Ports and Energy Transition
By 2040, about 60% of all new power generation capacity is expected to be derived from renewables, with the majority of renewables-based
Ensuring availability of these electrical resources to meet loads which are intermittent and uncertain is becoming a critical port function. It requires investment in multi-vector energy supply chains, energy storage in ports and their associated energy management systems.
ESSOP has explored two ways in which ports can minimize their energy costs by using energy storage: • Optimising how to use PV solar generation to offset grid electricity. The wholesale price of energy varies every half-hour, and on a time-of-day tariff this variation is passed onto users.
The setting of petrochemical complexes led to several ports becoming major energy platforms relying on three interrelated functions: Ports can serve as energy transport platforms, acting as gateways for the exports or imports of energy products, including their temporary storage.
Ports can serve as energy transport platforms, acting as gateways for the exports or imports of energy products, including their temporary storage. This relies on the principle of economies of scale that ports offer to transport energy products, particularly in bulk.
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