Abstract
High share of solar and wind energy challenges current
energy systems as their production is intermittent and
seasonal. Power-to-gas (P2G), or more widely,
power-to-product (P2X) technologies producing synthetic
fuels or other products have the potential to address the
issue on intermittency and simultaneously contribute to
the reduction of CO2 concentration in the atmosphere.
Even though P2G technologies are available only a few
commercial business cases have been implemented. The main
focus in this paper has been on initial screening of
several industry-integrated P2X concepts in order to
identify the best business candidates for near term
deployment in sectors that would also have high global
impact. The work includes techno-economic feasibility
analyses of specific system operations from operator's /
investor's point of view in several market scenarios. As
main results operational costs and incomes as well as
profitability indicators (profit, EBIT, EBIT DA, payback
time, pre-tax IRR, LCOF) are presented for selected
business cases. As the paying capability seems to be the
best in transportation sector, the most potential
applications are determined by the utilisation
possibilities of the side-streams from PtX processes and
possibility to avoid electricity transmission costs as
well as costs of CO2 or CO utilisation. In general,
utilisation of at least 1-2 side products (heat, oxygen,
steam) for additional revenue is typically required to
enable profitability. Power-to-gas (P2G), or more widely,
power-to-product (P2X) technologies producing synthetic
gaseous fuels or other products have the potential to
address the issue on intermittency and simultaneously
contribute to the reduction of CO2 concentration in the
atmosphere. It seems that in current business conditions
P2X technologies are on the brink of profitable
commercial project appearance.
Original language | English |
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Title of host publication | Conference Proceedings of the 10th International Renewable Energy Storage Conference (IRES 2016) |
Publisher | The European Association for Renewable Energy (EUROSOLAR) |
Publication status | Published - 2016 |
MoE publication type | Not Eligible |
Event | 10th International Renewable Energy Storage, IRES 2016 - Düsseldorf, Germany Duration: 15 Mar 2016 → 17 Mar 2016 |
Conference
Conference | 10th International Renewable Energy Storage, IRES 2016 |
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Abbreviated title | IRES 2016 |
Country | Germany |
City | Düsseldorf |
Period | 15/03/16 → 17/03/16 |