Transactions of the Korean hydrogen and new energy society (한국수소및신에너지학회논문집)

The Korean Hydrogen and New Energy Society (한국수소및신에너지학회)
권호 표지
DOI QR코드

DOI QR Code

Predicting Initial Construction Costs of Electrolysis Hydrogen Production Plants for Building Sustainable Energy Systems

지속 가능한 에너지 시스템 구축을 위한 전기분해 수소 생산 플랜트 초기 건설비용 예측

  • SUNGWOOK KANG (Graduate School of Technology & Innovation management, Hanyang University) ;
  • JOONHEON KIM (Graduate School of Technology & Innovation management, Hanyang University) ;
  • JONGHWA PARK (Plants Division, Daewoo E&C) ;
  • DAEMYEONG CHO (Graduate School of Technology & Innovation management, Hanyang University)
  • 강성욱 (한양대학교 기술경영전문대학원) ;
  • 김준헌 (한양대학교 기술경영전문대학원) ;
  • 박종화 (대우건설 플랜트 본부) ;
  • 조대명 (한양대학교 기술경영전문대학원)
  • Received : 2024.04.03
  • Accepted : 2024.05.13
  • Published : 2024.06.30
Download PDF
⟨ Previous Next ⟩

Abstract

Hydrogen serves as a clean energy source with potential applications across various sectors including electricity, transportation, and industry. In terms of policy and economic support, governmental policy backing and economic incentives are poised to accelerate the commercialization and expansion of hydrogen energy technologies. Hydrogen energy is set to become a cornerstone for a sustainable future energy system. Additionally, when constructing hydrogen production plants, economic aspects must be considered. The essence of hydrogen production plants lies in the electrolysis of water, a process that separates water into hydrogen and oxygen using electrical energy. The initial capital expenditure (CAPEX) for hydrogen production plants can vary depending on the electrolysis technology employed. This study aims to provide a comprehensive understanding of hydrogen production technologies as well as to propose a method for predicting the CAPEX of hydrogen production plants.

