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

Analysis of the Economy of Scale for Domestic Steam Methane Reforming Hydrogen Refueling Stations Utilizing the Scale Factor

Scale Factor를 이용한 국내 천연가스 개질식 수소충전소의 규모의 경제 분석

  • GIM, BONGJIN (Department of Industrial Engineering, Dankook University) ;
  • YOON, WANG LAI (Hydrogen Laboratory, Korea Institute of Energy Research) ;
  • SEO, DONG JOO (Hydrogen Laboratory, Korea Institute of Energy Research)
  • 김봉진 (단국대학교 산업공학과) ;
  • 윤왕래 (한국에너지기술연구원 수소연구실) ;
  • 서동주 (한국에너지기술연구원 수소연구실)
  • Received : 2019.05.22
  • Accepted : 2019.06.30
  • Published : 2019.06.30
Download PDF
⟨ Previous Next ⟩

Abstract

The aim of this study is to evaluate the economic feasibility of domestic on-site steam methane reforming (SMR) hydrogen refueling stations. We evaluated the levelized cost of hydrogen (LCOH) for the SMR hydrogen refueling stations, which have production capacities of 100 kg/day (SMR 100), 200 kg/day (SMR 200), and 500 kg/day (SMR 500) utilizing the scale factor. The main results indicated that the LCOH of SMR 100, SMR 200, and SMR 500 were 14,367 won/kg, 11,122 won/kg, and 8,157 won/kg, if the utilizations of hydrogen stations were 70%. These results imply that the production capacity of the domestic SMR hydrogen station should be greater than 500 kg/day to compete with other hydrogen stations when we consider the current sale price of hydrogen at the hydrogen stations.

Keywords

SSONB2_2019_v30n3_251_f0001.png 이미지

Fig. 1. System of a SMR hydrogen station

SSONB2_2019_v30n3_251_f0002.png 이미지

Fig. 2. Cash flow diagram of a HRS

SSONB2_2019_v30n3_251_f0003.png 이미지

Fig. 3. LCOH (won/kg) of SMR hydrogen stations

Table 1. Initial investment cost of SMR 100

SSONB2_2019_v30n3_251_t0001.png 이미지

Table 2. Initial investment costs of SMR 200 and SMR 500

SSONB2_2019_v30n3_251_t0002.png 이미지

Table 3. Key station criteria for SMR hydrogen stations

SSONB2_2019_v30n3_251_t0003.png 이미지

Table 4. Price data for calculating annual operating cost

SSONB2_2019_v30n3_251_t0004.png 이미지

Table 5. Economic analysis data for calculating LCOH

SSONB2_2019_v30n3_251_t0005.png 이미지

Table 6. Summary of the LCOH for SMR hydrogen stations

SSONB2_2019_v30n3_251_t0006.png 이미지

Table 7. LCOH of SMR 500 for different utilizations

SSONB2_2019_v30n3_251_t0007.png 이미지

Table 8. LCOH of SMR 500 for different initial investments

SSONB2_2019_v30n3_251_t0008.png 이미지

Table 9. LCOH of SMR 500 for different prices of city gas

SSONB2_2019_v30n3_251_t0009.png 이미지

Table 10. LCOH of SMR 500 for different discount rates

SSONB2_2019_v30n3_251_t0010.png 이미지

References

  1. D. B. Myers, G. D. Ariff, B. D. James, J. S. Lettow, C. E. Thomas, and R. C. Kuhn, "Costs and Performance Comparison of Stationary Hydrogen Refueling Appliances", Directed Technologies Inc., USA, 2002. pp. 1-8. Retrieved from https://www.nrel.gov/docs/fy02osti/32405b2.pdf
  2. J. X. Weinert, L. Shaojun, J. M. Ogden, and M. Jianxin, "Hydrogen Refueling Station Costs in Shanghai", International Journal of Hydrogen Energy, Vol. 32, No. 16, 2007, pp. 4089-4100, doi: https://doi.org/10.1016/j.ijhydene.2007.05.010.
  3. S. Shayegan, P. J. G. Pearson, and D. Hart, "Hydrogen for Buses in London: A Scenario Analysis of Changes over Time in Refueling Infrastructure Costs", International Journal of Hydrogen Energy, Vol. 34, No. 19, 2009, pp. 8415-8427, doi: https://doi.org/10.1016/j.ijhydene.2009.06.084.
  4. B. Gim and W. L. Yoon, "Analysis of the Economy of Scale and Estimation of the Future Hydrogen Production Costs at On-site Hydrogen Refueling Stations in Korea", International Journal of Hydrogen Energy, Vol. 37, No. 14, 2012, pp. 19138-19145, doi: https://dx.doi.org/10.1016/j.ijhydene.2012.09.163.
  5. B. Kang, T. Kim, and T. Lee, "Analysis of Costs for a Hydrogen Refueling Station in Korea", Trans. of the Korean Hydrogen and New Energy Society, Vol. 27, No. 3, 2016, pp. 256-263, doi: https://doi.org/10.7316/KHNES.2016.27.3.256.
  6. U.S. Department of Energy, "Hydrogen, Fuel Cells & Infrastructure Technologies Program, Multi-year Research, Development and Demonstration Plan", U.S. Department of Enegergy, USA, 2009. Retrieved from http://www.energy.gov/eere/fuelcells/downloads/fuel-cell-technologies-office-multi-year-research-development-and-22/fcto-myrdd-production.pdf.
  7. K. Schoots, F. Ferioli, G. J. Kramer, and B. C. C. Van der Zwaan, "Learning Curves for Hydrogen Production Technology: An Assessment of Observed Cost Reductions", International Journal of Hydrogen Energy, Vol. 33, No. 1, 2008, pp. 2630-2645, doi: https://doi.org/10.1016/j.ijhydene.2008.03.011.
  8. C. E. Thomas, F. D. Lomax, and M. Lyubovski, "Low-cost Hydrogen Distributed Production System Development", H2Gen Innovation Inc., USA, 2009, pp. 1-25. Retrieved from https://www.osti.gov/servlets/purl/1008179
  9. C. S. Park, S. H. Choi, "Fundamentals of Engineering Economics", Cheongram, Korea, 2014, p. 77. Retrieved from https://www.crbooks.co.kr.