Techno-Economic Analysis for Co-located Solar and Hydrogen Plants

Honglin Li; Juha Kiviluoma; Jie Zhang

doi:10.1109/EEM58374.2023.10161786

Techno-Economic Analysis for Co-located Solar and Hydrogen Plants

Honglin Li, Juha Kiviluoma, Jie Zhang

The University of Texas at Dallas

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

Abstract

Power-to-X technologies with flexible electricity consumption has the potential improve the utilization of variable power generation. Both concentrated solar power (CSP) and photovoltaic (PV) plants can be used to produce green hydrogen, utilizing high temperature electrolyzers (HTE) or low temperature electrolyzers (LTE), respectively. There have been limited studies examining the feasibility of co-locating solar and hydrogen plants from a techno-economic standpoint. This paper presents a detailed analysis and optimization to compare the economic feasibility of an integrated CSP and HTE system versus an integrated PV and LTE system. It is assumed that the steam generated by the CSP is solely directed towards HTE, while the electricity produced by the PV system is either supplied to the grid or directed towards the LTE system. The Renewable Energy Integration & Optimization (REopt) and System Advisor Model (SAM) frameworks developed by the National Renewable Energy Laboratory (NREL) are adopted and modified to perform the analysis. The results of the case study indicate that the integrated CSP and HTE system is more economically feasible compared to the integrated PV and LTE system, mainly due to the lower cost of thermal energy storage.

Original language	English
Title of host publication	2023 19th International Conference on the European Energy Market, EEM 2023
Publisher	IEEE Institute of Electrical and Electronic Engineers
Number of pages	6
ISBN (Electronic)	9798350312584
DOIs	https://doi.org/10.1109/EEM58374.2023.10161786
Publication status	Published - 2023
MoE publication type	A4 Article in a conference publication
Event	19th International Conference on European Energy Markets, EEM 2023 - Lappeenranta, Finland Duration: 6 Jun 2023 → 8 Jun 2023 https://www.lut.fi/en/eem23

Publication series

Series	International Conference on the European Energy Market, EEM
Volume	2023-June
ISSN	2165-4077

Conference

Conference	19th International Conference on European Energy Markets, EEM 2023
Country/Territory	Finland
City	Lappeenranta
Period	6/06/23 → 8/06/23
Internet address	https://www.lut.fi/en/eem23

Keywords

concentrated solar power (CSP)
hydrogen
photovoltaic (PV)
techno-economic analysis (TEA)

UN SDGs

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

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10.1109/EEM58374.2023.10161786

Cite this

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title = "Techno-Economic Analysis for Co-located Solar and Hydrogen Plants",

abstract = "Power-to-X technologies with flexible electricity consumption has the potential improve the utilization of variable power generation. Both concentrated solar power (CSP) and photovoltaic (PV) plants can be used to produce green hydrogen, utilizing high temperature electrolyzers (HTE) or low temperature electrolyzers (LTE), respectively. There have been limited studies examining the feasibility of co-locating solar and hydrogen plants from a techno-economic standpoint. This paper presents a detailed analysis and optimization to compare the economic feasibility of an integrated CSP and HTE system versus an integrated PV and LTE system. It is assumed that the steam generated by the CSP is solely directed towards HTE, while the electricity produced by the PV system is either supplied to the grid or directed towards the LTE system. The Renewable Energy Integration & Optimization (REopt) and System Advisor Model (SAM) frameworks developed by the National Renewable Energy Laboratory (NREL) are adopted and modified to perform the analysis. The results of the case study indicate that the integrated CSP and HTE system is more economically feasible compared to the integrated PV and LTE system, mainly due to the lower cost of thermal energy storage.",

keywords = "concentrated solar power (CSP), hydrogen, photovoltaic (PV), techno-economic analysis (TEA)",

author = "Honglin Li and Juha Kiviluoma and Jie Zhang",

note = "Funding Information: ACKNOWLEDGMENT This material is based upon the work supported by the U.S. Department of Energy under Award No. DE-NE0008899 and Dr. Zhang{\textquoteright}s Fulbright U.S. Scholar award. Publisher Copyright: {\textcopyright} 2023 IEEE.; 19th International Conference on European Energy Markets, EEM 2023 ; Conference date: 06-06-2023 Through 08-06-2023",