Keywords

References

  1. R. Rapier, "Life cycle emissions of hydrogen", Climate, 2020. Retrieved from https://4thgeneration.energy/life-cycles-emissions-of-hydrogen/. 
  2. D. Cho, J. Park, and D. Yu, "Optimization of ammonia decomposition and hydrogen purification process focusing on ammonia decomposition rate", Journal of Hydrogen and New Energy, Vol. 34, No. 6, 2023, pp. 594-600, doi: https://doi.org/10.7316/JHNE.2023.34.6.594. 
  3. S. Satyapal, J. Petrovic, C. Read, G. Thomas, and G. Ordaz, "The U.S. Department of Energy's National Hydrogen Storage Project: progress towards meeting hydrogen-powered vehicle requirements", Catalysis Today, Vol. 120, No. 3-4, 2007, pp. 246-256, doi: https://doi.org/10.1016/j.cattod.2006.09.022. 
  4. C. E. G. Padro and V. Putsche, "Survey of the economics of hydrogen technologies", National Renewable Energy Laboratory, 1999, pp. 1-57, doi: https://doi.org/10.2172/12212. 
  5. D. Kim, T. Kim, D. Lee, Y. Kim, K. Ahn, Y. Bae, J. Park, and Y. Kim, "Study on electrochemical hydrogen separation of hydrogen and nitrogen mixture gas", Journal of Hydrogen and New Energy, Vol. 34, No. 2, 2023, pp. 149-154, doi: https://doi.org/10.7316/JHNE.2023.34.2.149. 
  6. D. Lee, T. P. Israel, Y. Bae, Y. Kim, K. Ahn, and S. Lee, "Analysis of levelized cost of electricity for type of stationary fuel cells", Journal of Hydrogen and New Energy, Vol. 33, No. 6, 2022, pp. 643-659, doi: https://doi.org/10.7316/KHNES.2022.33.6.643. 
  7. G. J. Hwang, K. S. Kang, H. J. Han, and J. W. Kim, "Technology trend for water electrolysis hydrogen production by the patent analysis", Journal of Hydrogen and New Energy, Vol. 18, No. 1, 2007, pp. 95-108. Retrieved from https://koreascience.kr/article/JAKO200721036737392.page.  1036737392.page
  8. J. H. Choi, Y. W. Rhee, K. S. Kang, S. J. Choi, and J. W. Kim, "Technology characteristics of hydrogen production and its technology trend by the patent analysis", Journal of Hydrogen and New Energy, Vol. 18, No. 4, 2007, pp. 481-494. Retrieved from https://koreascience.kr/article/JAKO200710736976870.page.  10736976870.page
  9. International Energy Agency (IEA), "Hydrogen production projects", IEA, 2023. Retrieved from https://www.iea.org/data-and-statistics/data-product/hydrogen-production-and-infrastructure-projects-database#hydrogen-production-projects. 
  10. A. E. Lutz, R. W. Bradshaw, L. Bromberg, and A. Rabinovich, "Thermodynamic analysis of hydrogen production by partial oxidation reforming", International Journal of Hydrogen Energy, Vol. 29, No. 8, 2004, pp. 809-816, doi: https://doi.org/10.1016/j.ijhydene.2003.09.015. 
  11. J. An and Y. Chun, "Partial oxidation reformer in a plasma-recuperative burner", Journal of Hydrogen and New Energy, Vol. 32, No. 1, 2021, pp. 68-76, doi: https://doi.org/10.7316/KHNES.2021.32.1.68. 
  12. M. S. Kim, "Hydrogen production through photo-biological water splitting and CO2 fixation", Journal of Hydrogen and New Energy, Vol. 12, No. 1, 2001, pp. 1-10. Retrieved from https://koreascience.kr/article/JAKO200121040976618.page.  1040976618.page
  13. J. S. Kim, H. I. Park, D. K. Kim, G. T. Gong, K. S. Cho, and D. W. Pak, "Multiplication conditions in Light reaction and hydrogen production in dark fermentation using Chlamydomonas reinhardtii", Journal of Hydrogen and New Energy, Vol. 16, No. 1, 2005, pp. 17-24. Retrieved from https://www.dbpia.co.kr/journal/articleDetail?nodeId=NODE10598130.  10598130
  14. T. K. Lee, "Photocatalytic water splitting for hydrogen production", Journal of Hydrogen and New Energy, Vol. 12, No. 1, 2001, pp. 21-27. Retrieved from https://www.dbpia.co.kr/journal/articleDetail?nodeId=NODE10597982.  10597982
  15. International Energy Agency (IEA), "The future of hydrogen: seizing today's opportunities", IEA, 2019. Retrieved from https://www.iea.org/reports/the-future-of-hydrogen. 
  16. International Energy Agency (IEA), "Global hydrogen review 2023", IEA, 2023. Retrieved from https://www.iea.org/reports/global-hydrogen-review-2023. 
  17. J. M. M. Arcos and D. M. F. Santos, "The hydrogen color spectrum: techno-economic analysis of the available technologies for hydrogen production", Gases, Vol. 3, No. 1, 2023, pp. 25-46, doi: https://doi.org/10.3390/gases3010002. 
  18. A. Frangoul, "There's a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too", CNBC, 2023. Retrieved from https://www.cnbc.com/2023/02/03/why-pink-hydrogen-produced-using-nuclear-may-have-a-big-role-to-play.html. 
  19. A. Z. Khan, T. A. Kandiel, S. Abdel-Azeim, T. N. Jahangir, and K. Alhooshani, "Phosphate ions interfacial drift layer to improve the performance of CoFe-Prussian blue hematite photoanode toward water splitting", Applied Catalysis B: Environmental, Vol. 304, 2022, pp. 121014, doi: https://doi.org/10.1016/j.apcatb.2021.121014. 
  20. P. Beckhaus, A. Heinzel, J. Mathiak, and J. Roes, "Dynamics of H2 production by steam reforming", Journal of Power Sources, Vol. 127, No. 1-2, 2004, pp. 294-299, doi: https://doi.org/10.1016/j.jpowsour.2003.09.026.