• Journal of Auto-vehicle Safety Association
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• v.13 no.3
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• pp.47-53
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• 2021

This study is a study to estimate the VSL (Value of a Statistical Life) and CBA (Cost-benefit analysis) of the rollover safety standard for hydrogen buses, VSL is an economic value concept used to quantify the benefits of avoiding death. CBA shows the effect of cost-benefit, and if B/C is greater than 1, there is a social effect. In order to estimate the VSL and CBA, the hydrogen bus introduction scenario was assumed to be optimistic (20,000 vehicles in 2030), neutral (15,000 vehicles in 2030), and pessimistic (10,000 vehicles in 2030), and the effect of reducing human casualties was estimated. As a result, except for the pessimistic market situation of introducing hydrogen buses (10,000 vehicles in 2030) and the VSL reduction ratio of 10%, all policies were judged to have high cost-benefit effects. These results indicate that the introduction of the rollover safety standard for hydrogen buses is a socially effective policy.

• 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.

• Transactions of the Korean hydrogen and new energy society
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• v.33 no.6
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• pp.607-615
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• 2022

In this study, economic analysis program was developed for economic evaluation of hydrogen production, storage/delivery, and utilization technologies as well as overseas import of hydrogen. Economic analysis program can be used for the estimation of the levelized cost of hydrogen for hydrogen supply chain technologies. This program include five hydrogen production technology on steam methane reforming and water electrolysis, two hydrogen storage technologies (high compressed gas and liquid hydrogen storage), three hydrogen delivery technologies (compressed gas delivery using tube trailer, liquid hydrogen, and pipeline transportation) and six hydrogen utilization technologies on hydrogen refueling station and stationary fuel cell system. In the case of overseas import hydrogen, it was considered to be imported from five countries (Austraila, Chile, India, Morocco, and UAE), and the transportation methods was based on liquid hydrogen, ammonia, and liquid organic hydrogen carrier. Economic analysis program that was developed in this study can be expected to utilize for planning a detailed implementation methods and hydrogen supply strategies for the hydrogen economy road map of government.

• Clean Technology
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• v.28 no.2
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• pp.182-192
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• 2022

This study provides an overview of the production costs of methane and hydrogen via water electrolysis-based hydrogen production followed by a methanation based methane production technology utilizing CO₂ from external sources. The study shows a comparative way for economic optimization of green methane generation using excess free electricity from renewable sources. The study initially developed the overall process on the Aspen Plus simulation tool. Aspen Plus estimated the capital expenditure for most of the equipment except for the methanation reactor and electrolyzer. The capital expenditure, the operating expenditure and the feed cost were used in a discounted cash flow based economic model for the methane production cost estimation. The study compared different reactor configurations as well. The same model was also used for a hydrogen production cost estimation. The optimized economic model estimated a methane production cost of $11.22/mcf when the plant is operating for 4000 hr/year and electricity is available for zero cost. Furthermore, a hydrogen production cost of $2.45/GJ was obtained. A sensitivity analysis was performed for the methane production cost as the electrolyzer cost varies across different electrolyzer types. A sensitivity study was also performed for the changing electricity cost, the number of operation hours per year and the plant capacity. The estimated levelized cost of methane (LCOM) in this study was less than or comparable with the existing studies available in the literature.

• Transactions of the Korean hydrogen and new energy society
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• v.34 no.3
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• pp.235-245
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• 2023

Techno-economic analyses on a 5-MW water electrolysis system for hydrogen production, operated in Jeju Island where the portion of renewable energy in the power grid is the highest in Korea, have been performed. The cost of hydrogen production and the economic feasibility of the hydrogen production system have been mainly analyzed based on the levelized-cost-of-hydrogen model. The effects of carbon emission trading and renewable power purchase method have been considered to reduce the cost of green hydrogen production in the case studies. This economic analysis model is expected to be used to derive a business model for green hydrogen production.

