In this paper we model the economic feasibility of compressed air energy storage (CAES) to improve wind power integration by means of a profit-maximizing algorithm. The Base Case is a wind park with 100MW of installed capacity and no storage facility. In Variant 1 we add a central CAES system...

This paper investigates whether coal-fired Integrated Gasification Combined-Cycle (IGCC) power plants can be an economically viable future technology for providing less carbon-intensive electricity and heat energy in Germany than today. In the context of CO2 emission mitigation in power...

In this paper we study the economic feasibility of constructing a 560MW coal-fired power plant in Turkey, using real options theory [1]. We start from a short review of the Turkish electricity market as well as the literature on real options theory and power plant investment. We then investigate...

In this paper, we investigate the development and economic potential of the photobioreactor (PBR) technology for energy purposes, i.e. production of hydrogen or biofuels. The approach adopted is to consider the technology, its expected costs and revenues, and related risks from an investor...

In this paper, we investigate the economic viability of hydrogen storage for excess electricity produced in wind power plants. For the analysis, we define two scenarios (50MW system with and without re-electrification unit) and apply Monte Carlo simulation and real options analysis (ROA) to...