balancing markets; battery energy storage; electrolyzer; gas market; PV
Abstract :
[en] According to the European Union strategies, efforts must be undertaken to replace fossil-fueled technologies with low-carbon and renewable ones by 2050. Alongside renewable energy sources, hydrogen gradually takes the lead in decarbonizing the energy sector. The paper presents an optimization model of a low-carbon power plant consisting of a battery storage, an electrolyzer and a PV plant, participating in the day-ahead electricity and gas markets. Additionally, the plant also takes part in reserve and balancing electricity markets. The influence of different sizes of battery storage and electrolyzer on the proposed system is evaluated, together with the impact of changes in market prices.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations
Disciplines :
Computer science Computer science Management information systems
Author, co-author :
Covic, Nikolina; University of Zagreb, Faculty of Electrical Engineering and Computing, Zagreb, Croatia
PAVIĆ, Ivan ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Pandzic, Hrvoje; University of Zagreb, Faculty of Electrical Engineering and Computing, Zagreb, Croatia
Androcec, Ivan; Croatian Power Utility - Hep D.d., Zagreb, Croatia
External co-authors :
yes
Language :
English
Title :
Multi-market Participation of a Renewable Power-to-Hydrogen Facility with Battery Storage
Original title :
[en] Multi-market Participation of a Renewable Power-to-Hydrogen Facility with Battery Storage
Publication date :
September 2022
Event name :
2022 International Conference on Smart Energy Systems and Technologies (SEST)
Event place :
Eindhoven, Nld
Event date :
05-09-2022 => 07-09-2022
By request :
Yes
Audience :
International
Main work title :
SEST 2022 - 5th International Conference on Smart Energy Systems and Technologies
Publisher :
Institute of Electrical and Electronics Engineers Inc.
This work was supported by the Croatian Science Foundation and European Union through the European Social Fund under project Flexibility of Converter-based Microgrids -– FLEXIBASE (PZS-2019-02-7747).
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