Sangam: A Confluence of Knowledge Streams

Techno-economic feasibility of power to gas–oxy-fuel boiler hybrid system under uncertainty

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dc.creator Bailera, Manuel
dc.creator Hanak, Dawid P.
dc.creator Lisbona, Pilar
dc.creator Romeo, Luis M.
dc.date 2018-11-16T11:57:06Z
dc.date 2018-11-16T11:57:06Z
dc.date 2018-10-12
dc.date.accessioned 2022-05-25T16:39:57Z
dc.date.available 2022-05-25T16:39:57Z
dc.identifier Manuel Bailera, Dawid P. Hanak, Pilar Lisbona and Luis M. Romeo. Techno-economic feasibility of power to gas–oxy-fuel boiler hybrid system under uncertainty. International Journal of Hydrogen Energy, Volume 44, Issue 19, 2019, pp. 9505-9516
dc.identifier 0360-3199
dc.identifier https://doi.org/10.1016/j.ijhydene.2018.09.131
dc.identifier http://dspace.lib.cranfield.ac.uk/handle/1826/13652
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/182506
dc.description One of the main challenges associated with utilisation of the renewable energy is the need for energy storage to handle its intermittent nature. Power-to-Gas (PtG) represents a promising option to foster the conversion of renewable electricity into energy carriers that may attend electrical, thermal, or mechanical needs on-demand. This work aimed to incorporate a stochastic approach (Artificial Neural Network combined with Monte Carlo simulations) into the thermodynamic and economic analysis of the PtG process hybridized with an oxy-fuel boiler (modelled in Aspen Plus®). Such approach generated probability density curves for the key techno-economic performance indicators of the PtG process. Results showed that the mean utilisation of electricity from RES, accounting for the chemical energy in SNG and heat from methanators, reached 62.6%. Besides, the probability that the discounted cash flow is positive was estimated to be only 13.4%, under the set of conditions considered in the work. This work also showed that in order to make the mean net present value positive, subsidies of 68 €/MWelh are required (with respect to the electricity consumed by PtG process from RES). This figure is similar to the financial aids received by other technologies in the current economic environment.
dc.language en
dc.publisher Elsevier
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Power-to-gas
dc.subject Energy storage
dc.subject Uncertainty
dc.subject Probabilistic analysis
dc.subject Process modelling and simulation
dc.subject Techno-economic analysis
dc.title Techno-economic feasibility of power to gas–oxy-fuel boiler hybrid system under uncertainty
dc.type Article


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