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Techno-Economic Assessment of CO2-Based Power to Heat to Power Systems for Industrial Applications
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Heat and Power Technology.ORCID iD: 0000-0003-4932-7103
TGP—Department of Mechanical Engineering, University of Genoa , Via all'Opera Pia, 15, Genoa 16145, Italy.ORCID iD: 0000-0001-5865-147X
TGP—Department of Mechanical Engineering, University of Genoa , Via all'Opera Pia, 15, Genoa 16145, Italy.ORCID iD: 0009-0004-2748-9368
TGP—Department of Mechanical Engineering, University of Genoa , Via all'Opera Pia, 15, Genoa 16145, Italy.ORCID iD: 0000-0001-6643-9989
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2023 (English)In: Journal of engineering for gas turbines and power, ISSN 0742-4795, E-ISSN 1528-8919, Vol. 145, no 12Article in journal (Refereed) Published
Abstract [en]

The industrial sector is a major source of wealth, producing about one-quarter of the global gross product. However, industry is also a major emitter of CO2 and it represents a key challenge toward achieving the worldwide CO2 emission reduction targets. Nowadays, about 22% of the overall energy demand is heating for the industrial sector, generating about 40% of the global CO2 emissions. Additionally, 30% of the final energy demand of the industrial sector is electricity. Solutions to decarbonize the industrial sector are needed. This work presents the techno-economic assessment of four different molten salts-based power-to-heat-to-heat and power solutions aiming at decarbonizing the industrial sector, requiring medium-temperature heat. The systems are studied under different electric markets. Dispatch strategies and system sizing are identified to ensure optimal techno-economic performance. The main performance indicators investigated are the levelized cost of heat and electricity (LCoH and LCoE), the operational expenditure, and the attainable savings with respect to alternative business-as-usual solutions. The results highlight that the proposed system can be cost-competitive, particularly in markets characterized by low electricity prices and high daily price fluctuations, such as Finland. In these locations, LCoEas low as 100 e/MWh and LCoH lower than 55 e/MWh can be attained by the base system configuration. The introduction of high-temperature heat pumps can provide further reduction of about 50%. This study sets the ground for further power-to-heat-to-heat and power techno-economic investigations addressing different industrial sectors and identifies main system design strategies.

Place, publisher, year, edition, pages
ASME International , 2023. Vol. 145, no 12
Keywords [en]
Thermal Energy Storage, Power to Heat, CO2 power cycle
National Category
Energy Engineering
Research subject
Energy Technology
Identifiers
URN: urn:nbn:se:kth:diva-338374DOI: 10.1115/1.4063418ISI: 001124070700006Scopus ID: 2-s2.0-85183933990OAI: oai:DiVA.org:kth-338374DiVA, id: diva2:1806486
Projects
RIHOND - Renewable Heat on Demand
Note

QC 20231023

Available from: 2023-10-22 Created: 2023-10-22 Last updated: 2024-02-15Bibliographically approved

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Trevisan, SilviaGuédez, Rafael

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