PV-to-methanol plants may maximize returns in reserve markets

New research from Denmark shows PV-to-methanol facilities may achieve 30% lower levelized cost of methanol through engagement in reserve markets. The researchers examined the ability of a PV-to-methanol plant to contribute to the grid in frequency containment reserves (FCR), automatic frequency restoration reserves (aFRR), and manual frequency restoration reserves (mFRR). A group of researchers led by scientists from the Technical University of Denmark (DTU) has investigated how PV-to-methanol plants may participate in reserve markets to minimize the levelized cost of methanol and has found these ...

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