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Current energy market designs and pricing schemes fail to give investors the appropriate market signals. In particular, energy prices are not high enough to attract investors to build new or maintain existing power capacity. In this paper we propose a method to compute second-best Pareto optimal equilibrium prices for any market exhibiting non-convexities and, based on this result, an energy market design able to restore the correct energy price signals for supply investors.

Abstract In many visions and roadmaps, there is a broad agreement that fuel cells – both for stationary and mobile applications – are the key technology to allow the development of a hydrogen infrastructure. Furthermore, this development is generally thought to be based on a gradual, decentralised evolution. Nevertheless, in this paper it is argued that, taking into account the entire hydrogen chain (production, transport, storage, distribution and end-use), this decentralised fuel-cell based philosophy shows some serious flaws. Therefore, a new hydrogen-transition approach was pushed forward: mixing in of hydrogen into the natural-gas bulk. Using Flanders – the Northern part of Belgium – as a case study, the development of a transitory hydrogen infrastructure has been studied, taking into account the entire hydrogen chain and its dynamics, from production to end use. In a next step, this transition is being quantified. An optimisation model has been developed using Matlab and the commercial solvers GAMS and CPLEX. Following a mixed-integer linear-programming approach, this model is able to determine the economically optimal hydrogen-production mix and operational behaviour of each hydrogen-production plant separately. The model then allows gaining valuable insights in the importance of storage and the influence of fuel prices and carbon taxes with regard to the development of an early hydrogen economy.

Abstract The variation of properties with temperature have many practical applications in the area of chemical engineering and metallurgy, in the process of extrusion, the materials moving between a feed roll and on carrier belt. Here our intention is to explore the consequences of temperature dependent viscosity and variable thermal conductivity on flow of nanoliquid in a rotating system. Fluid between parallel plates is taken. Energy expression incorporates the exponential heat source. This analysis also explores the attributes of modified Arrhenius energy function with chemical reaction. Boundary layer problems have been computed via NDSolve approach. The obtained solutions are sketched for various estimations of embedded variables of interest. Results pointed out that both axial and transverse velocities show decaying behavior for higher rotation parameter. Thermal field boosts up with an enhancement of thermophoretic and space dependent heat source variables. Moreover the rate of mass transport decays through dimensionless activation energy.

This study searches the impact of tourism growth on emission pollutants in Cyprus (north), which is a small island in the Mediterranean and has shown significant development in hotel and casino sectors in the last two decades. Results from time-series analyses reveal that an inverted U-shaped EKC hypothesis is confirmed for Cyprus with and without tourism development. Tourism also exerts positively significant and long-term effects on the levels of carbon emissions, revealing that growth in the tourism sector causes degradation in the environment.

Abstract Liquefaction of poly-isoprene based rubber (PIR) was performed using ethanol as a solvent for the production of liquid fuel and chemicals. An autoclave batch reactor was used to perform the ethanolysis of PIR at different temperature ranges (250–375 °C), with different ethanol to PIR ratio (0.5:1 to 4:1), and at different reaction times (15–75mins). The experimental results showed that a maximum yield of 86 wt % was achieved at temperature of 325 °C, ethanol to PIR ratio 1/1, and reaction time of 30 min. This liquid oil yield is about 14% higher than the yield obtained from the pyrolysis of PIR at 500 °C and about 10% higher than the yield obtained from hydrothermal liquefaction of PIR at 375 °C. Moreover, the utilization of ethanol in the process was also incorporated and product yields were redefined. Furthermore, ethanol contributed to enhance the quality of liquid-oil, particularly in term of viscosity, acidity, and energy density. Furthermore, the FTIR analysis showed methyl and methylene were most dominating functional groups found in the liquid product and GCMS analysis identified that they were presented by alkenes, aromatics, and alkyls.

Abstract This study presents and evaluates the feasibility of a novel hybridization of modified Kalina cycle, reverse osmosis desalination, and low-temperature water electrolysis utilizing geothermal energy to yield power, distilled water, and hydrogen, respectively. The scientific impact of the current work has been improved considering the features of Sabalan flash-binary geothermal wells in Iran as a real model through a case study. In addition to designing a novel setup, the smart use of multi-heat recovery technique, modifying the base cycle, and utilizing a part of generated distilled water to produce hydrogen by the electrolyzer are the other structural originalities, distinguishing the current work from the previous studies. The suggested system is scrutinized via a parametric study and optimized based on a genetic algorithm. The parametric study demonstrated that the highest sensitivity of varying the performance criteria of the whole system is attributed to the change in flash tank pressure. Moreover, the multi-objective optimization led to achieving the exergy efficiency and trigeneration gain output ratio as 51.3% and 1.7 for the system, respectively. Furthermore, the system was able to produce 4795 kW of power, 5.3 kg/h of hydrogen, and 19.9 kg/s of distilled water.