TY - JOUR
T1 - A tailored decomposition approach for optimization under uncertainty of carbon removal technologies in the EU power system
AU - Negri, Valentina
AU - Vázquez, Daniel
AU - Grossmann, Ignacio E.
AU - Guillén-Gosálbez, Gonzalo
N1 - Publisher Copyright:
© 2024
PY - 2024/8
Y1 - 2024/8
N2 - The broad portfolio of negative emissions technologies calls for integrated analyses to explore the synergies between them and the power sector, with which they display strong links. These analyses should be conducted at a regional level, considering system uncertainties, assessing local benefits and the impact on carbon removal potential. This study investigates how uncertainty in electricity demand affects the optimal design of integrated carbon removal and power generation systems using multistage stochastic programming. Given the model complexity, we propose a tailored decomposition algorithm by extending previous work on the shrinking horizon approach that reduces the computational time by 90 %, enabling insights into various European scenarios. A combination of conventional technologies and biomass could satisfy the electricity demand while providing up to 9 Gt of net CO2 removal from the atmosphere. Omitting uncertainties leads to an underestimation of the total cost and the selection of different technologies possibly leading to suboptimal performance.
AB - The broad portfolio of negative emissions technologies calls for integrated analyses to explore the synergies between them and the power sector, with which they display strong links. These analyses should be conducted at a regional level, considering system uncertainties, assessing local benefits and the impact on carbon removal potential. This study investigates how uncertainty in electricity demand affects the optimal design of integrated carbon removal and power generation systems using multistage stochastic programming. Given the model complexity, we propose a tailored decomposition algorithm by extending previous work on the shrinking horizon approach that reduces the computational time by 90 %, enabling insights into various European scenarios. A combination of conventional technologies and biomass could satisfy the electricity demand while providing up to 9 Gt of net CO2 removal from the atmosphere. Omitting uncertainties leads to an underestimation of the total cost and the selection of different technologies possibly leading to suboptimal performance.
KW - Carbon removal
KW - EU energy system
KW - Exogenous uncertainty
KW - Multistage stochastic optimization - decomposition algorithm
UR - http://www.scopus.com/inward/record.url?scp=85193683065&partnerID=8YFLogxK
U2 - 10.1016/j.compchemeng.2024.108691
DO - 10.1016/j.compchemeng.2024.108691
M3 - Article
AN - SCOPUS:85193683065
SN - 0098-1354
VL - 187
JO - Computers and Chemical Engineering
JF - Computers and Chemical Engineering
M1 - 108691
ER -