• Energy Research
• 7. Clean energy close
• GB close
• CN close
• EU close
• University of Edinburgh close

This paper is concerned with the risk management practices of an electricity retailer motivated by the Dutch electricity market. We examine the effectiveness of the existing base- and peak-load futures contracts as a risk management tool for the electricity retailers. We analytically characterize the retailer’s optimal hedging policy as a function of the serial correlation of the prices and the demand profiles of its customers. We find that the retailer typically over-hedges in the futures market, and the over-hedging amount increases when both base- and peak-load contracts are used. Our findings indicate that although the existing contracts in the futures market are quite efficient to replicate the exposure from profiled customers, when industrial consumers and renewable generation are included to the retailer’s portfolio, the effectiveness of such contracts decreases substantially. In our motivating example, hedging the risk of the profiled customers with base-load contracts, the firm may reduce the variance of its cash flows by 85.9%. In addition to the base-load contracts, including peak-load contracts into the hedging portfolio of the retailer increases the efficiency of hedging to 89.3%. However, when we consider the aggregate portfolio of the retailer including profiled customers, industrial consumers and renewable contracts, the efficiency of hedging through the existing futures contracts goes down as low as 32.8% during certain periods. © 2022, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.

Twenty soil cores were collected from a field site in Lincolnshire in March 2011, three weeks after planting and Nitrogen fertiliser addition. Soil cores of 150-180 millimetre (mm) depth, containing approximately 1.6 kilogram soil (dry weight) were extracted in Polyvinyl chloride (PVC) pipes (height 215 mm depth 102 mm) and stored at 4 degrees centigrade for 30 days. A four-treatment factorial experiment was designed using soils un-amended or amended with biochar and un-wetted or wetted with deionised water (5 replicates per treatment). Soil in all the cores was mixed to 7 centimetre (cm) depth. To half of the cores, biochar (less than 2 mm) was mixed into the soil at a rate of 3 percent soil dry weight (approximately 22 tons per hectare (t ha-1)). After allowing for any potential Carbon dioxide (CO2) flush from newly-mixed soil to equilibrate for seven days, the cores were placed at 16 degrees centigrade in the dark. Un-wetted soil cores were maintained at 23 percent Gravimetric moisture content (GMC), whilst the GMC of 'wetted' soil cores was increased to 28 percent GMC at the time zero (t0) of four wetting events on day 17, 46, 67 and 116. These water addition rates were based on mean and maximum monthly soil GMC measured in the field between 2009-2010. Data from an investigation of the effects of biochar application to soil on greenhouse gas emissions using soil from a bioenergy crop (Miscanthus X. giganteus). Data include physical (bulk density) and chemical analyses of the soil (total carbon (C) and nitrogen (N), extractable ammonium and nitrate), and greenhouse gas (GHG) emissions (carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O)) during incubations. Data were collected during two incubation experiments investigating the effects of temperature, soil moisture and soil aeration on biochar induced suppression of GHG emissions. Biochar is a carbon rich substances which is being advocated as a climate mitigation tool to increase carbon sequestration and reduce nitrous oxide emissions.

Project: GCOS Earth Heat Inventory - A study under the Global Climate Observing System (GCOS) concerted international effort to update the Earth heat inventory (EHI), and presents an updated international assessment of ocean warming estimates, and new and updated estimates of heat gain in the atmosphere, cryosphere and land over the period from 1960 to present. Summary: The file “GCOS_EHI_1960-2020_Earth_Heat_Inventory_Ocean_Heat_Content_data.nc” contains a consistent long-term Earth system heat inventory over the period 1960-2020. Human-induced atmospheric composition changes cause a radiative imbalance at the top-of-atmosphere which is driving global warming. Understanding the heat gain of the Earth system from this accumulated heat – and particularly how much and where the heat is distributed in the Earth system - is fundamental to understanding how this affects warming oceans, atmosphere and land, rising temperatures and sea level, and loss of grounded and floating ice, which are fundamental concerns for society. This dataset is based on a study under the Global Climate Observing System (GCOS) concerted international effort to update the Earth heat inventory published in von Schuckmann et al. (2020), and presents an updated international assessment of ocean warming estimates, and new and updated estimates of heat gain in the atmosphere, cryosphere and land over the period 1960-2020. The dataset also contains estimates for global ocean heat content over 1960-2020 for different depth layers, i.e., 0-300m, 0-700m, 700-2000m, 0-2000m, 2000-bottom, which are described in von Schuckmann et al. (2022). This version includes an update of heat storage of global ocean heat content, where one additional product (Li et al., 2022) had been included to the initial estimate. The Earth heat inventory had been updated accordingly, considering also the update for continental heat content (Cuesta-Valero et al., 2023).

Abstract In some shelf sea regions of the world, the tidal range is sufficient to convert the potential energy of the tides into electricity via tidal range power plants. As an island continent, Australia is one such region – a previous study estimated that Australia hosts up to 30% of the world’s resource. Here, we make use of a gridded tidal dataset (TPXO9) to characterize the tidal range resource of Australia. We examine the theoretical resource, and we also investigate the technical resource through 0D modelling with tidal range power plant operation. We find that the tidal range resource of Australia is 2004 TWh/yr, or about 22% of the global resource. This exceeds Australia’s total energy consumption for 2018/2019 (1721 TWh/yr), suggesting tidal range energy has the potential to make a substantial contribution to Australia’s electricity generation (265 TWh/yr in 2018/2019). Due to local resonance, the resource is concentrated in the sparsely populated Kimberley region of Western Australia. However, the tidal range resource in this region presents a renewable energy export opportunity, connecting to markets in southeast Asia. Combining the electricity from two complementary sites, with some degree of optimization tidal range schemes in this region can produce electricity for 45% of the year.

