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Extensions to the PROMETHEUS Stochastic World Energy Model

In the context of SAPIENTIA, the PROMETHEUS stochastic World energy model has been extended to the longer term. This has entailed significant changes in the PROMETHEUS modeling system with regard to the identification and introduction of new technologies and the modification of the structure of the model. Accordingly, PROMETHEUS has been extended to cover a more detailed transportation sector and to incorporate a Hydrogen Production, Storage and Delivery sub-model. In all, 22 additional technologies are represented in the new version (4 large scale power generation, 4 very low emission vehicles, one distributed power generation and 9 Hydrogen Production technologies). Other important developments on the PROMETHEUS model include the endogenisation of climate policy (where climate change -as it is perceived to occur- affects the climate policy intensity) and the endogenisation of R&D, by making it dependent on energy costs, while renewable and CO2 capture technologies shares in total R&D are affected by energy costs and the carbon value (climate policy intensity). Finally, PROMETHEUS has been extended to incorporate technology dynamics for 51 technological options for electricity production, hydrogen production and passenger cars. These include: •Capital costs parameters for 44 technological options •Fixed O&M costs for 34 technologies; although they are basically labour costs, technical progress has been assumed based on the increased automation, reliability and the economies of scale •Variable cost parameters for 7 technologies, adjusted for efficiency. •Efficiency parameters for 20 technologies

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Institute of Communication and Computer Systems of National Technical University of Athens
9, Iroon Polytechniou Street
157 73 Zografou
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