Desktop Feasibility to Evaluate Commercial Aspects of Utilizing Green Hydrogen by Decarbonization and Techno Economic Analysis
Author(s):
Archana Desai, Dr. Kuldeep Joshi, Dr. Hemangini Shah
Keywords:
Green hydrogen, Techno-economic solution, Sustainable energy, Renewable energy, Energy efficiency.
Abstract
The increasing demand for sustainable and clean energy sources has led to a growing interest in the utilization of green hydrogen as a potential solution. Green hydrogen, produced through electrolysis using renewable energy sources, has the potential to significantly reduce greenhouse gas emissions and contribute to a more environmentally friendly energy sector. However, before implementing large-scale green hydrogen projects, it is crucial to assess their commercial viability and economic feasibility. This study focuses on evaluating the commercial aspects of utilizing green hydrogen through a techno-economic analysis conducted on desktop feasibility. The research aims to assess the economic viability of green hydrogen production, storage, and utilization, considering factors such as capital costs, operational expenses, energy efficiency, and market dynamics. The methodology involves collecting data on renewable energy resources, electrolyzer technologies, hydrogen storage options, and potential market scenarios. Various techno-economic models and software tools are employed to simulate different scenarios and evaluate the financial implications of green hydrogen projects. Sensitivity analyses are conducted to assess the impact of variables such as electricity prices, government policies, and infrastructure development on the economic feasibility of green hydrogen solutions. The findings of this study provide valuable insights into the commercial aspects of utilizing green hydrogen, helping policymakers, investors, and industry stakeholders make informed decisions. The research highlights the potential benefits and challenges associated with green hydrogen projects, identify key economic indicators, and propose strategies for cost optimization and market integration. By analyzing the techno-economic feasibility of green hydrogen on a desktop scale, this research contributes to the understanding of the economic viability of green hydrogen projects. A sensitivity analysis may reveal that a 10% increase in electricity prices reduces the profitability of the green hydrogen project by 15%. A reduction of subsidies by 20%, decreases the project's internal rate of return (IRR) by 8%, emphasizing the importance of pol
Article Details
Unique Paper ID: 164751

Publication Volume & Issue: Volume 10, Issue 10

Page(s): 1073 - 1082
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