Power supply security in a carbon neutral Finland

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorHyvönen, Johannes
dc.contributor.authorKoivunen, Tero
dc.contributor.authorSyri, Sanna
dc.contributor.departmentDepartment of Mechanical Engineeringen
dc.contributor.groupauthorEnergy Conversion and Systemsen
dc.date.accessioned2024-03-06T10:29:43Z
dc.date.available2024-03-06T10:29:43Z
dc.date.issued2023
dc.description| openaire: EC/HE/856602/EU//FINEST TWINS Funding Information: This work received funding from the European Comissiong through the H2020 project Finest Twins (grant No. 856602) and Doctoral Research funding from Aalto University School of Engineering Publisher Copyright: © 2023 IEEE.
dc.description.abstractRecent events in Europe have shown how important power supply security is for the functioning of modern society. At the same time, the increasing share of renewables makes the electricity supply in Europe more unpredictable and unreliable, and it is unclear how power supply security will be managed in the future. As such, this paper models the cost effectiveness of thermal power plants and battery storage as flexibility sources in a carbon neutral Finland in 2035. The modelled results indicate that 1.8 - 8.0 GW of dispatchable generation capacity will be needed to facilitate renewable growth by 2035, increasing with lesser reliance on electricity trading and demand response, as well as with the electrification of the heating sector. Moreover, large scale battery storage is shown to be an ineffective approach for flexibility compared to the use of thermal power plants, whereas the addition of nuclear SMR showcases the clearest advantages.en
dc.description.versionPeer revieweden
dc.identifier.citationHyvönen, J, Koivunen, T & Syri, S 2023, Power supply security in a carbon neutral Finland . in 2023 19th International Conference on the European Energy Market, EEM 2023 . International Conference on the European Energy Market, EEM, vol. 2023-June, IEEE, International Conference on the European Energy Market, Lappeenranta, Finland, 06/06/2023 . https://doi.org/10.1109/EEM58374.2023.10161906en
dc.identifier.doi10.1109/EEM58374.2023.10161906
dc.identifier.isbn979-8-3503-1258-4
dc.identifier.issn2165-4077
dc.identifier.issn2165-4093
dc.identifier.otherPURE UUID: 0e77f626-0bb7-4c86-a85e-795aa8ec1f4d
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/0e77f626-0bb7-4c86-a85e-795aa8ec1f4d
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85165233622&partnerID=8YFLogxK
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/126870
dc.identifier.urnURN:NBN:fi:aalto-202403062505
dc.language.isoenen
dc.relationinfo:eu-repo/grantAgreement/EC/HE/856602/EU//FINEST TWINS Funding Information: This work received funding from the European Comissiong through the H2020 project Finest Twins (grant No. 856602) and Doctoral Research funding from Aalto University School of Engineering Publisher Copyright: © 2023 IEEE.
dc.relation.ispartof2023 19th International Conference on the European Energy Market, EEM 2023
dc.relation.ispartofInternational Conference on the European Energy Marketen
dc.relation.ispartofseriesInternational Conference on the European Energy Market, EEM ; Volume 2023-Juneen
dc.rightsrestrictedAccessen
dc.subject.keywordcarbon neutrality
dc.subject.keyworddemand flexibility
dc.subject.keywordenergy security
dc.subject.keywordrenewables
dc.subject.keywordreserve power
dc.titlePower supply security in a carbon neutral Finlanden
dc.typeConference article in proceedingsfi
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