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Draft National Energy Compact For The Republic Of

Draft National Energy Compact For The Republic Of

Browse technical resources about containerized energy storage, battery containers, liquid/air-cooling, and energy management solutions.

  • National Standard Specification for Compressed Air Energy Storage

    National Standard Specification for Compressed Air Energy Storage

    Compressed air energy storage (CAES) is one of the many energy storage options that can store electric energy in the form of potential energy (compressed air) and can be deployed near central power plants or distribution centers. In response to demand, the stored energy can be discharged by expanding the stored air with a turboexpander generator.


    FAQs about National Standard Specification for Compressed Air Energy Storage

    What are the operating and application standards for compressed air energy storage?

    The operating and application standards presented in these Provincial Standards for Compressed Air Energy Storage Applications and Operations (Standards) cover works used in association with compressed air energy storage (CAES) projects regulated under the Oil, Gas and Salt Resources Act.

    What is compressed air energy storage?

    Compressed air energy storage (CAES) is one of the many energy storage options that can store electric energy in the form of potential energy (compressed air) and can be deployed near central power plants or distribution centers. In response to demand, the stored energy can be discharged by expanding the stored air with a turboexpander generator.

    What is Compressed Air Energy Storage (CAES)?

    Compressed Air Energy Storage (CAES) is a hybrid energy storage and generation concept. It has many potential benefits, especially in a location with increasing percentages of intermittent wind energy generation.

    What are the main components of a compressed air system?

    The largest component in such systems is the storage medium for the compressed air. This means that higher pressure storage enables reduced volume and higher energy density.

    Does NYSEG have a compressed air energy storage plant?

    NYSEG received a $29.6-million grant from the U.S. Department of Energy in November 2010 to evaluate and develop, if economically feasible, a Compressed Air Energy Storage (CAES) Plant.

    When was compressed air first used?

    Starting in 1896, Paris used compressed air to power homes and industry. Beginning in 1978 with the first utility-scale diabatic CAES project in Huntorf, Germany, CAES has been the subject of ongoing exploration and development for grid applications. The U.S. Department of Energy (DOE) has a history of supporting CAES development.

  • National Development Energy Storage Business Park Price Entity

    National Development Energy Storage Business Park Price Entity

    While China's renewable energy sector presents vast potential, the blistering pace of plant installation is not matched with their usage capacity, leading more and more. In the long run, energy storage will play an increasingly important role in China's renewable sector. The 14th FYP for Energy Storage advocates for new technology. In a joint statement posted in May, the NDRC and the NEA established their intentions to realize full the market-oriented development of new (non-hydro) energy. A critical part of the comprehensive power market reform, energy storage is an important tool to ensure the safe supply of energy and achieve green and low-carbon.


    FAQs about National Development Energy Storage Business Park Price Entity

    How can big data industrial parks improve energy storage business model?

    Combined with the energy storage application scenarios of big data industrial parks, the collaborative modes among different entities are sorted out based on the zero-carbon target path, and the maximum economic value of the energy storage business model is brought into play through certain collaborative measures.

    Can the United States lead the development of the energy storage industry?

    From a global perspective, one of the main reasons why the United States can lead the development of the energy storage industry is that since the late 1970s, the United States has broken the monopoly of the electricity market through legislation.

    When will energy storage be commercialized?

    From 2016 to 2020, the goal is to build energy storage demonstration projects with commercial purposes. This marks the development of energy storage into the early stages of commercialization. During this period, the management system, incentive policies and business models of energy storage were mainly explored.

    Who owns the energy storage system?

    The grid subsidiary is the owner of the energy storage system. The third type is the third-party investment. Under this investment model, the energy storage system is invested and operated by third partied.

    Who pays the energy storage power station lease fee?

    The grid company pays the energy storage power station lease fee. The lease fee enters the cost of the grid company and is borne by the grid operating enterprise. And the ownership and operation rights of the energy storage power station are separated. Fig. 4. Flow chart of negotiated lease model.

    What are the Development Goals for new energy storage in China?

    The plan specified development goals for new energy storage in China, by 2025, new energy storage technologies will step into a large-scale development period and meet the conditions for large-scale commercial applications.

