Distributed CHP-plants optimized across more electricity markets

The hypothesis of this PhD project is that a transition needs to be initiated from “First Generation distributed CHP” helping only to reduce fuel use through its high efficiency - towards “Next Generation distributed CHP” maintaining this high efficiency but at the same time making (on a macro-economic scale) the integration of fluctuating production from RES less costly by being flexible.
The research will focus on investigating investment and daily operation strategies for distributed CHP, when these plants are participating across more whole sale markets and balancing markets, and will be focused on the needed interaction between the plants when optimizing market participation.