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

The Korean Hydrogen and New Energy Society (한국수소및신에너지학회)
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Analysis of Levelized Cost of Hydrogen and Financial Performance Risk by CCU System

CCU 시스템을 통한 균등화 수소원가 및 재무적 위험도 분석

  • MINHEE, SON (Graduate School of Energy and Environment (KU-KIST GREEN SCHOOL), Korea University) ;
  • HEUNGKOO, LEE (Global Energy Policy Professionals Training Program, Korea University) ;
  • KYUNG NAM, KIM (Graduate School of Energy and Environment (KU-KIST GREEN SCHOOL), Korea University)
  • 손민희 (고려대학교 에너지환경대학원(그린스쿨)) ;
  • 이흥구 (고려대학교 글로벌 에너지정책 전문가 양성 연구사업단) ;
  • 김경남 (고려대학교 에너지환경대학원(그린스쿨))
  • Received : 2022.07.22
  • Accepted : 2022.12.02
  • Published : 2022.12.30
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Abstract

In achieving carbon neutrality and the hydrogen economy, the estimation of H2 cost is critical in terms of CCU technologies. This study analyzes LCOH of hydrogen produced by the carbon utilization unit with methane reforming and CO2 from thermal power plant. LCOH for H2 made with CO is estimated in three ways of Joint Cost Allocations with financial performance risk assessment. Regarding cost analysis, the zero value of LCOH is $6,003/ton. We found that the CCU technology has economic feasibility in terms of profitability. The sensitivity analysis result shows that the input ratio is more influential to the LCOH than other variables. Risk analysis presents the baseline price of zero value of LCOH - $8,408/ton, which is higher than the cost analysis - $6,003/ton. Mainly, the price variability of natural gas primarily affects the LCOH. The study has significant value in analyzing the financial performance risks as well as the cost of H2 produced by a Plasma-based CCU system.

Keywords

Acknowledgement

이 논문은 2020년도 정부(과학기술정보통신부)의 재원으로 한 한국연구재단 탄소자원화 기술고도화사업(2019M3F4A1073058)의 지원, 그리고 KU-KIST 스쿨 운영지원사업의 지원을 받아 수행된 연구이다.

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