The ongoing transition to energy systems with high shares of variable renewables motivates the development of novel thermal power cycles that operate economically at low capacity factors to accommodate wind and solar intermittency. This study presents two recuperated power cycles with low capital costs for this market segment: (1) the near-isothermal hydrogen turbine (NIHT) concept, capable of achieving combined cycle efficiencies without a bottoming cycle through fuel combustion in the expansion path, and (2) the intercooled recuperated water-injected (IRWI) power cycle that employs conventional combustion technology at an efficiency cost of only 4% points. The economic assessment carried out in this work reveals that the proposed cycles increasingly outperform combined cycle benchmarks with and without CO2 capture as the plant capacity factor reduces below 50%. When the cost of fuel storage and delivery by pipelines is included in the evaluation, however, plants fired by hydrogen lose competitiveness relative to natural gas-fired plants due to the high fuel delivery costs caused by the low volumetric energy density of hydrogen. This important but uncertain cost component could erode the business case for future hydrogen-fired power plants, in which case the IRWI concept powered by natural gas emerges as a promising solution.
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