Recent research published in the Journal of Management Science and Engineering has highlighted a promising approach for achieving carbon neutrality in China by integrating coal-fired power plants equipped with carbon capture and storage (CCS) technology. The study, led by Boqiang Lin from the School of Management at Xiamen University, emphasizes the importance of transitioning to a more flexible power system that can accommodate the increasing share of renewable energy sources (RES) in the grid.
As China pushes forward with its ambitious carbon neutrality goals, the challenge lies in balancing the integration of RES, which can sometimes destabilize the power grid due to their intermittent nature. The research suggests that while battery energy storage systems (BESS) are more cost-effective when RES penetration is low, CCS technology offers significant advantages as the share of renewables increases. This means that CCS can play a vital role in stabilizing the grid, especially during peak demand periods.
Lin notes, “Combining BESS and CCS can ensure grid stability and maximize RES utilization.” This dual approach not only enhances the reliability of the power supply but also opens up new commercial opportunities for companies involved in energy storage and carbon management technologies. The ability to leverage existing coal power plants with CCS could be particularly beneficial for energy companies looking to transition away from coal while still maintaining a reliable energy supply.
The study’s findings also underscore the importance of managing power demand growth to facilitate this transition effectively. This presents further opportunities for sectors involved in energy efficiency and demand response technologies, as they can help optimize energy consumption patterns.
In summary, the integration of CCS with coal-fired power plants, alongside the use of BESS, presents a viable pathway for China to achieve its carbon neutrality targets while ensuring grid stability. This research opens up avenues for investment and innovation in energy technologies, potentially reshaping the landscape of China’s energy sector as it navigates the complexities of a low-carbon future.
