Abstract
This paper presents a new economic profitability model for a power-to-gas plant producing green hydrogen at the site of an existing wind power plant injected into the gas grid. The model is based on a 42 MW wind power plant, for which an optimal electrolyzer of 10 MW was calculated based on the 2500 equivalent full load hours per year and the projection of electricity prices. The model is calculated on an hourly level for all variables of the 25 years of the model. With the calculated breakeven electricity price of 74.23 EUR/MWh and the price of green hydrogen production of 99.44 EUR/MWh in 2045, the wind power plant would produce 22,410 MWh of green hydrogen from 31% of its total electricity production. Green hydrogen injected into the gas system would reduce the level of CO2 emissions by 4482 tons. However, with the projected prices of natural gas and electricity, the wind power plant would cover only 20% of the income generated by the electricity delivered to the grid by producing green hydrogen. By calculating different scenarios in the model, the authors concluded that the introduction of a premium subsidy model is necessary to accelerate deployment of electrolyzers at the site of an existing wind power plant in order to increase the wind farm profitability.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
