Economic analysis of an installation producing hydrogen through water electrolysis
Abstract
This paper presents an economic analysis of an installation that produces hydrogen through water electrolysis. The purposeof the economic analysis performed for the hydrogen generator was to determine the break-even price of hydrogen. Incalculations the NPV (Net Present Value) indicator was used. The reference system had installed power of 10 MW andworked 8 hours a day (2920 hours per year) during the valley of demand for electricity. The installation’s lifetime was assumedto be 100,000 hours. The efficiency of the hydrogen generator was assumed to be 80% during operation at maximum power.References
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power-to-gas-to-power installations, Applied energy 216 (2018) 45–59.
[6] J. Milewski, K. Badyda, Ł. Szabłowski, Compressed air energy storage
systems, Journal of Power Technologies 96 (4) (2016) 245–260.
[7] J. Kupecki, K. Motylinski, J. Milewski, Dynamic analysis of direct internal
reforming in a sofc stack with electrolyte-supported cells using a
quasi-1d model, Applied Energy 227 (2018) 198–205.
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hydrogen-producing electrolyzers [in Polish]. Rynek Energii 2016, nr
1(122), s. 59-65.
[9] R. Kothari, D. Buddhi, R. Sawhney, Comparison of environmental and
economic aspects of various hydrogen production methods, Renewable
and Sustainable Energy Reviews 12 (2) (2008) 553–563.
[10] P. Nikolaidis, A. Poullikkas, A comparative overview of hydrogen production
processes, Renewable and sustainable energy reviews 67
(2017) 597–611.
[11] Kotowicz J., Jurczyk M., Ogulewicz W., We˛cel D.: Dynamic characteristics
of the water electrolysis process [in Polish]. Rynek Energii, 2017,
nr 1 (128), s. 50-55.
[12] Ł. Bartela, J. Kotowicz, K. Dubiel, Technical–economic comparative
analysis of the energy storage systems equipped with the hydrogen
generation installation, Journal of Power Technologies 96 (2) (2016)
92–100.
[13] J. Kotowicz, A. Balicki, Analysis of the thermodynamic and economic
effciency of a supercritical power unit with a lignite-fed cfb boiler and an
air separation unit based on high-temperature membrane technology,
Journal of Power Technologies 93 (5) (2013) 308–313.
[14] A. Skorek-Osikowska, Ł. Bartela, J. Kotowicz, Thermodynamic and
economic effectiveness of a chp unit with piston engine fueled with
gas from biomass gasification, Journal of Power Technologies 95 (1)
(2014) 73–78.
[15] W. Uchman, A. Skorek-Osikowska, S. Werle, Evaluation of the potential
of the production of electricity and heat using energy crops with
phytoremediation features, Applied Thermal Engineering 126 (2017)
194–203.
[16] J. Kotowicz, Elektrownie gazowo-parowe, Wydawnictwo Kaprint, 2008.
characteristics for storage of renewably-generated energy, Energy 118
(2017) 156–171.
[2] J. Kotowicz, M. Jurczyk, D. We˛cel, W. Ogulewicz, Analysis of hydrogen
production in alkaline electrolyzers, Journal of Power Technologies
96 (3) (2016) 149–156.
[3] Kotowicz J., Jurczyk M., We˛cel D.: Problems of hydrogen storage.
Conference materials: Topical Issues Of Rational Use Of Natural Resources;
St. Petersburg; 2017, Volume II.
[4] Ogulewicz W., We˛cel D., Wiciak G., Łukowicz H.: The concept of research
installation - photovoltaic system - hydrogen generator - fuel
cell [in Polish]. Rynek Energii 2010, nr 2 (87), s. 108-112.
[5] J. Kotowicz, D. We˛cel, M. Jurczyk, Analysis of component operation in
power-to-gas-to-power installations, Applied energy 216 (2018) 45–59.
[6] J. Milewski, K. Badyda, Ł. Szabłowski, Compressed air energy storage
systems, Journal of Power Technologies 96 (4) (2016) 245–260.
[7] J. Kupecki, K. Motylinski, J. Milewski, Dynamic analysis of direct internal
reforming in a sofc stack with electrolyte-supported cells using a
quasi-1d model, Applied Energy 227 (2018) 198–205.
[8] We˛cel D, Ogulewicz W., Kotowicz J., Jurczyk M.: The dynamics of
hydrogen-producing electrolyzers [in Polish]. Rynek Energii 2016, nr
1(122), s. 59-65.
[9] R. Kothari, D. Buddhi, R. Sawhney, Comparison of environmental and
economic aspects of various hydrogen production methods, Renewable
and Sustainable Energy Reviews 12 (2) (2008) 553–563.
[10] P. Nikolaidis, A. Poullikkas, A comparative overview of hydrogen production
processes, Renewable and sustainable energy reviews 67
(2017) 597–611.
[11] Kotowicz J., Jurczyk M., Ogulewicz W., We˛cel D.: Dynamic characteristics
of the water electrolysis process [in Polish]. Rynek Energii, 2017,
nr 1 (128), s. 50-55.
[12] Ł. Bartela, J. Kotowicz, K. Dubiel, Technical–economic comparative
analysis of the energy storage systems equipped with the hydrogen
generation installation, Journal of Power Technologies 96 (2) (2016)
92–100.
[13] J. Kotowicz, A. Balicki, Analysis of the thermodynamic and economic
effciency of a supercritical power unit with a lignite-fed cfb boiler and an
air separation unit based on high-temperature membrane technology,
Journal of Power Technologies 93 (5) (2013) 308–313.
[14] A. Skorek-Osikowska, Ł. Bartela, J. Kotowicz, Thermodynamic and
economic effectiveness of a chp unit with piston engine fueled with
gas from biomass gasification, Journal of Power Technologies 95 (1)
(2014) 73–78.
[15] W. Uchman, A. Skorek-Osikowska, S. Werle, Evaluation of the potential
of the production of electricity and heat using energy crops with
phytoremediation features, Applied Thermal Engineering 126 (2017)
194–203.
[16] J. Kotowicz, Elektrownie gazowo-parowe, Wydawnictwo Kaprint, 2008.
Published
2019-09-14
How to Cite
KOTOWICZ, Janusz; JURCZYK, Michał.
Economic analysis of an installation producing hydrogen through water electrolysis.
Journal of Power Technologies, [S.l.], v. 99, n. 3, p. 170–175, sep. 2019.
ISSN 2083-4195.
Available at: <https://papers.itc.pw.edu.pl/index.php/JPT/article/view/1513>. Date accessed: 22 dec. 2024.
Issue
Section
Energy Conversion and Storage
Keywords
energy storage, hydrogen, hydrogen generator, electrolyzer
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