• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.645-668
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• 2022

Hydrogen energy is emerging as an important means of carbon neutrality in the various sectors including power, transportation, storage, and industrial processes. Fuel cell power plants are the fastest spreading in the hydrogen ecosystem and are one of the key power sources among means of implementing carbon neutrality in 2050. However, high volatility in system marginal price (SMP) and renewable energy certificate (REC) prices, which affect the profits of fuel cell power plants, delay the investment timing and deployment. This study applied the real option methodology to analyze how the dual uncertainties in both SMP and REC prices affect the investment trigger price level in the irreversible investment decision of fuel cell power plants. The analysis is summarized into the following three. First, under the current Renewable Portfolio Standard (RPS), dual price uncertainties passed on to plant owners has significantly increased the investment trigger price relative to one under the deterministic price case. Second, reducing the volatility of REC price by half of the current level caused a significant drop in investment trigger prices and its investment trigger price is similar to one caused by offering one additional REC multiplier. Third, investment trigger price based on gray hydrogen and green hydrogen were analyzed along with the existing byproduct hydrogen-based fuel cells, and in the case of gray hydrogen, economic feasibility were narrowed significantly with green hydrogen when carbon costs were applied. The results of this study suggest that the current RPS system works as an obstacle to the deployment of fuel cell power plants, and policy that provides more stable revenue to plants is needed to build a more cost-effective and stable hydrogen ecosystem.

• Bulletin of the Korea Photovoltaic Society
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• v.7 no.2
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• pp.22-28
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• 2021

최근 잇따라 발생하고 있는 이상 기후로 탄소 중립에 대한 관심이 높아지고 있다. 우리나라 정부도 신재생에너지 중심의 에너지 전환과 수소 경제 활성화에 대한 정책을 연일 발표하면서 많은 국책 과제들이 추진되고 있다. 잉여 재생에너지를 수소 가스로 변환하여 저장했다가 필요할 때 다시 전기로 사용하거나, 수소 가스 자체를 타 산업에 활용할 수 있게 해주는 핵심 기술이 수전해 기술이다. 다양한 수전해 기술 중에 PEM 수전해 기술은 재생에너지의 빠른 변동에 신속하게 대응할 수 있어 재생에너지 확산과 더불어 최근 높은 관심을 받고 있는 기술이다. 그러나 비싼 촉매와 내부식성이 필요한 핵심 부품들이 국산화 되어 있지 않아 장치의 가격이 높은 상황이다. 그에 따라 아직은 수전해를 통해 생산된 수소 단가가 다른 기술을 통해 생산된 수소들 보다 가격이 높아 상업화가 더디게 진행되고 있다. 그러나 정밀 가공, 열처리, 코팅 등의 뿌리 기술들을 이용하면 PEM 수전해기의 핵심 부품인 bipolar plate나 end plate, 분리판 등을 국산화 하여 수소 생산 단가를 낮출 수 있는 여지는 충분하다. 탄소 중립에 반드시 필요한 그린 수소가 가격 경쟁력을 확보할 수 있도록 산업간 기술 협력이 절실한 시점이다.

• Transactions of the Korean hydrogen and new energy society
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• v.13 no.4
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• pp.287-296
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• 2002

현재 자동차의 문제점을 해결할 수 있는 가장 착실한 엔진은 수소를 이용한 연료 전지라고 판단된다. 연료전지는 화학적 에너지를 전기적 에너지로 직접 변환하는 장치이다. 순수한 연료전지 차량과 연료전지 하이브리드 차량을 비교 분석하였다. 연료전지 하이브리드 차량에서 고려하여야할 점은 효율, 연료경제성, 출력 특성 등이 있다. FUDS 싸이클 시뮬레이션 비교를 하면 하이브리드화가 순수 연료전지 차량 보다 효율이 높다. 이는 회생 제동 에너지를 이용할 수 있으며 battery를 이용하여 연료전지를 효율적인 영역에서 작동하게 할 수 있기 때문이다. Life cycle 비용은 연료전지의 크기, 연료전지의 가격, 수소의 가격 등에 지배적인 영향을 받는다. 연료전지의 가격이 고가이면 하이브리드화가 유리하나, 연료전지의 가격이 400$/kW 이하가 되면 순수한 연료전지 자동차가 비용면에서 유리 하다.

• Journal of Energy Engineering
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• v.16 no.4
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• pp.170-180
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• 2007

This paper deals with the economy of scale for domestic on-site hydrogen stations fueled with natural gas and naptha. We evaluate the economic feasibility of on-site hydrogen stations with hydrogen production capacities of $30Nm^3/hr,\;100Nm^3/hr\;and\;300Nm^3/hr$. We build a classical economic feasibility model and we make some sensitivity analyses by changing the values of input factors such as the hydrogen sale price and the discount rate. The estimated hydrogen prices of steam methane reforming stations with production capacities of $30\;Nm^3/hr,\;100\;Nm^3/hr\;and\;300\;Nm^3/hr$ are 18,472 won/kg, 10,689 won/kg and 7,758 won/kg, respectively. Also, the hydrogen prices are about the same if we use naptha as a raw material for hydrogen energy instead of natural gas. It turns out that small and medium size domestic on-site hydrogen stations will not be economical in the near future. This indicates that we need to construct large scale on-site hydrogen fueling stations even for the initial phase of the hydrogen economy.

