ABSTRACT In order to address the future demands for large-scale and efficient hydrogen storage and utilization, while considering the need of power dispatch and peak shaving, in this article, based on the cycle part load models and the conceptual design of the main components, the R-Graz cycle design parameters have been reoptimized, and subsequently, an analysis of the part load behavior and performance characteristics was conducted. The results show that within the load range discussed in this paper, i.e., 50% to 100%, the components of the R-Graz cycle are well matched, enabling high-efficiency operation. The net cycle efficiencies are 64.4% and 71.0% for 50% and 100% load respectively. Within this wide load range, the performance of the R-Graz cycle surpasses that of the Graz cycle consistently. When the load decreases, key parameters of the R-Graz cycle’s main components, such as rotational speed, pressure, temperature, mass flow rate and split ratio also decrease. Performance analysis under varying load conditions reveals that the maximum temperature in the cycle is a critical parameter affecting the efficiency of the R-Graz cycle. The research findings of this article lay the foundation for the practical application of the R-Graz cycle.