2016-Sustainable Industrial Processing Summit
SIPS 2016 Volume 4: Santilli Intl. Symp. / Mathematics Applications

Editors:Kongoli F, Gaines G, Georgiev S, Bhalekar A
Publisher:Flogen Star OUTREACH
Publication Year:2016
Pages:320 pages
ISBN:978-1-987820-42-3
ISSN:2291-1227 (Metals and Materials Processing in a Clean Environment Series)
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    The importance of power plant flexibility and high efficiency in the Power Market -Value expectations of high standard digital solutions and their importance in challenging market Environments-

    Tamer Turna1;
    1YILDIRIM ENERGY INVESTMENTS INC, Maslak, Turkey;
    Type of Paper: General Plenary
    Id Paper: 505
    Topic: 42

    Abstract:

    The transformation towards a renewables dominated power generation market is a primarily by the European society driven social and political will, that shapes the entire region severely and impacts the world. It introduces volatile generators enlarging their market share on one side, and creates new market opportunities on the other side, for those which have the ability to adapt and the relevant technology to generate the missing part of the chain. Due to all influencers and the new market set up, flexibility is key. The basic solution formula is very simple; VOLATILITY + FLEXIBILITY = STABILITY. Flexible power generators are primarily fast ramp up and ramp down operating gas combined cycles power plants, flexible designed ultra-supercritical steam parameters based cleaner coal thermal power plants and storage technology based systems and plants. The Industry 4.0 era and its new technologies allow us further progress of the entire power system by introducing modern digital solutions which fulfill ‘Preventive Corrective Control’ requirements, backed by relevant hardware to secure the flexibility needs of the new market conditions of today. Progressive ‘Smart Digital Control’ systems are key to cope with new market challenges. This creates new growth opportunities for the sector. This paper will briefly evaluate the various options, including the possibility of demand side management and will introduce a solution to the market.

    Keywords:

    Power Market –Value; Power Plants; Demand Side Management

    Cite this article as:

    Turna T. The importance of power plant flexibility and high efficiency in the Power Market -Value expectations of high standard digital solutions and their importance in challenging market Environments-. In: Kongoli F, Gaines G, Georgiev S, Bhalekar A, editors. Sustainable Industrial Processing Summit SIPS 2016 Volume 4: Santilli Intl. Symp. / Mathematics Applications. Volume 4. Montreal(Canada): FLOGEN Star Outreach. 2016. p. 37-38.