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doi = "10.1109/EEM58374.2023.10161786",

language = "English",

series = "International Conference on the European Energy Market, EEM",

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

booktitle = "2023 19th International Conference on the European Energy Market, EEM 2023",

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Li, H, Kiviluoma, J & Zhang, J 2023, Techno-Economic Analysis for Co-located Solar and Hydrogen Plants. in 2023 19th International Conference on the European Energy Market, EEM 2023. IEEE Institute of Electrical and Electronic Engineers, International Conference on the European Energy Market, EEM, vol. 2023-June, 19th International Conference on European Energy Markets, EEM 2023, Lappeenranta, Finland, 6/06/23. https://doi.org/10.1109/EEM58374.2023.10161786

Techno-Economic Analysis for Co-located Solar and Hydrogen Plants. / Li, Honglin; Kiviluoma, Juha; Zhang, Jie.
2023 19th International Conference on the European Energy Market, EEM 2023. IEEE Institute of Electrical and Electronic Engineers, 2023. (International Conference on the European Energy Market, EEM, Vol. 2023-June).

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

TY - GEN

T1 - Techno-Economic Analysis for Co-located Solar and Hydrogen Plants

AU - Li, Honglin

AU - Kiviluoma, Juha

AU - Zhang, Jie

N1 - Funding Information: ACKNOWLEDGMENT This material is based upon the work supported by the U.S. Department of Energy under Award No. DE-NE0008899 and Dr. Zhang’s Fulbright U.S. Scholar award. Publisher Copyright: © 2023 IEEE.

PY - 2023

Y1 - 2023

N2 - Power-to-X technologies with flexible electricity consumption has the potential improve the utilization of variable power generation. Both concentrated solar power (CSP) and photovoltaic (PV) plants can be used to produce green hydrogen, utilizing high temperature electrolyzers (HTE) or low temperature electrolyzers (LTE), respectively. There have been limited studies examining the feasibility of co-locating solar and hydrogen plants from a techno-economic standpoint. This paper presents a detailed analysis and optimization to compare the economic feasibility of an integrated CSP and HTE system versus an integrated PV and LTE system. It is assumed that the steam generated by the CSP is solely directed towards HTE, while the electricity produced by the PV system is either supplied to the grid or directed towards the LTE system. The Renewable Energy Integration & Optimization (REopt) and System Advisor Model (SAM) frameworks developed by the National Renewable Energy Laboratory (NREL) are adopted and modified to perform the analysis. The results of the case study indicate that the integrated CSP and HTE system is more economically feasible compared to the integrated PV and LTE system, mainly due to the lower cost of thermal energy storage.

AB - Power-to-X technologies with flexible electricity consumption has the potential improve the utilization of variable power generation. Both concentrated solar power (CSP) and photovoltaic (PV) plants can be used to produce green hydrogen, utilizing high temperature electrolyzers (HTE) or low temperature electrolyzers (LTE), respectively. There have been limited studies examining the feasibility of co-locating solar and hydrogen plants from a techno-economic standpoint. This paper presents a detailed analysis and optimization to compare the economic feasibility of an integrated CSP and HTE system versus an integrated PV and LTE system. It is assumed that the steam generated by the CSP is solely directed towards HTE, while the electricity produced by the PV system is either supplied to the grid or directed towards the LTE system. The Renewable Energy Integration & Optimization (REopt) and System Advisor Model (SAM) frameworks developed by the National Renewable Energy Laboratory (NREL) are adopted and modified to perform the analysis. The results of the case study indicate that the integrated CSP and HTE system is more economically feasible compared to the integrated PV and LTE system, mainly due to the lower cost of thermal energy storage.

KW - concentrated solar power (CSP)

KW - hydrogen

KW - photovoltaic (PV)

KW - techno-economic analysis (TEA)

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U2 - 10.1109/EEM58374.2023.10161786

DO - 10.1109/EEM58374.2023.10161786

M3 - Conference article in proceedings

AN - SCOPUS:85165235106

T3 - International Conference on the European Energy Market, EEM

BT - 2023 19th International Conference on the European Energy Market, EEM 2023

PB - IEEE Institute of Electrical and Electronic Engineers

T2 - 19th International Conference on European Energy Markets, EEM 2023

Y2 - 6 June 2023 through 8 June 2023

ER -

Techno-Economic Analysis for Co-located Solar and Hydrogen Plants

Abstract

Publication series

Conference

Keywords

UN SDGs

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