PV-to-methanol plants may maximize returns in reserve markets
- Admin
- May 30, 2024
- 1 min read
A group of researchers led by scientists from the Technical University of Denmark (DTU) has investigated how PV-to-methanol plants may participate in reserve markets to minimize the levelized cost of methanol. They found that these facilities could achieve potential economic benefits by contributing to frequency containment reserves, automatic frequency restoration reserves, and manual frequency restoration reserves. The study focused on a PV-to-methanol plant near the German border in Kassø, Southern Jutland, which produced 32,000 tons of e-methanol annually. The research team analyzed the dynamics of renewable energy integration and market management, optimizing the cost-effectiveness of power-to-X-based fuel production and maximizing market returns by participating in reserve markets.
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