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Financial Risk Factor Analysis for Facility Gas Leakages of H 2 and NG

Author

Listed:
  • In-Bok Lee

    (Department of Safety Engineering, Incheon National University, Incheon 22012, Korea)

  • Chang Geun Song

    (Department of Safety Engineering, Fire Disaster Prevention Research Center, Incheon National University, Incheon 22012, Korea)

Abstract

Fuel cells may be the key to a more environmentally-friendly future because they emit low carbon dioxide per unit of energy supplied. However, little work has investigated the potential financial risks pertaining to fuel cell systems. Often used in the analysis of the safety of systems involving flammable or hazardous materials, risk factor analysis has recently been used to analyze the potential financial losses that may occur from industrial hazards. Therefore, this work undertakes a financial risk factor analysis to determine the costs of leakages of hydrogen and natural gas, which are used in fuel cell systems. Total leakage was calculated from an analysis of several leakage rates and modes. The impact of applying appropriate detection and prevention systems was also investigated. The findings were then used to analyze the consequences for various sections of the system and to calculate the overall cost based on facility outage or damage, and the cost of taking safety precautions. This provides a basis for comparison among proposed potential reactionary measures.

Suggested Citation

  • In-Bok Lee & Chang Geun Song, 2016. "Financial Risk Factor Analysis for Facility Gas Leakages of H 2 and NG," Sustainability, MDPI, vol. 8(9), pages 1-17, September.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:9:p:944-:d:78342
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    References listed on IDEAS

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    1. Torgeir Suther & Alan Fung & Murat Koksal & Farshid Zabihian, 2010. "Macro Level Modeling of a Tubular Solid Oxide Fuel Cell," Sustainability, MDPI, vol. 2(11), pages 1-12, November.
    2. Barelli, L. & Bidini, G. & Gallorini, F. & Servili, S., 2008. "Hydrogen production through sorption-enhanced steam methane reforming and membrane technology: A review," Energy, Elsevier, vol. 33(4), pages 554-570.
    3. Chan-Joong Kim & Taehoon Hong & Jimin Kim & Daeho Kim & Dong-yeon Seo, 2015. "A Process for the Implementation of New Renewable Energy Systems in a Building by Considering Environmental and Economic Effect," Sustainability, MDPI, vol. 7(9), pages 1-21, September.
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