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Economic Analysis of a Photovoltaic Hydrogen Refueling Station Based on Hydrogen Load

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  • Lifei Song

    (Innovation and Entrepreneurship Engineering Training Center, Shanghai University of Electric Power, Shanghai 201306, China
    Faculty of Environmental Engineering, The University of Kitakyushu, Kitakyushu 808-0135, Japan)

  • Weijun Gao

    (Faculty of Environmental Engineering, The University of Kitakyushu, Kitakyushu 808-0135, Japan)

  • Liting Zhang

    (College of Energy and Mechanical Engineering, Shanghai University of Electric Power, Shanghai 201306, China)

  • Qifen Li

    (College of Energy and Mechanical Engineering, Shanghai University of Electric Power, Shanghai 201306, China)

  • Hongbo Ren

    (College of Energy and Mechanical Engineering, Shanghai University of Electric Power, Shanghai 201306, China)

Abstract

With the goal of achieving “carbon peak in 2030 and carbon neutrality in 2060”, as clearly proposed by China, the transportation sector will face long–term pressure on carbon emissions, and the application of hydrogen fuel cell vehicles will usher in a rapid growth period. However, true “zero carbon” emissions cannot be separated from “green hydrogen”. Therefore, it is of practical significance to explore the feasibility of renewable energy hydrogen production in the context of hydrogen refueling stations, especially photovoltaic hydrogen production, which is applied to hydrogen refueling stations (hereinafter referred to “photovoltaic hydrogen refueling stations”). This paper takes a hydrogen refueling station in Shanghai with a supply capacity of 500 kg/day as the research object. Based on a characteristic analysis of the hydrogen demand of the hydrogen refueling station throughout the day, this paper studies and analyzes the system configuration, operation strategy, environmental effects, and economics of the photovoltaic hydrogen refueling station. It is estimated that when the hydrogen price is no less than 6.23 USD, the photovoltaic hydrogen refueling station has good economic benefits. Additionally, compared with the conventional hydrogen refueling station, it can reduce carbon emissions by approximately 1237.28 tons per year, with good environmental benefits.

Suggested Citation

  • Lifei Song & Weijun Gao & Liting Zhang & Qifen Li & Hongbo Ren, 2023. "Economic Analysis of a Photovoltaic Hydrogen Refueling Station Based on Hydrogen Load," Energies, MDPI, vol. 16(17), pages 1-24, September.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:17:p:6406-:d:1232804
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    References listed on IDEAS

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    1. Abadie, Luis Mª & Chamorro, José M., 2023. "Investment in wind-based hydrogen production under economic and physical uncertainties," Applied Energy, Elsevier, vol. 337(C).
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