{"id":16427,"date":"2020-12-07T15:30:00","date_gmt":"2020-12-07T14:30:00","guid":{"rendered":"https:\/\/www.smartinnovationnorway.com\/?p=16427"},"modified":"2022-10-25T23:48:31","modified_gmt":"2022-10-25T21:48:31","slug":"key-performance-indicators-for-investment-planning-in-multi-vector-energy-systems","status":"publish","type":"post","link":"https:\/\/smartinnovationnorway.com\/en\/nyheter\/key-performance-indicators-for-investment-planning-in-multi-vector-energy-systems\/","title":{"rendered":"Key performance indicators for investment planning in multi-vector energy systems"},"content":{"rendered":"

The concept of sector coupling promises to provide flexibility for rising renewable shares. A strong metric is needed to determine the viability and economic feasibility of different sector-coupled energy systems, and a direct translation of key performance indicators (KPIs) commonly used for single vector systems is not always possible. The E-LAND project fills this gap by proposing KPIs relevant to assessing sector-coupled energy systems.\u00a0<\/strong><\/p>\n\n\n\n

The proposed KPIs were presented in this year\u2019s CIRED<\/a> workshop. The paper evaluates various KPIs used for assessing single energy vector systems and their application for a sector-coupled system. Together with the pilots of the project, relevant KPIs were selected, further adapted, and in addition, a new indicator was proposed.<\/p>\n\n\n\n

\"\"
Figure 1: Few of the selected and adapted KPI based upon pilot owner\u2019s decision making criterias.<\/em><\/figcaption><\/figure>\n\n\n\n

Proposal: Weighting of energy carriers<\/strong><\/h2>\n\n\n\n

A multi-vector energy system can have energy carriers of different usable potentials, e.g. electricity and hydrogen. To be able to derive KPIs that cover the whole system as a whole (like LCOE, renewable share and self-sufficiency), a weighting of the energy carriers by their energy content is proposed. The reference unit is defined as Electricity Equivalent (ElEq), in reference to the commonly used gasoline gallon equivalent (GGE).<\/p>\n\n\n\n

Intermediate conclusions and future work<\/strong><\/h2>\n\n\n\n

Indicators proposed in the paper were applied to a case study and have proven that they can help to understand the more complex energy flows taking place in a multi-energy system. There are still areas where further research is needed in the project. These areas are:<\/p>\n\n\n\n

  1. Base of energy carrier weighting, especially considering the value of heat.<\/li>
  2. Relevance of sunk costs in economic KPI needs to be discussed.<\/li>
  3. Application of KPIs to extreme scenarios.<\/li><\/ol>\n\n\n\n

    Further research will be carried out both based on simulations and stakeholder interviews (including pilots) to ensure that the list of KPIs is complete.<\/p>\n\n\n\n

    \"\"
    Figure 2: Energy system overview of example case study used in the paper to evaluate various KPI.<\/em><\/figcaption><\/figure>\n\n\n\n

    Note:<\/strong> The full paper is to soon be published in the proceedings from the CIRED 2020 workshop, but its abstract is available here<\/a>. Title of the paper: \u201cInvestment planning in multi-vector energy systems: Definition of key performance indicators\u201d<\/p>","protected":false},"excerpt":{"rendered":"

    The concept of sector coupling promises to provide flexibility for rising renewable shares. A strong metric is needed to determine the viability and economic feasibility of different sector coupled energy systems. <\/p>","protected":false},"author":5,"featured_media":24730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[37,6],"tags":[263,108,253],"class_list":["post-16427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forskning","category-nyheter","tag-e-land","tag-forskning","tag-research"],"acf":[],"yoast_head":"\nKey performance indicators for investment planning in multi-vector energy systems - Smart Innovation Norway<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smartinnovationnorway.com\/en\/nyheter\/key-performance-indicators-for-investment-planning-in-multi-vector-energy-systems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key performance indicators for investment planning in multi-vector energy systems\" \/>\n<meta property=\"og:description\" content=\"The concept of sector coupling promises to provide flexibility for rising renewable shares. 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