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Financial feasibility of using an electric steam boiler in a multifuel steam production set and providing grid flexibility

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Europe  is  changing  its  energy  supply  and  is  working  on  an  energy  transition.  Due  to  governmental plans, a lot of wind and solar PV energy will penetrate the electrical grid. The grid penetration of renewable energy will result in a fluctuating energy price and a growing need  for  reserve  capacity.  This  literature  study  will  look  into  the  possibilities  of  power  conversion providing national reserve capacity. Balancing capacity can be of value for companies in need of process energy, e.g. heat. The balancing capacity can raise company profits and improve grid stability in the energy transition. This literature study is fundamental knowledge for further research towards using an electric boiler in a steam production set.

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