eprintid: 10190595
rev_number: 7
eprint_status: archive
userid: 699
dir: disk0/10/19/05/95
datestamp: 2024-04-12 12:33:42
lastmod: 2024-04-12 12:33:42
status_changed: 2024-04-12 12:33:42
type: article
metadata_visibility: show
sword_depositor: 699
creators_name: Zhang, Yun-Long
creators_name: Liu, Lan-Cui
creators_name: Kang, Jia-Ning
creators_name: Peng, Song
creators_name: Mi, Zhifu
creators_name: Liao, Hua
creators_name: Wei, Yi-Ming
title: Economic feasibility assessment of coal-biomass co-firing power generation technology
ispublished: pub
divisions: UCL
divisions: B04
divisions: C04
keywords: Coal-fired power, 
Biomass co-firing technology, 
Break-even price, 
Techno-economics, 
Scenario analysis, 
Indirect benefits, 
China, 
CO2 reduction, 
Emission quota, 
LCA
note: © 2024 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
abstract: Biomass co-firing technology is a potential solution for low-carbon transition of coal-fired power plants. Existing techno-economic analyses of this technology fail to consider indirect benefits, such as avoided losses from technology retrofitting, and the heterogeneity across regions. To address these limitations, we developed five types of techno-economic indicators to analyze six possible future scenarios for the application of this technology in 29 provinces of China, based on regional heterogeneous data. The results show, first, generally, the higher the local coal price, the local on-grid electricity price, the biomass feed-in tariff subsidy, and the carbon trading price, the greater the incentives and benefits for biomass co-firing. Second, bio-electricity tariff subsidies greatly increase the incentives for technology retrofitting, with 26 of the 29 provinces analyzed having sufficient incentives for retrofits in this scenario. Third, biomass co-firing technology has more revenue potential when emission quota is limited than when it's not. Our results indicate that a timely tightening of the CO2 emission quotas of the coal power sector will stimulate technological retrofits even without additional policy incentives, while more plants retrofitted will achieve positive returns with additional incentives.
date: 2024-06-01
date_type: published
publisher: Elsevier BV
official_url: https://doi.org/10.1016/j.energy.2024.131092
oa_status: green
full_text_type: pub
language: eng
primo: open
primo_central: open_green
verified: verified_manual
elements_id: 2263500
doi: 10.1016/j.energy.2024.131092
lyricists_name: Mi, Zhifu
lyricists_id: ZMIXX58
actors_name: Flynn, Bernadette
actors_id: BFFLY94
actors_role: owner
full_text_status: public
publication: Energy
volume: 296
article_number: 131092
issn: 0360-5442
citation:        Zhang, Yun-Long;    Liu, Lan-Cui;    Kang, Jia-Ning;    Peng, Song;    Mi, Zhifu;    Liao, Hua;    Wei, Yi-Ming;      (2024)    Economic feasibility assessment of coal-biomass co-firing power generation technology.                   Energy , 296     , Article 131092.  10.1016/j.energy.2024.131092 <https://doi.org/10.1016/j.energy.2024.131092>.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/10190595/1/1-s2.0-S0360544224008648-main.pdf