Giannis, Angelos (2021) A framework for techno-financial development of PtM as a support tool for strategic investment decisions. Design Project, Industrial Engineering and Management.
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Abstract
ORTEC has developed an optimization model, named IMES, for long term planning of multi–energy systems, to support their clients that are interested to invest in the energy transition. One of the investment options that is included in the model, is Power-to-Methane (PtM) technology. PtM converts the energy surplus from renewable systems to methane. Currently in IMES model, a discount and development rate are used to calculate the investment costs for every year, without providing any insights or further knowledge around the technology. The current design project aims to provide a support tool for IMES, that can estimate the future technological and economical development of PtM, while simultaneously providing further comprehension of the technology. To do this, a modular approach is followed to design a framework that utilizes the theory of learning curves to calculate future investment and operational costs, as well as round trip efficiency. The framework allows to remove or add new technologies or units of the PtM process chain, according to the needs of the invested PtM plant. In addition, it includes a range of CO2 sources, electrolysis and methanation technologies. Results show that the framework is expected to provide rigorous results with a sensitivity lower than 20% to variations of its critical parameters. Finally the outputs of the designed framework are validated by comparing them with results of similar studies in the literature.
| Item Type: | Thesis (Design Project) |
|---|---|
| Supervisor name: | Mohebbi, M. and Deuss, P.J. |
| Degree programme: | Industrial Engineering and Management |
| Thesis type: | Design Project |
| Language: | English |
| Date Deposited: | 25 Mar 2021 15:05 |
| Last Modified: | 25 Mar 2021 15:05 |
| URI: | https://fse.studenttheses.ub.rug.nl/id/eprint/24125 |
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