Business Opportunities in Power Supply with Gas Engines in the Health Sector

Authors

  • István Vokony Budapest University of Technology and Economics
  • Bálint Sinkovits Budapest University of Technology and Economics
  • Péter Márk Sőrés Budapest University of Technology and Economics
  • Dániel Divényi Budapest University of Technology and Economics
  • Mária Szalmáné Csete Budapest University of Technology and Economics

DOI:

https://doi.org/10.35551/PFQ_2022_3_6

Keywords:

generation optimization, ESCO, gas engine, operation, UPS, O0, O1, O3

Abstract

In the research, we have developed an operational concept based on new energy generation devices, which, in addition to providing heat and electricity, guarantees uninterrupted supply locally and the sale of system services off-site. Based on international experience in the sector, the overall business concept needs to be developed for successful pilot projects. The trends in the technical-economic and regulatory environment examined show that the direction of change, with uncertain outcomes today, is unanimous: they all support the market penetration and the continued profitability of smallscale power plant devices suitable for secondary regulation. An important task is to identify unique elements in the value propositions. The aim of the research is to identify which of the factors such as realized price differential, heat-side revenues, generation utilization, optimized plant operation, scaling, etc. have an impact on the investment, operation, as well as the overall business model and profitability, and to what extent.

References

Antti Alahaivala, Juha Kiviluoma, Jyrki Leino and Matti Lehtonen (2017). System-Level Value of a Gas Engine Power Plant in Electricity and Reserve Production, https://www.mdpi.com/1996-1073/10/7/983/pdf

Bozkaya, B., Zeiler, W., Boxem, G. (2014). Integration Of Aquifer Thermal Energy Systems (Ates) Into Virtual Power Plant As A Source Of Flexibility; Fifth German-Austrian IBPSA Conference RWTH Aachen University

Chengyang, L., Jing Yang, R., Yu, X., et al Sun, C., Wong, P.S.P., Zhao, H. (2021). Virtual power plants for a sustainable urban future, Sustainable Cities and Society, 65., https://doi.org/10.1016/j.scs.2020.102640

Corera, J. (2006). Virtual Power Plant Concept in Electrical Networks; 2nd International Conference on Intgeration of Renewable and Distributed Energy Resources Napa, CA

Elekes, A. (2018). Fenntarthato novekedes – fenntarthato penzugyi szolgaltatasok az Europai Unioban, Pénzügyi Szemle, 63(3), 328–344. oldal

Erdelyi, A., Pulay Gy. (2021). Merhető hozzajarulas a tisztabb energiaellatashoz, Pénzügyi Szemle online, https://www.penzugyiszemle.hu/tanulmanyok-eloadasok/merheto-hozzajarulas-atisztabb-energiaellatashoz, 2021. aprilis 08.

Gurieff, N., Green, D., Koskinen, I., et al Lipson, M., Baldry, M., Maddocks, A., Menictas, C., Noack, J., Moghtaderi, B., Doroodchi, E. (2020). Healthy Power: Reimagining Hospitals as Sustainable Energy Hubs, Sustainability, 12(20), 8554, https://doi.org/10.3390/su12208554

Mancarella, P. (2014). MES (multi-energy systems). An overview of concepts and evaluation models, Energy, 65., https://doi.org/10.1016/j.energy.2013.10.041

Tapia-Ahumada, K., Duenas, P. (2016). Interplay of Gas and Electricity Systems at Distribution Level, https://energy.mit.edu/wp-content/uploads/2016/12/Working-Paper-Interplay-of-Gas-and-Electricity-Systems-TapiaAhumadaDuenas-December2016.pdf

Mihalovits, Zs., Tapaszti, A. (2018). Zoldkotveny, a fenntarthato fejlődest tamogato penzugyi instrumentum, Pénzügyi Szemle, 63(3), 312–327. oldal

Plahn, P., Keene, K., Pendray, J. (2015). 330 kWe Packaged CHP System with Reduced Emissions; United States, https://doi.org/10.2172/1223435

Samad, T., Koch, E., Stluka, P. (2016). Automated Demand Response for Smart Buildings and Microgrids: The State of the Practice and Research Challenges, Proceedings of the IEEE, 104(4), https://doi.org/10.1109/JPROC.2016.2520639

Sioshansi, F. (2021). How can flexible demand be aggregated and delivered?; Variable Generation, Flexible Demand, Academic Press, https://doi.org/10.1016/B978-0-12-823810-3.00014-5

Wartsila (2022). Combustion Engine vs. Gas Turbine: Pulse Load Efficiency and Profitability, Letoltes helye: https://www.wartsila.com/energy/learn-more/technical-comparisons/combustion-engine-vs-gas-turbine-pulse-loadefficiency-and-profitability. A letoltes ideje: 2022.08. 31.

Zheng Ma, Joy Dalmacio Billanes, Bo Norregaard Jorgensen (2017). Aggreagation Potentials for Buildings – Business Models of Demand Response and Virtual Power Plants; Energies 2017, 10(10), 1646, https://doi.org/10.3390/en10101646

Electric Power Research Institute (2017). Power Generation Technology Data For Integrated Resource Plan Of South Africa

European Council (2022). Fit for 55. The EU's plan for a green transition, https://www.consilium.europa.eu/en/policies/green-deal/fit-for-55-the-euplan-for-a-green-transition/

International Energy Agency – Energy Technology Systems Analysis Program (2010) Combined Heat and Power, https://iea-etsap.org/E-TechDS/PDF/E04-CHP-GS-gct_ADfinal.pdf

U.S. Department of Energy (2016). Combined Heat and Power Technology Fact Sheet Series, https://www.energy.gov/sites/prod/files/2016/09/f33/CHP-Recip%20Engines.pdf

U.S. Energy Information Administration (2016). Capital Cost Estimates for Utility Scale Electricity Generating Plants

Published

2022-09-30

How to Cite

Vokony, I., Sinkovits, B., Sőrés, P. M., Divényi, D., & Szalmáné Csete, M. (2022). Business Opportunities in Power Supply with Gas Engines in the Health Sector. Public Finance Quarterly, 67(3). https://doi.org/10.35551/PFQ_2022_3_6

Issue

Section

Focus - Sustainability, Energy, Security of Supply