Energy Storage Science and Technology ›› 2023, Vol. 12 ›› Issue (11): 3572-3580.doi: 10.19799/j.cnki.2095-4239.2023.0527

• Technical Economic Analysis of Energy Storage • Previous Articles     Next Articles

Levelized cost of combined hydrogen production by water electrolysis with alkaline-proton exchange membrane

Qili LIN1(), Hongxun QI1(), Jingjing HUANG2, Bingcheng ZHANG2, Zhen CHEN1, Zhenkun XIAO1   

  1. 1.Engineering Technology Institute for Energy Storage of China Power Engineering Consulting Group Co. Ltd. , Shanghai 200333, China
    2.China Power Engineering Consulting Group Co. Ltd. , Beijing 100120, China
  • Received:2023-08-04 Revised:2023-08-28 Online:2023-11-05 Published:2023-11-16
  • Contact: Hongxun QI E-mail:qllin@cpecc.net;hxqi@cpecc.net

Abstract:

In alignment with the "carbon peak, carbon neutral" initiative, the relevance of hydrogen energy is increasing. Although the integration of alkaline water electrolysis (AWE) and proton exchange membrane electrolysis (PEM) shows promise in the field of green hydrogen production, its economic viability has been less explored. To address this gap, we introduced a levelized cost of hydrogen (LCOH) model, offering a life-cycle economic assessment for hydrogen production. Quantitative analysis was conducted on a 10000 m3/h hydrogen production system configured with a 4∶1 ratio of AWEto PEM. Subsequently, sensitivity analysis was performed. The results showed that the LCOH for the combined hydrogen production system was 33.22 CNY/kg, which was 3.31 CNY/kg higher than that of the AWE hydrogen production system. Notably, the electricity costs constitute 53.32% of the entire life-cycle cost. Increasing the PEM allocation ratio improved the adaptibility of hydrogen production system to renewable energy fluctuations as well as increased the production cost. In actual projects, focus should be on the variations in the cost of the electrolyzer system, and the PEM allocation ratio could be optimized using the LCOH model. Considering 33.22 CNY/kg as the benchmark, a 20% and 40% reduction in the price of the PEM electrolyzer system increased the PEM allocation ratio to 27.92% and 46.25%, respectively. Similar to the conventional water-electrolysis hydrogen production systems, controlling the electricity price is crucial for enhancing the economic feasibility of combined hydrogen production; a reduction of 0.01 CNY/kWh in electricity price could lead to a decrease of 0.45 CNY/kg. Given the current allocation ratios, the improvement of AWE electrolyzer efficiency should be prioritized, especially when operating under budget constraints.

Key words: hydrogen energy, water electrolysis, combined hydrogen production, levelized cost of hydrogen, economic evaluation

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