Has anyone done work in quantifying the economic benefits of being able to switch fuel sources? (ie. not get stuck on Natural Gas and be able to switch to say biomass or something else if/when costs escalate).
There's obviously a benefit, what metrics would you use to evaluate it? Any suggestions are appreciated.
Obviously cost evaluation of all used fuel sources would be the best metric. However, it could be considered in terms of reliability. Being able to utilize different fuel sources can increase system reliability.
https://energy.gov/sites/prod/files/2015/08/f26/0479-Low-NOx%20Gas%20Turbine%20Injectors.pdf
http://m.energy.siemens.com/hq/pool/hq/energy-topics/pdfs/en/gas-turbines-power-plants/ModernGasTurbineswithHighFuelFlexibility.pdf
https://www.wbdg.org/resources/fuel-cell-flexibility-and-sustainability
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