General Economics (econ.GN)

Abstract: Smart roadside infrastructure sensors in the form of intelligent transportation system stations (ITS-Ss) are increasingly deployed worldwide at relevant traffic nodes. The resulting digital twins of the real environment are suitable for developing and validating connected and automated driving functions and for increasing the operational safety of intelligent vehicles by providing ITS-S real-time data. However, ITS-Ss are very costly to establish and operate. The choice of sensor technology also has an impact on the overall costs as well as on the data quality. So far, there is only insufficient knowledge about the concrete expenses that arise with the construction of different ITS-S setups. Within this work, multiple modular infrastructure sensor setups are investigated with the help of a life cycle cost analysis (LCCA). Their economic efficiency, different user requirements and sensor data qualities are considered. Based on the static cost model, a Monte Carlo simulation is performed, to generate a range of possible project costs and to quantify the financial risks of implementing ITS-S projects of different scales. Due to its modularity, the calculation model is suitable for diverse applications and outputs a distinctive evaluation of the underlying cost-benefit ratio of investigated setups.

Abstract: Heat pumps are a key technology for reducing fossil fuel use in the heating sector. A transition to heat pumps implies an increase in electricity demand, especially in cold winter months. Using an open-source power sector model, we examine the power sector impacts of a massive expansion of decentralized heat pumps in Germany in 2030, combined with buffer heat storage of different sizes. Assuming that the additional electricity used by heat pumps has to be fully covered by renewable energies in a yearly balance, we quantify the required additional investments in renewable energy sources. If wind power expansion potentials are limited, the roll-out of heat pumps can also be accompanied by solar PV with little additional costs, making use of the European interconnection. The need for additional firm capacity and electricity storage generally remains limited even in the case of temporally inflexible heat pumps. We further find that relatively small heat storage capacities of 2 to 6 hours can substantially reduce the need for short- and long-duration electricity storage and other generation capacities, as well as power sector costs. We further show that 5.8 million additional heat pumps save around 120 TWh of natural gas and 24 million tonnes of CO$_2$ emissions per year.