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http://dx.doi.org/10.7316/KHNES.2022.33.6.643

Analysis of Levelized Cost of Electricity for Type of Stationary Fuel Cells  

DONGKEUN LEE (Department of Zero-carbon Fuel and Power Generation, Korea Institute of Machinery & Materials (KIMM))
TORRES PINEDA ISRAEL (Department of Zero-carbon Fuel and Power Generation, Korea Institute of Machinery & Materials (KIMM))
YONGGYUN BAE (Department of Zero-carbon Fuel and Power Generation, Korea Institute of Machinery & Materials (KIMM))
YOUNGSANG KIM (Department of Zero-carbon Fuel and Power Generation, Korea Institute of Machinery & Materials (KIMM))
KOOKYOUNG AHN (Department of Zero-carbon Fuel and Power Generation, Korea Institute of Machinery & Materials (KIMM))
SUNYOUP LEE (Mechanical Engineering, University of Science and Technology (UST))
Publication Information
Transactions of the Korean hydrogen and new energy society / v.33, no.6, 2022 , pp. 643-659 More about this Journal
Abstract
For the economic analysis of fuel cells, levelized cost of electricity was calculated according to the type, capacity, and annual production of the fuel cells. The cost of every component was calculated through the system component breakdown. The direct cost of the system included stack cost, component cost, assembly, test, and conditioning cost, and profit markup cost were added. The effect of capacity and annual production was analyzed by fuel cell type. Sensitivity analysis was performed according to stack life, capital cost, project period, and fuel cost. As a result, it was derived how much the economic efficiency of the fuel cell improves as the capacity increases and the annual production increases.
Keywords
Fuel cell system; Economic analysis; Cost; Levelized cost of electricity; Sensitivity analysis;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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