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Model-based techno-economic evaluation of an electricity storage system based on Liquid Organic Hydrogen Carriers

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  • Eypasch, Martin
  • Schimpe, Michael
  • Kanwar, Aastha
  • Hartmann, Tobias
  • Herzog, Simon
  • Frank, Torsten
  • Hamacher, Thomas

Abstract

A techno-economic evaluation and feasibility study of a stationary electricity storage system is conducted for an application in an industrial plant. The analysis is based on a model that includes both technological and economic components. It assumes that electricity is produced through wind turbines and photovoltaic systems. The produced electricity can be stored by conversion to hydrogen through electrolysis and reconversion through thermal energy converters. The system stores the produced hydrogen using Liquid Organic Hydrogen Carriers (LOHC). As carrier material, dibenzyltoluene is selected. The model includes investment costs and calculations to conduct economic analysis. It is used to create economically optimized systems that give realistic cost estimations. Technical and economic data are taken from in-house experiments, quotes from manufacturers and literature. The application is evaluated for the electricity supply to a BMW Group production site located in Germany. Results show that at present, converting excess energy to heat is a more economical option than electricity storage using LOHC. However, if the goal is to provide a majority (>75%) of the needed electricity with on-site renewable energy, an energy storage system becomes economical to use today. Based on assumptions for the year 2030 a completely self-sufficient energy supply system built in 2030 is competitive to the electricity purchase from the grid.

Suggested Citation

  • Eypasch, Martin & Schimpe, Michael & Kanwar, Aastha & Hartmann, Tobias & Herzog, Simon & Frank, Torsten & Hamacher, Thomas, 2017. "Model-based techno-economic evaluation of an electricity storage system based on Liquid Organic Hydrogen Carriers," Applied Energy, Elsevier, vol. 185(P1), pages 320-330.
    • Handle: RePEc:eee:appene:v:185:y:2017:i:p1:p:320-330
    DOI: 10.1016/j.apenergy.2016.10.068
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    7. Godinho, João & Hoefnagels, Ric & Braz, Catarina G. & Sousa, Ana M. & Granjo, José F.O., 2023. "An economic and greenhouse gas footprint assessment of international maritime transportation of hydrogen using liquid organic hydrogen carriers," Energy, Elsevier, vol. 278(PA).
    8. Li, Nan & Zhao, Xunwen & Shi, Xunpeng & Pei, Zhenwei & Mu, Hailin & Taghizadeh-Hesary, Farhad, 2021. "Integrated energy systems with CCHP and hydrogen supply: A new outlet for curtailed wind power," Applied Energy, Elsevier, vol. 303(C).
    9. Hoffmann, Maximilian & Priesmann, Jan & Nolting, Lars & Praktiknjo, Aaron & Kotzur, Leander & Stolten, Detlef, 2021. "Typical periods or typical time steps? A multi-model analysis to determine the optimal temporal aggregation for energy system models," Applied Energy, Elsevier, vol. 304(C).
    10. Lahnaoui, Amin & Wulf, Christina & Heinrichs, Heidi & Dalmazzone, Didier, 2018. "Optimizing hydrogen transportation system for mobility by minimizing the cost of transportation via compressed gas truck in North Rhine-Westphalia," Applied Energy, Elsevier, vol. 223(C), pages 317-328.
    11. Luo, Yu & Liao, Shuting & Chen, Shuai & Fang, Huihuang & Zhong, Fulan & Lin, Li & Zhou, Chen & Chen, Chongqi & Cai, Guohui & Au, Chak-Tong & Jiang, Lilong, 2022. "Optimized coupling of ammonia decomposition and electrochemical oxidation in a tubular direct ammonia solid oxide fuel cell for high-efficiency power generation," Applied Energy, Elsevier, vol. 307(C).
    12. Stöckl, Fabian & Schill, Wolf-Peter & Zerrahn, Alexander, 2021. "Optimal supply chains and power sector benefits of green hydrogen," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11.
    13. Joakim Andersson, 2021. "Application of Liquid Hydrogen Carriers in Hydrogen Steelmaking," Energies, MDPI, vol. 14(5), pages 1-26, March.
    14. Runge, Philipp & Sölch, Christian & Albert, Jakob & Wasserscheid, Peter & Zöttl, Gregor & Grimm, Veronika, 2019. "Economic comparison of different electric fuels for energy scenarios in 2035," Applied Energy, Elsevier, vol. 233, pages 1078-1093.
    15. Oner, Oytun & Khalilpour, Kaveh, 2022. "Evaluation of green hydrogen carriers: A multi-criteria decision analysis tool," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    16. Brigljević, Boris & Byun, Manhee & Lim, Hankwon, 2020. "Design, economic evaluation, and market uncertainty analysis of LOHC-based, CO2 free, hydrogen delivery systems," Applied Energy, Elsevier, vol. 274(C).
    17. Grüger, Fabian & Dylewski, Lucy & Robinius, Martin & Stolten, Detlef, 2018. "Carsharing with fuel cell vehicles: Sizing hydrogen refueling stations based on refueling behavior," Applied Energy, Elsevier, vol. 228(C), pages 1540-1549.
    18. Purna Chandra Rao & Minyoung Yoon, 2020. "Potential Liquid-Organic Hydrogen Carrier (LOHC) Systems: A Review on Recent Progress," Energies, MDPI, vol. 13(22), pages 1-23, November.

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