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Green economic analysis for multi-energy system with linearized CO2 electrolysis model

Song, Zhenzi (author)
School of Electrical Engineering, Xi'an Jiaotong University, Xi'an, China
Wang, Xiuli (author)
School of Electrical Engineering, Xi'an Jiaotong University, Xi'an, China
Hesamzadeh, Mohammad Reza (author)
KTH,Elkraftteknik
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Qian, Tao (author)
School of Electrical Engineering, Xi'an Jiaotong University, Xi'an, China
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 (creator_code:org_t)
Institution of Engineering and Technology (IET), 2023
2023
English.
In: IET Generation, Transmission & Distribution. - : Institution of Engineering and Technology (IET). - 1751-8687 .- 1751-8695. ; 17:16, s. 3607-3625
  • Journal article (peer-reviewed)
Abstract Subject headings
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  • CO2 electrolysis system (CES), as a type of carbon capture, utilization, and storage, has significant potential for achieving carbon neutrality. By utilizing surplus renewable energy, CES can convert CO2 into valuable electrochemical products. This paper studies the advantages brought by the application of CES to the green economic operation of multi-energy system. Firstly, a linear model based on the CES's operation data is developed to characterize its dynamic behaviour. In addition, a two-stage stochastic programming model for the operation of CES within multi-energy system is studied. Finally, a creative optimal-operation-based end-of-life net present value (OENPV) is proposed to assess the long-term investment of CES. The results of the cases in different seasons and electrochemical products show that the application of CES not only brings significant carbon reduction to the multi-energy system, but also alleviates the curtailment of renewable energy. Additionally, according to the OENPV analysis outcome, the production of formic acid gives the system the shortest return on investment, which is the fourth year of the 20-year assessment cycle.

Subject headings

TEKNIK OCH TEKNOLOGIER  -- Elektroteknik och elektronik -- Annan elektroteknik och elektronik (hsv//swe)
ENGINEERING AND TECHNOLOGY  -- Electrical Engineering, Electronic Engineering, Information Engineering -- Other Electrical Engineering, Electronic Engineering, Information Engineering (hsv//eng)

Keyword

carbon capture
storage and utilization
CO electrolysis system 2
multi-energy system
techno-ecomomic analysis

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ref (subject category)
art (subject category)

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Song, Zhenzi
Wang, Xiuli
Hesamzadeh, Moha ...
Qian, Tao
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ENGINEERING AND TECHNOLOGY
ENGINEERING AND ...
and Electrical Engin ...
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IET Generation, ...
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Royal Institute of Technology

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