  • National large-scale energy storage project is about to be put into operation

    National large-scale energy storage project is about to be put into operation

    The 100 MW Dalian Flow Battery Energy Storage Peak-shaving Power Station, with the largest power and capacity in the world so far, was connected to the grid in Dalian, China, on September 29, and it will be put into operation in mid-October. This energy storage project is supported technically by Prof. LI Xianfeng's group from the Dalian.


    FAQs about National large-scale energy storage project is about to be put into operation

    Where is China's first large-scale energy storage plant?

    A 10-MWh sodium-ion battery energy storage station has been put into operation in Guangxi, southwest China, the country's first large-scale energy storage plant using sodium batteries. (Image credit: China Southern Power Grid Energy Storage)

    What are the business models of energy storage power stations?

    The independent energy storage power stations are expected to be the mainstream, with shared energy storage emerging as the primary business model. There are four main profit models. Other ancillary services: Providing ancillary services such as black-start and voltage regulation.

    Who built the energy storage system?

    This energy storage project is supported technically by Prof. LI Xianfeng's group from the Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences. And the system was built and integrated by Rongke Power Co. Ltd.

    What are the challenges in the application of energy storage technology?

    There are still many challenges in the application of energy storage technology, which have been mentioned above. In this part, the challenges are classified into four main points. First, battery energy storage system as a complete electrical equipment product is not mature and not standardised yet.

    How much electricity will a chemical energy storage project produce?

    As the first national, large-scale chemical energy storage demonstration project approved, it will eventually produce 200 megawatts (MW)/800 megawatt-hours (MWh) of electricity. The first phase of the on-grid power station project is 100 MW/400 MWh.

    Why is energy storage important?

    Energy storage is one of the most important technologies and basic equipment supporting the construction of the future power system. It is also of great significance in promoting the consumption of renewable energy, guaranteeing the power supply and enhancing the safety of the power grid.

  • Independent hybrid frequency regulation energy storage power station in the Republic of Congo

    Independent hybrid frequency regulation energy storage power station in the Republic of Congo

    With the rapid expansion of new energy, there is an urgent need to enhance the frequency stability of the power system. The energy storage (ES) stations make it possible effectively. However, the frequency regulatio. ••The frequency regulation power optimization framework for multiple r. AcronymsAGC automatic generation controlES energy storageTPU traditional power unitFR frequency regulationSOC state of chargeTOPSIS te. Many new energies with low inertia are connected to the power grid to achieve global low-carbon emission reduction goals. The intermittent and uncertain natures of the new energi. The framework of frequency regulation power optimization comprises a power rolling distribution module and an efficiency evaluation module, as shown in Fig. 1.The power rollin. 3.1. Power rolling distribution module•1)Power distribution between TPUs and ES stationsWhen frequency fluctuation occurs in the system, the total FR demand is calculated by t.

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    FAQs about Independent hybrid frequency regulation energy storage power station in the Republic of Congo

    Do hybrid energy storage power stations improve frequency regulation?

    To leverage the efficacy of different types of energy storage in improving the frequency of the power grid in the frequency regulation of the power system, we scrutinized the capacity allocation of hybrid energy storage power stations when participating in the frequency regulation of the power grid.

    Is power and capacity configuration feasible for hybrid energy storage?

    According to the required power for frequency regulation for energy storage, the power and capacity configuration of the hybrid energy storage is feasible. 3. Capacity Configuration Method for Hybrid Energy Storage 3.1. Northern Goshawk Optimization Algorithm (NGO)

    Is hybrid energy storage capacity allocation suitable for regional grids?

    The hybrid energy storage capacity allocation method proposed in this article is suitable for regional grids affected by continuous disturbances causing grid frequency variations. For step disturbances, the decomposition modal number in this method is relatively small, and its applicability is limited.

    How does hybrid energy storage work?

    2.1. Principles of Hybrid Energy Storage Participation in Grid Frequency Regulation In grid frequency regulation, a standard target frequency is typically set to 50 Hz. The grid frequency is then modulated by adjusting the rotational speed of generators to manage the power output .

    What are the principles of primary frequency regulation in energy storage stations?

    Principles of Primary Frequency Regulation in Energy Storage Stations 2.1. Principles of Hybrid Energy Storage Participation in Grid Frequency Regulation In grid frequency regulation, a standard target frequency is typically set to 50 Hz.

    Can MATLAB/Simulink provide a regional model of a primary frequency regulation system?

