P2X and Hydrogen Valleys Enhancing Wind Power Profitability

Robert Weiss; Jussi Ikaheimo; Kirsikka Kiviranta; Tiia Kanto

doi:10.1109/EEM64765.2025.11050212

P2X and Hydrogen Valleys Enhancing Wind Power Profitability

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

Abstract

In many power markets, wind power suffers from poor capture prices due to correlated weather in the area. This paper studied the contribution of local green hydrogen production on the profitability of WP production. A local market for hydrogen was assumed. The studied hydrogen market included different levels of industrial H2 demand and infrastructure, including investment plans for Power-toAmmonia, Power-to-Methane, and Power-to-Methanol plants. Using the techno-economic linear optimization model SmartP2X, we showed that reaching profitability in wind power was possible when the selling price of hydrogen in the local market was 3.5-4 kg. At this level, the H 2 production increased the wind power revenues by 8-12 MWh.

Original language	English
Title of host publication	2025 21st International Conference on the European Energy Market, EEM 2025
Publisher	IEEE Institute of Electrical and Electronic Engineers
ISBN (Electronic)	9798331512781
DOIs	https://doi.org/10.1109/EEM64765.2025.11050212
Publication status	Published - 2025
MoE publication type	A4 Article in a conference publication
Event	21st International Conference on the European Energy Market, EEM 2025 - Lisbon, Portugal Duration: 27 May 2025 → 29 May 2025

Conference

Conference	21st International Conference on the European Energy Market, EEM 2025
Country/Territory	Portugal
City	Lisbon
Period	27/05/25 → 29/05/25

Funding

This research was carried out in the FFS2 Towards Fossil Free Steel Phase 2 public research project (Dnro 5667/31/2023), with funding from Business Finland, VTT and company partners.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 9 Industry, Innovation, and Infrastructure

Keywords

Hydrogen
Hydrogen Market
Power Market
Power-to-X
Wind Power

Access to Document

10.1109/EEM64765.2025.11050212

Cite this

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title = "P2X and Hydrogen Valleys Enhancing Wind Power Profitability",

abstract = "In many power markets, wind power suffers from poor capture prices due to correlated weather in the area. This paper studied the contribution of local green hydrogen production on the profitability of WP production. A local market for hydrogen was assumed. The studied hydrogen market included different levels of industrial H2 demand and infrastructure, including investment plans for Power-toAmmonia, Power-to-Methane, and Power-to-Methanol plants. Using the techno-economic linear optimization model SmartP2X, we showed that reaching profitability in wind power was possible when the selling price of hydrogen in the local market was 3.5-4 kg. At this level, the H 2 production increased the wind power revenues by 8-12 MWh.",

keywords = "Hydrogen, Hydrogen Market, Power Market, Power-to-X, Wind Power",

author = "Robert Weiss and Jussi Ikaheimo and Kirsikka Kiviranta and Tiia Kanto",

year = "2025",

doi = "10.1109/EEM64765.2025.11050212",

language = "English",

booktitle = "2025 21st International Conference on the European Energy Market, EEM 2025",

publisher = "IEEE Institute of Electrical and Electronic Engineers",

address = "United States",

note = "21st International Conference on the European Energy Market, EEM 2025 ; Conference date: 27-05-2025 Through 29-05-2025",

}

Weiss, R , Ikaheimo, J , Kiviranta, K & Kanto, T 2025, P2X and Hydrogen Valleys Enhancing Wind Power Profitability. in 2025 21st International Conference on the European Energy Market, EEM 2025. IEEE Institute of Electrical and Electronic Engineers, 21st International Conference on the European Energy Market, EEM 2025, Lisbon, Portugal, 27/05/25. https://doi.org/10.1109/EEM64765.2025.11050212

P2X and Hydrogen Valleys Enhancing Wind Power Profitability. / Weiss, Robert ; Ikaheimo, Jussi ; Kiviranta, Kirsikka et al.
2025 21st International Conference on the European Energy Market, EEM 2025. IEEE Institute of Electrical and Electronic Engineers, 2025.

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

TY - GEN

T1 - P2X and Hydrogen Valleys Enhancing Wind Power Profitability

AU - Weiss, Robert

AU - Ikaheimo, Jussi

AU - Kiviranta, Kirsikka

AU - Kanto, Tiia

PY - 2025

Y1 - 2025

N2 - In many power markets, wind power suffers from poor capture prices due to correlated weather in the area. This paper studied the contribution of local green hydrogen production on the profitability of WP production. A local market for hydrogen was assumed. The studied hydrogen market included different levels of industrial H2 demand and infrastructure, including investment plans for Power-toAmmonia, Power-to-Methane, and Power-to-Methanol plants. Using the techno-economic linear optimization model SmartP2X, we showed that reaching profitability in wind power was possible when the selling price of hydrogen in the local market was 3.5-4 kg. At this level, the H 2 production increased the wind power revenues by 8-12 MWh.

AB - In many power markets, wind power suffers from poor capture prices due to correlated weather in the area. This paper studied the contribution of local green hydrogen production on the profitability of WP production. A local market for hydrogen was assumed. The studied hydrogen market included different levels of industrial H2 demand and infrastructure, including investment plans for Power-toAmmonia, Power-to-Methane, and Power-to-Methanol plants. Using the techno-economic linear optimization model SmartP2X, we showed that reaching profitability in wind power was possible when the selling price of hydrogen in the local market was 3.5-4 kg. At this level, the H 2 production increased the wind power revenues by 8-12 MWh.

KW - Hydrogen

KW - Hydrogen Market

KW - Power Market

KW - Power-to-X

KW - Wind Power

UR - https://www.scopus.com/pages/publications/105011068375

U2 - 10.1109/EEM64765.2025.11050212

DO - 10.1109/EEM64765.2025.11050212

M3 - Conference article in proceedings

AN - SCOPUS:105011068375

BT - 2025 21st International Conference on the European Energy Market, EEM 2025

PB - IEEE Institute of Electrical and Electronic Engineers

T2 - 21st International Conference on the European Energy Market, EEM 2025

Y2 - 27 May 2025 through 29 May 2025

ER -

P2X and Hydrogen Valleys Enhancing Wind Power Profitability

Abstract

Conference

Funding

UN SDGs

Keywords

Access to Document

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