Browse > Article
http://dx.doi.org/10.7849/ksnre.2022.0011

Economic Analysis Study on the R&D Effect of Performance Improvement of the Tri-generation Fuel Cell System  

Ahn, Jong-Deuk (Green School, Graduate School of Energy and Environment, Korea University)
Lee, Kwan-Young (Department of Chemical and Biological Engineering, Korea University)
Seo, Seok-Ho (Blue Economy Strategy Institute Co., Ltd.)
Publication Information
New & Renewable Energy / v.18, no.2, 2022 , pp. 26-39 More about this Journal
Abstract
Considering the recent substantial increase in national research and development (R&D) budgets in the energy sector there has been increased Interest in the effectiveness of government R&D investments. We conducted a case study to calculate the allowable scale and effectiveness of R&D investment by calculating the direct performance improvement effect resulting from R&D investment as an economic value. Using conditions that existed prior to R&D investments as a reference, five cases in which performance improved due to R&D investments were compared and analyzed. The government's financial investment is increasing rapidly in line with the establishment of the national hydrogen roadmap. R&D is needed to enhance the current low technology readiness level of hydrogen fuel cells compared to solar and wind energy fields. Therefore, an R&D project to improve the performance of the fuel cell system was selected as this case study's subject. Using the results in this study, the allowable level of investment in the task unit of national R&D projects could be calculated. Moreover, it is advisable to provide a standard for rational decision making for new R&D investments since it is possible to determine investment priorities among a large number of candidates.
Keywords
National R&D; R&D Investment; Effectiveness; Trigeneration system; Fuel Cell;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
1 Kim, H.S., and Choi, G.H., 2020, "A study on R&D efficiency of new and renewable energy core technology: focusing on qualitative achievements", Journal of Korea Technology Innovation Society, 23(5), 890-903.   DOI
2 Ministry of Science and ICT, 2022, "Explanatory data on the national R&D budget and fund management plan", https://www.msit.go.kr/contents/cont.do?sCode=user&mPid=75&mId=82.
3 IRENA, 2021, "Renewable capacity highlights", https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2021/Apr/IRENA_-RE_Capacity_Highlights_2021.pdf?la=en&hash=1E133689564BC40C2392E85026F71A0D7A9C0B91.
4 Ministry of Trade,Industry and Energy, 2021, "Carbon-neutral strategy in the industrial and energy sectors", http://www.motie.go.kr/motie/ne/presse/press2/bbs/bbsView.do?bbs_cd_n=81&bbs_seq_n=163606.
5 Kim D.H., and Ahn, S.G., 2011, "System dynamics modeling for the allocation of national R&D investment", Korean System Dynamics Review 12(2), 153-176.
6 Bae, Y.H., Jung, J.H., Hwang, S.W., Seo, B.S., Go, M.J., Jung, H.J., and Kim, J.S., 2016, "Study on optimal R&D resource allocation between government and private sector", Science and Technology Policy Institute, Republic of Korea.
7 Jung, M.J., and Park, N.E., 2018, "Improvement of the R&D budget coordination for small-scale new program", Journal of Budget and Policy, 7(2), 1-27.   DOI
8 Kim, Y.M., and You, H.S., 2016, "A study on empirical analysis and a plan to improve the policy for performance assessment of national R&D projects", Journal of Korea Technology Innovation Society, 19(1), 191-229.
9 Choi, K.H., 2021, "A study on derivation of performance factors of government energy R&D projects : From the theory of the Technical Regime", Journal of Energy Engineering, 30(1), 65-82.
10 Choi, G.B., Kim, M.J., Cho, I.K., Kim, E.S., and Heo, E.Y., 2014, "Analysis of efficiency for domestic energy technology development programs using DEA technique", Int. J. Inov., 9(2), 77-98.
11 Woo, C.W., 2019, "A study on R&D efficiency of clean technology: Focused on new and renewable energy R&D projects", Journal of Korea Technology Innovation Society, 22(4), 690-708.   DOI
12 EERE, 2021, "Five things you might not know about hydrogen shot", https://www.energy.gov/eere/articles/five-things-you-might-not-know-about-hydrogen-shot.
13 Lee, J.W., and Yang, J.S., 2017, "Effect of government energy R&D investment on the sales of beneficiary firms", New. Renew. Energy, 13(1), 72-79.   DOI
14 Wahlroos, M., Parssinen, M., Manner, J., and Syri, S., 2017, "Utilizing data center waste heat in district heating e Impacts on energy efficiency and prospects for low-temperature district heating networks", Energy 140(1), 1228-1238.   DOI
15 Mathworks, 2019, "Mixed-integer linear programming (MILP)", https://kr.mathworks.com/help/optim/ug/intlinprog.html.
16 Wei, M., Lipman, T., Mayyas, A., Chien, J., Chan, S.H., Gosselin, D., Breunig, H., Stadler, M., McKone, T., and Beattie, P., et al., 2014, "A total cost of ownership model for high temperature PEM fuel cells in combined heat and power applications", Lawrence Berkeley National Laboratory (LBNL), 117.
17 KEPCO, 2022, "Basic supply terms and conditions and electricity bill", https://cyber.kepco.co.kr/ckepco/front/jsp/CY/D/C/CYDCHP00101.jsp, 118.
18 Ministry of Economy and Finance, 2019, "Criteria for financial analysis, general guidelines for conducting preliminary feasibility studies", 10.
19 KIER, 2021, "A study on economic analysis of the operation of tri-generation system including HT PEMFC system at data center, Project No. C2-2417".
20 Cho, J.K., Hong, M.H., Sung, R.C., Jeong, C.S., and Kim, B.S., 2006, "A study on load profiles and energy consumption for the thermal environment control in the data center", Proceeding of The Society of Air-Conditioning and Refrigerating Engineers Conference of Korea, 451-456.