more NOX reduction can be achieved while operating with syngas, the engine could suffer from poor combustion and misfire at low loads due to the presence of nitrogen in the mixture. In terms of... [more]
17661. LAPSE:2023.21473
Study on the Pressure-Bearing Law of Backfilling Material Based on Three-Stage Strip Backfilling Mining
March 22, 2023 (v1)
Subject: Materials
Keywords: backfilling material, numerical simulation, pressure in the backfilling material, strip backfilling mining, thin-plate theory.
During strip backfilling mining in coal mines, the backfilling material is the main support structure. Therefore, studying the pressure law of the backfilling material is essential for the safe and efficient mining of coal resources. Based on research into strip backfilling mining at working face number 3216 of the Shanghe Coal Mine, and to smooth transition of overlying strata loads to the backfilling material, this study proposes a three-stage strip backfilling mining method. Based on thin-plate theory, an elastic thin-plate model, a reasonable spacing of strip mining is constructed, and the reasonable mining parameters of “mining 7 m to retain 8 m” at working face number 3216 of the Shanghe Coal Mine are determined. The law of backfilling pressure in three-stage strip backfilling mining is studied through numerical simulation and physical simulation experiments. The results show that field measurement results are basically consistent with the experimental results and numerical simul... [more]
17662. LAPSE:2023.21472
Optimization of A Swirl with Impingement Compound Cooling Unit for A Gas Turbine Blade Leading Edge
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: blade leading edge, compound cooling, gas turbine, impingement cooling, swirl cooling.
In this article, a compound unit of swirl and impingement cooling techniques is designed to study the performance of flow and heat transfer using multi-conical nozzles in a leading-edge of a gas turbine blade. Reynolds Averaged Navier-Stokes equations and the Shear Stress Transport model are numerically solved under different nozzle Reynolds numbers and temperature ratios. Results indicated that the compound cooling unit could achieve a 99.7% increase in heat transfer enhancement by increasing the nozzle Reynolds number from 10,000 to 25,000 at a constant temperature ratio. Also, there is an 11% increase in the overall Nusselt number when the temperature ratio increases from 0.65 to 0.95 at identical nozzle Reynolds number. At 10,000 and 15,000 of nozzle Reynolds numbers, the compound cooling unit achieves 47.9% and 39.8% increases and 63.5% and 66.3% increases in the overall Nusselt number comparing with the available experimental swirl and impingement models, respectively. A correlat... [more]
17663. LAPSE:2023.21471
Measurement of the PMSM Current with a Current Transducer with DSP and FPGA
March 22, 2023 (v1)
Subject: Other
Keywords: analogue-to-digital converter (ADC), current transducer, digital signal processor (DSP), field-programmable gate array (FPGA), measurement, permanent magnet synchronous motor (PMSM).
In the present work, two approaches for the phase current measurement of a permanent magnet synchronous motor (PMSM) were compared. The measured phase current was distorted by glitches, and a software method to eliminate these glitches was necessary. An averaging of samples was carried out, and the experimental results indicated that averaging was essential for further calculations. Moreover, the PMSM operated smoothly, and the difference between the set point and the actual speed was reduced for the full range of loads from the free run up to a full load. The increasing popularity of field-programmable gate array (FPGA) devices has encouraged developments in PMSM controllers using a direct hardware approach and the classic software approach utilizing a digital signal processor unit. In this study, the selected performance of TMS320F2812 and Spartan-3E were compared. This paper proposes an original adaptive correction method for a current transducer.
17664. LAPSE:2023.21470
Planning an Energy−Water−Environment Nexus System in Coal-Dependent Regions under Uncertainties
March 22, 2023 (v1)
Subject: Planning & Scheduling
Keywords: ARIMA, energy–water–environment nexus system, lifecycle carbon dioxide emissions, Monte Carlo simulation, type-2 fuzzy sets.
