Michael Hermann Schürle
Title
Dr.
Last Name
Schürle
First name
Michael Hermann
Email
michael.schuerle@unisg.ch
Phone
+41 71 224 3055
Web Site
6 results
Now showing 1 - 6 of 6
- Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Power-to-gas for the mobility sector(2018-05-29)Power-to-gas (P2G) is a technology that converts electrical power to gas fuels like methane, which can be stored and distributed via the natural gas grid. However, at present time the technology suffers from high specific investment costs, low efficiency and grid fees that must be paid if electricity is obtained from the power grid. We use a real options approach to assess the profitability of different operational concepts. As P2G facilities are flexible consumers, they can benefit from short-term price fluctuations on the electricity spot market. In order to estimate the value of this flexibility, we use a regress-later Monte Carlo approach to determine the optimal dispatch taking into account various operational constraints. This allows evaluating the future revenues for simulated scenarios of power and gas prices. Then the real options approach determines the project value and the optimal timing of the project start, given the uncertainties in future energy prices, exchange rates and investment costs.Type:presentation