The economic feasibility study of a 100-MW Power-to-Gas plant
Power-to-Gas (PtG) is a grid-scale energy storage technology by which electricity is converted into gas fuel as an energy carrier. PtG utilizes surplus renewable electricity to generate hydrogen from Solid-Oxide-Cell, and the hydrogen is then combined with CO2 in the Sabatier process to produce the...
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sg-ntu-dr.10356-1511412021-06-24T10:19:32Z The economic feasibility study of a 100-MW Power-to-Gas plant Miao, Bin Chan, Siew Hwa Energy Research Institute @ NTU (ERI@N) Engineering::Electrical and electronic engineering Power to Gas Methanation Power-to-Gas (PtG) is a grid-scale energy storage technology by which electricity is converted into gas fuel as an energy carrier. PtG utilizes surplus renewable electricity to generate hydrogen from Solid-Oxide-Cell, and the hydrogen is then combined with CO2 in the Sabatier process to produce the methane. The transportation of methane is mature and energy-efficient within the existing natural gas pipeline or town gas network. Additionally, it is ideal to make use of the reverse function of SOC, the Solid-Oxide-Fuel-Cell, to generate electricity when the grid is weak in power. This study estimated the cost of building a hypothetical 100-MW PtG power plant with energy storage and power generation capabilities. The emphasis is on the effects of SOC cost, fuel cost and capacity factor to the Levelized Cost of Energy of the PtG plant. The net present value of the plant is analyzed to estimate the lowest affordable contract price to secure a positive present value. Besides, the plant payback period and CO2 emission are estimated. Nanyang Technological University The authors would like to thank Nanyang Technological University, Interdisciplinary Graduate School, Energy Research Institute @NTU for providing the scholarship and funding for the Power-to-Gas project. 2021-06-24T10:19:32Z 2021-06-24T10:19:32Z 2019 Journal Article Miao, B. & Chan, S. H. (2019). The economic feasibility study of a 100-MW Power-to-Gas plant. International Journal of Hydrogen Energy, 44(38), 20978-20986. https://dx.doi.org/10.1016/j.ijhydene.2019.02.044 0360-3199 0000-0003-0963-3413 https://hdl.handle.net/10356/151141 10.1016/j.ijhydene.2019.02.044 2-s2.0-85062153220 38 44 20978 20986 en International Journal of Hydrogen Energy © 2019 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved. |
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Engineering::Electrical and electronic engineering Power to Gas Methanation Miao, Bin Chan, Siew Hwa The economic feasibility study of a 100-MW Power-to-Gas plant |
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Power-to-Gas (PtG) is a grid-scale energy storage technology by which electricity is converted into gas fuel as an energy carrier. PtG utilizes surplus renewable electricity to generate hydrogen from Solid-Oxide-Cell, and the hydrogen is then combined with CO2 in the Sabatier process to produce the methane. The transportation of methane is mature and energy-efficient within the existing natural gas pipeline or town gas network. Additionally, it is ideal to make use of the reverse function of SOC, the Solid-Oxide-Fuel-Cell, to generate electricity when the grid is weak in power. This study estimated the cost of building a hypothetical 100-MW PtG power plant with energy storage and power generation capabilities. The emphasis is on the effects of SOC cost, fuel cost and capacity factor to the Levelized Cost of Energy of the PtG plant. The net present value of the plant is analyzed to estimate the lowest affordable contract price to secure a positive present value. Besides, the plant payback period and CO2 emission are estimated. |
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Energy Research Institute @ NTU (ERI@N) |
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Energy Research Institute @ NTU (ERI@N) Miao, Bin Chan, Siew Hwa |
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Article |
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Miao, Bin Chan, Siew Hwa |
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Miao, Bin |
title |
The economic feasibility study of a 100-MW Power-to-Gas plant |
title_short |
The economic feasibility study of a 100-MW Power-to-Gas plant |
title_full |
The economic feasibility study of a 100-MW Power-to-Gas plant |
title_fullStr |
The economic feasibility study of a 100-MW Power-to-Gas plant |
title_full_unstemmed |
The economic feasibility study of a 100-MW Power-to-Gas plant |
title_sort |
economic feasibility study of a 100-mw power-to-gas plant |
publishDate |
2021 |
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https://hdl.handle.net/10356/151141 |
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1703971151906078720 |