• 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.19 no.4
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• pp.322-330
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• 2008

This paper deals with an economic evaluation of domestic photobiological hydrogen production. We evaluate the economic feasibility of domestic photobiological hydrogen production utilizing green algae and cyanobacteria. In addition, we make some sensitivity analysis of hydrogen production prices by changing the values of input factors such as the price of a photo-bioreactor and the value of solar to hydrogen efficiency. The estimated hydrogen production price of the two-step indirect biophotolysis was 12,099won/kg$H_2$. It is expected that the hydrogen production price by the two-step indirect biophotolysis can be reduced to 2,143won/kg$H_2$ if the solar to hydrogen efficiency is increased to 10% and the price of a photo-bioreactor is decreased to $25/$m^2$. The two-step indirect biophotolysis is evaluated as uneconomical at this time, and we need to enhance the solar to hydrogen efficiency and to reduce the prices of the photo-bioreactor and system facilities.

• 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.

• Transactions of the Korean hydrogen and new energy society
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• v.33 no.6
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• pp.616-622
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• 2022

At the present time, interest in hydrogen is increasingly growing worldwide to tackle climate change. Korea also takes an action by announcing the first hydrogen economy implementation basic plan with the import targets of 22.9 million tons of hydrogen from oversea in 2050. To achieve this plan, it is very essential to establish an overseas hydrogen supply chain. In this paper, the study estimates the import price for hydrogen into basic scenario and comprehensive scenario, and also analyses economic feasibility considering price of the each technology.

• Transactions of the Korean hydrogen and new energy society
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• v.28 no.3
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• pp.279-286
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• 2017

Korea government decides to build one hundred hydrogen refueling stations (HRS) until 2020 and tries to disseminate HRS and boosts HRS market in korea. Naepo HRS in chungnam province has been operated for last one full year of 2016 and recorded 2,520 times full charge for the hydrogen fuel cell powered vehicles and total 6,016 kg hydrogen fueling for the 25 units of hydrogen fuel cell powered vehicles. Raw fuel of hydrogen from tube trailer measured by pressure, converting into weight of hydrogen and shows 19.6% surplus with final charged weight by dispenser. This result is caused measuring errors. Measured charged errors between dispenser and Mass flow meter was determined 13.13%.

• Korean Journal of Materials Research
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• v.27 no.2
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• pp.63-68
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• 2017

A black nickel oxide powder, one of the commercial nickel oxide ores, was reduced by hydrogen gas in a batch-type fluidized-bed reactor in a temperature range of 350 to $500^{\circ}C$ and in a residence time range of 5 to 120 min. The hydrogen reduction behavior of the black nickel oxide was found to be somewhat different from that of green nickel oxide ore. For the black nickel oxide, the maximum temperature (below which nickel oxide particles can be reduced without any agglomeration) was significantly lower than that observed for the green nickel oxide. In addition, the best curve fittings of the Avrami model were obtained at higher values of the overall rate constant "k" and at lower values of the exponent "m", compared to those values for the green nickel oxide. It may be inferred from these results that the hydrogen reduction rate of the black nickel oxide is faster than that of the green nickel oxide in the early stages, but the situation reverses in the later stages. For the black nickel oxide ore, in spite of the low temperature sintering, it was possible to achieve a high degree fluidized-bed reduction at lower temperatures and at lower gas consumption rates than was possible for the green nickel oxide. In this regard, the use of black nickel oxide is expected to yield a benefit if its ore price is sufficiently lower than that of the green nickel oxide.

• Transactions of the Korean hydrogen and new energy society
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• v.33 no.6
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• pp.660-673
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• 2022

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.

• KEPCO Journal on Electric Power and Energy
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• v.7 no.1
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• pp.137-143
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• 2021

As an electrochemical water electrolysis for green hydrogen production, both polymer electrolyte membrane (PEM) and alkaline electrolyte are being developed extensively in various countries. The PEM electrolyzer with high current density (above 2 A/cm²) has the advantage of being able to design a simple structure. Also, it is known that it has high response to electrical output fluctuations. However, the cost problem of major components is the most important issue that a PEM electrolyzer must overcome. Instantly, there are platinum group metal (PGM)-based electrocatalysts, fluorine-based polyfluoro sulfuric acid (PFSA) membrane, Ti felt (porous transport layer, PTL) and so on. Another challenging issue is productivity. A securing outstanding productivity brings price benefits of the electrolytic cells. From this point of view, we conducted basic studies on manufacturing electrode and membrane electrode assembly (MEA) for PEM electrolyzer production.

• Journal of the Korean Society of Propulsion Engineers
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• v.13 no.3
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• pp.58-63
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• 2009

The global restriction on pollutant emissions and the soaring of crude oil price are expected to result in the change of future transportation system. Hydrogen is considered to be the leading candidate as an alternative energy source before other new alternative energy sources emerge. Scientists anticipate that hydrogen fuel gas turbine engine and fuel cell will be the power plant of the aircraft in the near future. To realize the aircraft powered by fuel cell system in the future, the technologies such as fuel cell with higher energy density, compressed gas or liquid storage system of hydrogen fuel, and efficient and lightweight electric motor have to be developed first.