    Using MATLAB/Simulink, we established a regional model of a primary frequency regulation system with hybrid energy storage, with which we could obtain the target power required by the system when continuous load disturbance of the regional power grid causes frequency fluctuation.

  • The latest national standards for new energy batteries

    The latest national standards for new energy batteries

    Nusrat Ghani MP, Minister of State for Industry and Economic Security at the Department for Business and Trade and Minister of State for the Investment Security Unit at the Cabinet Office. Batteries are essential products in modern, industrialised economies. In recent years, they. Why is the battery sector important for the UK?Batteries are essential products in modern, industrialised economies. In recent years, they have grown. The UK's vision and objectivesThe government's 2030 vision is for the UK to have a globally competitive battery supply chain that supports economic prosperity and th. This strategy is designed to set an ambition and the government's framework for implementation. The actions cut across government departmental boundaries, so it will be important. GlossaryBattery: Generally taken to mean a battery pack, which usually comprises several connected battery modules made up of a cluster of cells.B.

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    FAQs about The latest national standards for new energy batteries

    What are the new battery standards?

    The new standards underpin innovation and enables consistent practices in the production of batteries and the development of battery technology with guidance on health, safety and environmental considerations in battery manufacturing and use.

    What are the UK battery standards?

    The standards are intended to help scale-up and advance the production, safe use and recycling of batteries in the UK, in a growing market worth an estimated £5 billion in the UK and £50 billion across Europe by 2025 3.

    Who develops battery standards?

    The standards have been developed by two separate steering groups 2 made-up of technical experts from organizations in the battery manufacturing and automotive industries, regulatory bodies, representatives of the UK research and development community and consumer interest groups.

    What is the new EV battery standard?

    The new standard is intended to establish a common understanding and approach to EV battery cell manufacture and use. It covers 12 themes including sourcing; chemical management (occupational health, personnel safety); waste handling; and environmental impact.

    What are battery safety requirements?

    These include performance and durability requirements for industrial batteries, electric vehicle (EV) batteries, and light means of transport (LMT) batteries; safety standards for stationary battery energy storage systems (SBESS); and information requirements on SOH and expected lifetime.

    Will the government consider national security risks in the UK battery supply chain?

    The government will properly consider the national security risks associated with investment into the UK battery supply chain, during their manufacture, development, and the ongoing operation of assets.

  • 2022 National Energy Storage Inverter Production

    2022 National Energy Storage Inverter Production

    • The United States installed approximately 10. 6 GWac of energy storage onto the electric grid in 2021, up 197% y/y. 97/Wdc)—down 11% y/y in Wac but up 8% in Wdc.


    FAQs about 2022 National Energy Storage Inverter Production

    What is the 2022 biennial energy storage review?

    The 2022 Biennial Energy Storage Review serves the purpose defined in EISA Section 641(e)(5) and presents the Subcommittee's and EAC's findings and recommendations for DOE.

    Will solar power grow in 2022?

    Utility-scale PV is poised for growth in 2022, as projects delayed in 2021 owing to high equipment costs likely will be built in 2022, and more gigawatt-scale “mega energy bases” are scheduled for construction. China installed 13.2 GWdc in Q1 2022, a 148% increase, y/y.

    How did solar stocks start 2022?

    Solar stocks started 2022 by continuing last year's downward trend, with the Invesco Solar ETF dropping 24% in the first two months. Solar stock prices rebounded, however, as reactions to Russia's invasion of Ukraine on February 24 increased fossil fuel prices along with demand for renewable energy investments.

    Should inverters follow IEEE standard 2800-2022?

    Inverters should follow IEEE Standard 2800-2022 to ensure high-speed data collection at the inverter level (or at least at the plant level). There is a need for more commercially proven, long-duration storage options: flow, gravity, rail, and so forth. It seems that these technologies are continuously stuck in the testing phase.

    How many GW AC of PV ni verters were manufactured abroad?

    ac of PV ni verters were manufactured gol bayll w, tih 121 GW ac, or 66%, from companies headquartered ni Chni a . Most of the European and Chni ese companeis manufacut re domescitayll b, ut many ni verter manufac turers produce products abroad – partciual ryl those tha tproduce moduel -level-power-electronics (MLPE).

    Why did China drop from 236 MW to 2 MW in 2021?