• Transactions of the Korean hydrogen and new energy society
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• v.35 no.1
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• pp.1-13
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• 2024

Hydrogen is emerging as an essential material for carbon neutrality. In particular, Korea needs 22.9 million tons of imported clean hydrogen by 2050 to achieve carbon neutrality. However, a large amount of carbon is emitted during the import process, and market regulations are being discussed. This research estimates the carbon emissions of importing green hydrogen from Vietnam, Australia, and the United Arab Emirates to Korea, and calculates imported green hydrogen prices under carbon emission market regulations.

• Transactions of the Korean hydrogen and new energy society
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• v.26 no.1
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• pp.35-44
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• 2015

This paper deals with the economic analysis of domestic fuel cell vehicles considering subsidy and hydrogen price in 2015 and 2025. We selected TFCV (Tucson fuel cell vehicle) and TDV (Tucson diesel vehicle) to identify the economic feasibility of fuel cell vehicles compared with conventional internal combustion engine vehicles. We made some sensitivity analysis by changing input factors such as the size of the subsidy, the hydrogen price and the discount rate. Also, we made a break-even point analysis on hydrogen prices that equalize the economic feasibility of TFCV and TDV in 2025. As a result, TFCV is not economical in 2015 due to the relatively high prices of hydrogen and vehicles. If the sale prices of TFCV are 30,000,000 won and 35,000,000 won in 2025, then the break-even points of hydrogen prices are equal to 7,483 won/kg and 5,043 won/kg.

• 보일러설비
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• s.127
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• pp.89-95
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• 2004

수소에너지는 친환경에너지이며 미래 대체에너지로 많은 연구들이 활성화 되고 있다. 선진 몇몇 나라들은 이미 상용화 단계까지 마친 상태이며 가격 조정과 같은 현실적인 대안을 준비하고 있다. 우리에게는 아직 친숙하지 않은 단어이지만 그 가능성과 응용분야에 대해 설명하고자 한다.

• Journal of Energy Engineering
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• v.23 no.3
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• pp.132-145
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• 2014

There is a general agreement that performance of hydrogen fuel cell vehicle(FCV) with respect to cold start, packaging, acceleration, refueling time and range has progressed to the point where vehicles that could be brought to market in 2015_2020 will satisfy customer expectations. However cost, durability and the lack of refueling infrastructure remain significant barriers. Cost have been dramatically reduced and durability has been enhanced over the past decade, yet are still about twice what appears to be needed sustainable market success. Advanced Technologies for the commercialization of hydrogen FCV were reviewed.

• KAPE Magazine
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• s.172
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• pp.28-31
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• 2010

한국농촌경제연구원이 지난 11월 25일에 발표한 축산관측 겨울호에 따르면 한우는 2010년 12월부터 2011년 2월까지 한우 수소 600kg 기준 산지가격은 470~490만원, 12월 돼지고기 kg당 지육가격은 4천100~4천300원으로 전망했다. 또 12월 육계 산지가격은 kg당 1천500~1천700원, 계란은 생산량 감소로 12월~2011 년 2월까지 평균 산지가격은 1천100~1천300원으로 전망됐다. 또 오리는 12월~2011년 2월 3kg당 7천800~8천100원으로 전망했다.

• Environmental and Resource Economics Review
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• v.16 no.2
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• pp.275-311
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• 2007

Hydrogen energy is emphasized as a substitutable energy of carbon-based energy system in the future, since it is non-depletable and clean energy. Long term vision of Korean government on the national energy system is to promote hydrogen energy by 15% of final energy demand until 2040. This study analyzes economic impacts of hydrogen energy development employing a dynamic CGE model for Korea. Frontier technology such as hydrogen energy is featured as slow diffusion at the initial stage due to the learning effect and energy complementarity. Without government intervention, hydrogen energy would be produced upto 6.5% of final energy demand until 2040. However, if government subsidizes sales price of hydrogen energy by 10%, 20%, and 30%, share of hydrogen energy would increase 9.2%, 15.2%, and 37.7% of final energy demand. This result shows that the slow diffusion problem of hydrogen energy as frontier technology could be figured out by market incentive policy. On the other hand, production levels of transportation sector would increase while growth rate of oil and electricity sectors would decline. Household consumption would be affected negatively since increase of consumption due to the price decrease would be overwhelmed by income reduction owing to the increase of tax. Overall, GDP would not decrease or increase significantly since total production, investment, and export would increase even if household consumption declines.