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Optimizing investments in coupled offshore wind -electrolytic hydrogen storage systems in Denmark

In response to electricity markets with growing levels of wind energy production and varying electricity prices, this research examines incentives for investments in integrated renewable energy power systems. A strategy for using optimization methods for a power system consisting of wind turbines, electrolyzers, and hydrogen fuel cells is explored. This research reveals the investment potential of coupling offshore wind farms with different hydrogen systems. The benefits in terms of a return on investment are demonstrated with data from the Danish electricity markets. This research also investigates the tradeoffs between selling the hydrogen directly to customers or using it as a storage medium to re-generate electricity at a time when it is more valuable. This research finds that the most beneficial configuration is to produce hydrogen at a time that complements the wind farm and sell the hydrogen directly to end users.
- Aalborg University Denmark
- Aalborg University Library (AUB) Aalborg Universitet Research Portal Denmark
- Aalborg University Library (AUB) Denmark
- National Renewable Energy Laboratory United States
- Stanford University United States
Power-to-hydrogen, Renewable energy, Fuel cell, Wind power, Power-to-gas, Electrolysis, Hydrogen
Power-to-hydrogen, Renewable energy, Fuel cell, Wind power, Power-to-gas, Electrolysis, Hydrogen
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).154 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 1% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 1% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 1%
