Energy Flexibility in Aluminium Smelting: A Long-Term Feasibility Study Based on the Prospects of Electricity Load and Photovoltaic Production

This paper investigates the economic feasibility of utilising energy flexibility in aluminium production as a viable solution to leverage electricity surpluses arising from the increasing number of photovoltaic (PV) system installations. Future trends suggest that the generation capacity of PV systems will soon surpass consumption, leading to significant electricity surpluses, particularly during the summer. This surplus electricity, which is anticipated to be available at low prices, offers a unique opportunity to evaluate different investment and utilisation scenarios for aluminium production while simultaneously decreasing its environmental impact. The results demonstrate that, despite their high initial investment cost, large-scale PV power plants can potentially deliver maximum economic gains over a ten-year period. Conversely, the direct utilisation of surpluses without substantial investment can yield savings of up to EUR 17 million within the same time frame for Slovenia’s case with an aluminium smelter, which has a maximum power usage of 60 MW. The findings of this study have significant implications in terms of shaping future energy strategies and policies, emphasizing the value of integrating renewable energy sources and industrial processes for enhanced economic and environmental outcomes.