AbstractChina is under pressure to improve its agricultural productivity to keep up with the demands of a growing population with increasingly resource‐intensive diets. This productivity improvement must occur against a backdrop of carbon intensity reduction targets, and a highly fragmented, nutrient‐inefficient farming system. Moreover, the Chinese government increasingly recognizes the need to rationalize the management of the 800 million tonnes of agricultural crop straw that China produces each year, up to 40% of which is burned in‐field as a waste. Biochar produced from these residues and applied to land could contribute to China's agricultural productivity, resource use efficiency and carbon reduction goals. However competing uses for China's straw residues are rapidly emerging, particularly from bioenergy generation. Therefore it is important to understand the relative economic viability and carbon abatement potential of directing agricultural residues to biochar rather than bioenergy. Using cost‐benefit analysis (CBA) and life‐cycle analysis (LCA), this paper therefore compares the economic viability and carbon abatement potential of biochar production via pyrolysis, with that of bioenergy production via briquetting and gasification. Straw reincorporation and in‐field straw burning are used as baseline scenarios. We find that briquetting straw for heat energy is the most cost‐effective carbon abatement technology, requiring a subsidy of $7 MgCO2e−1 abated. However China's current bioelectricity subsidy scheme makes gasification (NPV $12.6 million) more financially attractive for investors than both briquetting (NPV $7.34 million), and pyrolysis ($−1.84 million). The direct carbon abatement potential of pyrolysis (1.06 MgCO2e per odt straw) is also lower than that of briquetting (1.35 MgCO2e per odt straw) and gasification (1.16 MgCO2e per odt straw). However indirect carbon abatement processes arising from biochar application could significantly improve the carbon abatement potential of the pyrolysis scenario. Likewise, increasing the agronomic value of biochar is essential for the pyrolysis scenario to compete as an economically viable, cost‐effective mitigation technology.

The increasing demand for energy and commodities has led to escalating greenhouse gas emissions, the chief of which is represented by carbon dioxide (CO2). Blue hydrogen (H2), a low-carbon hydrogen produced from natural gas with carbon capture technologies applied, has been suggested as a possible alternative to fossil fuels in processes with hard-to-abate emission sources, including refining, chemical, petrochemical and transport sectors. Due to the recent international directives aimed to combat climate change, even existing hydrogen plants should be retrofitted with carbon capture units. To optimize the process economics of such retrofit, it has been proposed to remove CO2 from the pressure swing adsorption (PSA) tail gas to exploit the relatively high CO2 concentration. This study aimed to design and numerically investigate a vacuum pressure swing adsorption (VPSA) process capable of capturing CO2 from the PSA tail gas of an industrial steam methane reforming (SMR)-based hydrogen plant using NaX zeolite adsorbent. The effect of operating conditions, such as purge-to-feed ratio and desorption pressure, were evaluated in relation to CO2 purity, CO2 recovery, bed productivity and specific energy consumption. We found that conventional cycle configurations, namely a 2-bed, 4-step Skarstrom cycle and a 2-bed, 6-step modified Skarstrom cycle with pressure equalization, were able to concentrate CO2 to a purity greater than 95% with a CO2 recovery of around 77% and 90%, respectively. Therefore, the latter configuration could serve as an efficient process to decarbonize existing hydrogen plants and produce blue H2.

This paper proposes the computation and assessment of optimal tilt and azimuth angles for a receiving surface, using a mathematical model developed at the University of Tomsk, Russia. The model was validated and analyzed for the Nuevo León State, Northeast Mexico, utilizing a set of metrics, comparing against satellite data from NASA. A point of interest in the city of Monterrey was analyzed to identify orientation patterns throughout the year for an optimal solar energy gathering. The aim is providing the best orientation tilt angles for photovoltaic or solar thermal panels without tracking systems. In addition, this analysis is proposed as a tool to achieve optimal performance in sustainable urban development in the region. Based on the findings, a set of optimal tilt and azimuth surface angles are proposed for the analyzed coordinates. The aim is to identify the optimal performance to obtain the maximum solar irradiation possible over the year for solar projects in the region. The results show that the model can be used as a tool to accelerate decision making in the design of solar harvesting surfaces and allows the design of discrete tracking systems with an increase in solar energy harvesting above 5% annually.

Bottom-hinged, nearshore flap-type wave energy converters (WECs), have several advantages, such as high power conversion efficiency and survivability. They typically comprise a single flap spanning their full width. However, a potentially beneficial design change would be to split the flap into multiple modules, to make a ‘Modular Flap’. This could provide improvements, such as increased power-capture, reduced foundation loads and lower manufacturing and installation costs. Assessed in this work is the hydrodynamic power-capture of this device, based on physical modelling. Comparisons are made to an equivalent ‘Rigid Flap’. Tests are conducted in regular, head-on and off-angle waves. The simplest control strategy, of damping each module equally, is employed. The results show that, for head-on waves, the power increases towards the centre of the device, with the central modules generating 68% of the total power. Phase differences are also present. Consequently, the total power produced by the Modular Flap is, on average, 23% more smooth than that generated by the Rigid Flap. The Modular Flap has 3% and 1% lower average power-capture than the Rigid Flap in head-on and off-angle waves, respectively. The advantages of the modular concept may therefore be exploited without significantly compromising the power-capture of the flap-type WEC.