• Transactions of the Korean hydrogen and new energy society
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• v.33 no.4
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• pp.309-317
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• 2022

There are 2,517 buses on 143 routes in Busan. One company is operating 36 hydrogen city buses (1.4%) and two hydrogen charging stations. By 2030, the number of hydrogen city buses will be increased to 500 and 40 hydrogen charging stations. In the survey of city bus companies, 61.5% of respondents answered 'not reviewing (at all)' and 23.0% of respondents '(actively) reviewing hydrogen buses'. And as for the level of help that hydrogen city buses give to bus companies, 23.5% answered 'helpful'. In order to promote the introduction of hydrogen city buses, first, it is necessary to stipulate support for hydrogen bus purchase cost and hydrogen charging station construction cost in related ordinances so that bus companies do not increase their burden of purchasing hydrogen buses in the future. Second, identify the number of new city buses introduced, convert about 50% to hydrogen city buses by the mid-term, and build 50% of the chargers in public garages with hydrogen chargers. Third, expand hydrogen refueling stations in city bus garages.

• Transactions of the Korean hydrogen and new energy society
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• v.30 no.4
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• pp.338-346
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• 2019

During last years, hydrogen refueling infrastructure test and devices research for hydrogen station presented a significant growth consisting of the commercialization of fuel cell electric vehicles (FCEVs). However, we still have many challenges for making commercial hydrogen stations such as increased safety and cost reduction. This study demonstrates the low cost hydrogen storage tank (type 2) and effective winding method for high pressure hydrogen storage. We use numerical analysis to verify stress changes inside the wire according to the winding condition. Also liner size, winding wire size and wire tension were studied for the safety and cost down. Results show that the stress of winding wire decreased with increased winding angle and increased the liner diameter. On the other hand, the stress of winding wire increased according to the increased wire thickness and tension.

• Journal of the Korean Institute of Gas
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• v.13 no.3
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• pp.28-32
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• 2009

There are two hydrogen supply systems which are central and distributed supply. Central supply system may be cost-effective but huge supply infra cost is needed. For cost-effectiveness, hydrogen supply with existing natural gas pipeline has been focused in Europe. From the analysis results in this study, hydrogen supply method with existing natural gas pipeline is the better for environmental availability including green house effect.

• Transactions of the Korean hydrogen and new energy society
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• v.27 no.3
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• pp.256-263
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• 2016

As the hydrogen era comes near future, hydrogen fuel cell vehicles are core of hydrogen economy. Until now, Korea has 17 hydrogen refueling stations but 9 hydrogen refueling stations have been retired already and 8 hydrogen refueling stations are still running. With a limited number of hydrogen refueling stations, it is very difficult to get scientific data for the economy of hydrogen refueling stations in Korea. Thus, based on NREL(National Renewable Energy Laboratory) study, we analyzed most recent data for the construction of hydrogen refueling stations in one specific site in Korea. The cost comparison data between Korea and USA shows 14% difference, saying higher costs of Korea. Korea looks 5 years delay compared to USA. This data will be an important tool for the investment from every industrial parties.

• Transactions of the Korean hydrogen and new energy society
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• v.30 no.3
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• pp.251-259
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• 2019

The aim of this study is to evaluate the economic feasibility of domestic on-site steam methane reforming (SMR) hydrogen refueling stations. We evaluated the levelized cost of hydrogen (LCOH) for the SMR hydrogen refueling stations, which have production capacities of 100 kg/day (SMR 100), 200 kg/day (SMR 200), and 500 kg/day (SMR 500) utilizing the scale factor. The main results indicated that the LCOH of SMR 100, SMR 200, and SMR 500 were 14,367 won/kg, 11,122 won/kg, and 8,157 won/kg, if the utilizations of hydrogen stations were 70%. These results imply that the production capacity of the domestic SMR hydrogen station should be greater than 500 kg/day to compete with other hydrogen stations when we consider the current sale price of hydrogen at the hydrogen stations.