Seasonal storage of energy at UiT the arctic university of Norway in Narvik

Abstract

The thesis examines which energy production methods are suitable together with seasonal storage of energy at UiT the arctic university of Norway in Narvik. Nordkraft has provided the subject which has been examined. The location of UiT Narvik together with its areas and storage volumes have been examined for what power production methods and energy storage methods are suitable for this location. The costs of clearing out the current storage location, preparing it for storage, filling it, and using it has been examined. The power price has been examined to find potential earnings of the storage system. The price history for power, and what it might be in the future has also been examined. It has been determined that the storage can be economically viable given that the current storage is perfectly insulated and the price difference between when the energy is bought and used is big enough. The largest contributing factors for this are the number of charges of the storage, the cost of establishing the system, the power price and low operational and maintenance costs.