    China dropped from 236 MW PV cells in 2020 to <2 MW in 2021, with the difference mainly being made up by increased imports from Malaysia, Vietnam, and Thailand. Cell data uses HTS codes: 8541406030, 8541406025; module data uses codes: 8541406015, 8541406020, 8541406035.

  • Qualification requirements for undertaking energy storage projects

    Qualification requirements for undertaking energy storage projects

    ESIP Application Requirements Completion of a Minimum of OSHA 30 Outreach Training Program for the Construction Industry (or State or Provincial equivalent); AND; Completion of 58 hours of advanced energy storage training; AND; Proof of decision making role in projects involving energy storage; AND.


    FAQs about Qualification requirements for undertaking energy storage projects

    What are the requirements for energy storage systems?

    Energy storage systems shall be installed in accordance with NFPA 70. Inverters shall be listed and labeled in accordance with UL 1741 or provided as part of the UL 9540 listing. Systems connected to the utility grid shall use inverters listed for utility interaction.

    What qualifications do I need to become an electrical energy storage system?

    Applicants should be working within the electrical industry and ideally hold a formal level 3 electrical qualification and must hold a current BS7671 qualification. You will be asked to provide copies of certificates by email to the Training Centre. What is an Electrical Energy Storage System?

    What is the Bess energy storage program?

    The newly launched energy storage program enables reaching 50% of renewable energy in the Kingdom's energy mix by 2030, and enhances the reliability and resilience of the electric power system. For more information about BESS projects in the Kingdom, please visit

    How many MW / 4 hrs is a Bess project?

    Each SPV will enter into a 15-year Storage Services Agreement with SPPC. The combined capacity of Group 1 BESS projects is 2000 MW / 4 Hrs (8000 MWh), comprising the following projects: The 500MW/4Hrs Al-Muwyah BESS ISPSite Location: Makkah province, KSA. The 500MW/4Hrs Haden BESS ISPSite location: Makkah province, KSA.

    What is the combined capacity of Group 1 Bess projects?

    The combined capacity of Group 1 BESS projects is 2000 MW / 4 Hrs (8000 MWh), comprising the following projects: The 500MW/4Hrs Al-Muwyah BESS ISPSite Location: Makkah province, KSA. The 500MW/4Hrs Haden BESS ISPSite location: Makkah province, KSA. The 500MW/4Hrs Al-Khushaybi BESS ISPSite location: Qassim province, KSA.

  • Pollution issues of energy storage charging piles

    Pollution issues of energy storage charging piles

    This paper puts forward the dynamic load prediction of charging piles of energy storage electric vehicles based on time and space constraints in the Internet of Things environment, which can improve the load prediction effect of charging piles of electric vehicles and solve the problems of difficult power grid control and low power.


    FAQs about Pollution issues of energy storage charging piles

    Are smart charging piles sustainable?

    This study contributes a sustainable framework for the development and design of smart charging piles and related products, further promoting the adoption of green design principles and symmetry design concepts within the supporting infrastructure of new energy vehicles.

    What is energy storage charging pile equipment?

    Design of Energy Storage Charging Pile Equipment The main function of the control device of the energy storage charging pile is to facilitate the user to charge the electric vehicle and to charge the energy storage battery as far as possible when the electricity price is at the valley period.

    How does the energy storage charging pile interact with the battery management system?

    On the one hand, the energy storage charging pile interacts with the battery management system through the CAN bus to manage the whole process of charging.

    What are the challenges faced by the charging pile industry?

    Moreover, the charging pile industry faces numerous challenges, including lagging construction, imbalanced development, low utilization rates, and irrational layouts . These problems cannot be resolved by merely relying on product design rooted in traditional experience and conventional operational logic.

    Can battery energy storage technology be applied to EV charging piles?

    In this paper, the battery energy storage technology is applied to the traditional EV (electric vehicle) charging piles to build a new EV charging pile with integrated charging, discharging, and storage; Multisim software is used to build an EV charging model in order to simulate the charge control guidance module.

    What is a charging pile?

    Serving as a core component in the era of electrified transportation, charging piles provide essential fast-charging services for new energy vehicles, thereby ensuring that daily travel needs are adequately met.