Energy, water, and environment are inextricably interwoven in the complex social and economic networks. This study proposes an optimization model for planning the energy−water−environment nexus system (EWENS) through incorporating the linear autoregressive integrated moving average model prediction model (ARIMA), Monte Carlo simulation, chance-constrained programming (CCP), and type-2 fuzzy programming (T2FP) into one general framework. This method effectively tackles type-2 fuzzy set and stochastic uncertainties. The proposed model can quantitatively explore the interconnections between water, energy, and environment systems and generate an optimized solution for EWENS. The proposed model was applied to a coal-dominated region of China, i.e., Inner Mongolia. Several findings and policy implications were obtained. First, the total water supply for energy-generating activities will range from 1368.10 × 106 m3 to 1370.62 × 106 m3, at the end of planning periods. Second, the electricity f... [more]
17665. LAPSE:2023.21469
Internal Flow Analysis of a Heat Transfer Enhanced Tube with a Segmented Twisted Tape Insert
March 22, 2023 (v1)
Subject: Modelling and Simulations
Keywords: heat transfer enhancement, length ratio, numerical simulation, segmented twisted tape, twist ratio.
A heat exchanger is a device that transfers unneeded heat from one region to another, and transferred heat may be fully reused, thus improving energy efficiency. To augment this positive process, many studies and investigations on automation technologies have been performed. Inserts are widely used in pipe flow for heat transfer enhancement, since they can break the boundary layer and promote the heat exchange. Segmented twisted tape, which is applicable in 3D printing, is a novel insert and has potential in heat transfer enhancement. To clarify its advantages and disadvantages, this research presents a numerical investigation of vortex flow and heat enhancement in pipes containing one segmented twisted element. Flow state and heat transfer behaviour are obtained by simulation under constant wall temperature with different Reynolds numbers, ranging from 10,000 to 35,000. The effects of geometric parameters, including twist ratio (P/D = 2.0, 3.3 and 4.6) and length ratio (L/P = 0.3, 0.5... [more]
17666. LAPSE:2023.21468
Simulation Study to Investigate the Effects of Operational Conditions on Methylcyclohexane Dehydrogenation for Hydrogen Production
March 22, 2023 (v1)
Subject: Modelling and Simulations
Keywords: Aspen HYSYS, dehydrogenation, Energy, LOHC, methylcyclohexane, Simulation.
In the recent era, hydrogen has gained immense consideration as a clean-energy carrier. Its storage is, however, still the main hurdle in the implementation of a hydrogen-based clean economy. Liquid organic hydrogen carriers (LOHCs) are a potential option for hydrogen storage in ambient conditions, and can contribute to the clean-fuel concept in the future. In the present work, a parametric and simulation study was carried out for the storage and release of hydrogen for the methylcyclohexane toluene system. In particular, the methylcyclohexane dehydrogenation reaction is investigated over six potential catalysts for the temperature range of 300−450 °C and a pressure range of 1−3 bar to select the best catalyst under optimum operating conditions. Moreover, the effects of hydrogen addition in the feed mixture, and byproduct yield, are also studied as functions of operating conditions. The best catalyst selected for the process is 1 wt. % Pt/γ-Al2O3. The optimum operating conditions selec... [more]
17667. LAPSE:2023.21467
Balancing Generation from Renewable Energy Sources: Profitability of an Energy Trader
March 22, 2023 (v1)
Subject: Energy Systems
Keywords: balancing market, contract design, day-ahead market, electricity price, profitability, RES generation, Sharpe ratio, trading strategy, Value-at-Risk, wind power forecast.
Motivated by a practical problem faced by an energy trading company in Poland, we investigate the profitability of balancing intermittent generation from renewable energy sources (RES). We consider a company that buys electricity generated by a pool of wind farms and pays their owners the day-ahead system price minus a commission, then sells the actually generated volume in the day-ahead and balancing markets. We evaluate the profitability (measured by the Sharpe ratio) and market risk faced by the energy trader as a function of the commission charged and the adopted trading strategy. We show that publicly available, country-wide RES generation forecasts can be significantly improved using a relatively simple regression model and that trading on this information yields significantly higher profits for the company. Moreover, we address the issue of contract design as a key performance driver. We argue that by offering tolerance range contracts, which transfer some of the risk to wind fa... [more]
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