Synergy Consulting is honored to be an advisor to Hanwha Power Systems to undertake a strategic market analysis for a pioneering new technology that uses supercritical carbon dioxide (sCO2) as a working fluid to generate power. Hanwha Power Systems is a leader in the development of eco-friendly power generation solutions using the sCO2 engine and turbo expander generator.
Unlike conventional power plant cycles that use water, steam, or gas as a working fluid in a turbine to produce power, sCO2 cycles use CO2 in a supercritical state where liquid and gas phases are indistinguishable. sCO2 is an ideal working fluid that is energy-dense, non-explosive, non-flammable, and non-toxic, and enables the power plant to be smaller and produce power at a relatively lower price. The system can use thermal energy from a variety of conventional and non-conventional energy sources, including waste heat from processes.
Synergy Consulting is very pleased to support Hanwha Power System undertake a strategic market analysis in Texas for this innovative technology. Synergy Consulting will examine the electricity market in Texas, the pricing mechanisms, the regulatory aspects as they relate to new technologies, and address issues relating to Project structuring and financing.