  • Battery cycle energy consumption

    Battery cycle energy consumption

    As the production of automotive battery cells has expanded worldwide, concerns have arisen regarding the corresponding energy consumption and greenhouse gas (GHG) emissions. However, data on the energy co. COPcoefficient of performanceEVelectric. Rising concerns about climate change have motivated political and industrial decision-makers to reduce greenhouse gas (GHG) emissions. The transport sector is responsible for m. A variety of methods are available for analysing the environmental impacts of products. Life cycle assessment (LCA) is the preferred choice in the scientific community to ass. 3.1. ScopeThe scope of this study was gate-to-gate battery cell production. Other life cycle stages, such as material mining and the use phase, were. 4.1. Baseline energy consumption and GHG emissionsThe energy consumption of each step of battery cell production for the baseline scenario is show.

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    FAQs about Battery cycle energy consumption

    How much energy does a battery use?

    Energy use for battery manufacturing with current technology is about 350 – 650 MJ/kWh battery. b) How large are the greenhouse gas emissions related to different production steps including mining, processing and assembly/manufacturing? Mining and refining seem to contribute a relatively small amount to the current life cycle of the battery.

    How much energy is consumed during battery cell production?

    All other steps consumed less than 2 kWh/kWh of battery cell capacity. The total amount of energy consumed during battery cell production was 41.48 kWh/kWh of battery cell capacity produced. Of this demand, 52% (21.38 kWh/kWh of battery cell capacity) was required as natural gas for drying and the drying rooms.

    Does minimizing energy consumption improve battery performance?

    In addition, simply increasing the duration of each charge by minimizing the energy consumption of a battery-powered system will not necessarily maximize the lifetime of the battery pack. 4 While several studies have been done to optimize battery performance, the focus was on the optimization of energy and power densities.

    How will energy consumption of battery cell production develop after 2030?

    A comprehensive comparison of existing and future cell chemistries is currently lacking in the literature. Consequently, how energy consumption of battery cell production will develop, especially after 2030, but currently it is still unknown how this can be decreased by improving the cell chemistries and the production process.

    How does battery cycle life optimization affect battery performance?

    Optimized parameter values for battery cycle life. Fig. 5 compares the cell performance before and after optimization during charge and discharge cycling. The capacity degradation is faster at the beginning and gradually slows down. After cycle life optimization, the capacity is very stable with cycling. Figure 5.

    How will battery technology affect energy consumption?

    Fourth, owing to large investments in battery production infrastructure, research and development, the resulting technology improvements and techno-economic effects promise a reduction in energy consumption per produced cell energy by two-thirds until 2040, compared with the present technology and know-how level.

  • New Energy Lead-Acid Battery Pack Maintenance Video

    New Energy Lead-Acid Battery Pack Maintenance Video

    To maximize the lifetime of your lead-acid batteries they need to be properly maintained. In this video, Clint shares how to maintain your batteries.


    FAQs about New Energy Lead-Acid Battery Pack Maintenance Video

    Can lead acid batteries be reconditioned?

    Lead acid batteries can sometimes sustain damage that cannot be repaired through reconditioning. A common issue is sulfation, where lead sulfate crystals accumulate on the battery plates. Severe sulfation may reduce the battery's capacity beyond recovery, making replacement necessary.

    How do you recondition a lead acid battery?

    Steps to Recondition a Lead-Acid Battery Safety First: Wear safety goggles and gloves to protect yourself from the corrosive acid. Remove the Battery: Take the battery out of the vehicle or equipment. Open the Cells: Remove the caps from the battery cells. Some batteries have screw-in caps, while others have rubber plugs.

    What is a lead acid battery management system (BMS)?

    Implementing a Lead Acid BMS comes with numerous advantages, enhancing both performance and safety: Extended Battery Life: By preventing overcharging and deep discharges, a BMS can significantly extend the life of a lead-acid battery. This is especially important in applications like solar storage, where cycling is frequent.

    What is a lead-acid battery?

    Lead-acid batteries have been around for over 150 years and remain widely used due to their reliability, affordability, and robustness. These batteries are made up of lead plates submerged in sulfuric acid, and their energy storage capacity makes them ideal for high-current applications. There are three main types of lead-acid batteries:

    What happens when a lead acid battery is charged?

    When charging a lead acid battery, sulfuric acid reacts with lead in the positive plates to produce lead sulfate and hydrogen ions. Simultaneously, lead in the negative plates reacts with hydrogen ions to form lead sulfate and release electrons. This chemical reaction generates electrical energy used to power devices.

