Wärtsilä received the Best Paper Award in the "Strategy for a Changing Power Sector" category at the Power-Gen Europe 2014 conference in Cologne, Germany last week. The lead author of the article, "Optimal Balancing Products for Cross Border Sharing in Power Systems with High Shares of Renewables", is Wärtsilä's Market Development Director Melle Kruisdijk.
The paper discusses the optimal design of reserve capacity products from both technical and economic perspectives in systems with high shares of wind and solar energy in Europe. Due to increasing intermittent generation, the need for reserve capacity and frequency restoration products increases. The paper shows the system benefits fast-responding reserves can provide, from either spinning or stand-still position. Agile capacity not only secures power supply in systems with high shares of wind and solar but also reduces operational costs. The article is based on a study by DNV GL.