    What is a lead acid battery balancing system?

    In some systems, particularly those with large battery banks, active balancing is used to transfer energy from one cell to another in real-time, while passive balancing simply dissipates excess energy as heat. Implementing a Lead Acid BMS comes with numerous advantages, enhancing both performance and safety:

  • Do new energy batteries charge quickly

    Do new energy batteries charge quickly

    A more accurate measure is to look at the time it takes to charge a battery from 20% to 80%, as charging speeds are steadier within this range. (Speeds are faster below 20% and slower above 80%).


    FAQs about Do new energy batteries charge quickly

    Can a battery charge fast?

    Batteries that can charge quickly while also being small, light, and long-lasting would be a step forward. The trade-off between high capacity and fast charging comes down to the way charged molecules called ions move around in batteries. As a battery charges, an electric current pushes lithium ions from one side of the cell to the other.

    How long does it take a battery to charge?

    Nevertheless, batteries usually require several hours to complete a full charger [11, 12]. Therefore, batteries usually take several hours to fully charge [8, 13]. Limited by battery charging mechanisms and technologies, the fastest charging time may currently take up to 30 min to attain an 80 % state of charge (SOC).

    Could a new battery speed EV charging?

    CATL's new Shenxing batteries could speed EV charging. CATL Chinese battery giant CATL unveiled a new fast-charging battery last week—one that the company says can add up to 400 kilometers (about 250 miles) of range in 10 minutes.

    Can fast charging improve battery life?

    More and more researchers are exploring fast charging strategies for LIBs to reduce charging time, increase battery longevity, and improve overall performance, driven by the growing popularity of EVs. Nevertheless, fast charging poses challenges such as energy wastage, temperature rise, and reduced battery lifespan.

    Could a new battery technology accelerate the recharge time of a battery?

    A multinational team from the University of Science and Technology of China (USTC) and the University of California developed a new method that accelerated the recharge time of a battery with a similar energy density to those found in electric vehicles.

    Can a new lithium battery charge in 5 minutes?

    A team in Cornell Engineering created a new lithium battery that can charge in under five minutes – faster than any such battery on the market – while maintaining stable performance over extended cycles of charging and discharging.

  • How is the efficiency of Lisbon s energy storage photovoltaic power generation

    How is the efficiency of Lisbon s energy storage photovoltaic power generation

    41% increase in PV module efficiency through lower temperature maintenance. Boosted overall rated power output by 2. Amid escalating climate concerns, particularly global warming, there is a significant shift towards renewable energy sources.


    FAQs about How is the efficiency of Lisbon s energy storage photovoltaic power generation

    How does government policy affect solar PV power efficiency?

    They also have relatively greater expectations of non-fossil-fuel energy generation, which will also increase the level of attention given to solar PV generation; furthermore, more government policies and researcher input will influence solar PV power efficiency,, . 3. Results and discussion

    Why are concentrated photovoltaics important?

    In this context, Concentrated Photovoltaics (CPV) play a crucial role in renewable energy generation and carbon emission reduction as a highly efficient and clean power generation technology .

    What are the objectives of the modelling of the Portuguese power system?

    The objectives of the modelling of the Portuguese power system are the following: The prediction of the energy mix for 2030. The prediction of the utilisation of the storage capacity, namely with projections of the energy consumed by pumped hydro storage (PHS).

    How does thermodynamic analysis improve photovoltaic system performance?

    A comprehensive thermodynamic analysis optimizes the coupled system's operation and evaluates its economic benefits. The integrated system improves generation efficiency and economic viability of CPVS, resulting in a 24.41 % increase in photovoltaic module efficiency and a 2.03 % increase in overall rated power output.

    How did the financial crisis affect solar PV power efficiency?

    The average solar PV power efficiency score fluctuated around 0.8 for the five years from 2000 to 2004 and decreased for the four years from 2004 to 2007, indicating that the global financial crisis of 2007–2008 had a significant impact on the economy and on energy.

    What is the importance of assessing solar PV power efficiency?

    The importance of assessing solar PV power efficiency is of interest to the vast majority of economies. A country should measure solar PV power efficiency and keep related records. Therefore, this study used economic dimensions in its analysis. The remainder of the paper is organized as follows.

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