• 청정기술
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• 제28권2호
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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.

• 상하수도학회지
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• 제20권2호
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• pp.225-234
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• 2006

Characteristics of electricity production from major fermentation products (acetate, propionate and butyrate) were evaluated in a microbial fuel cell (MFC). For each substrate, batch and continuous experiments were performed. The batch test result indicated that coulombic efficiency depended on the resistance connected in MFC circuit. With acetate, coulombic efficiency were 87% at $20{\Omega}$, but decreaced to 45% at$220{\Omega}$. In continuous tests, maximum power densities obtained was 220 Q with acetate. The maximum power densities of butyrate, acetate and propionate were 6.8, 6.1, and $5.2mW/m^2$, respectively. Propionate and butyrate were converted into acetate producing high currents. $H_2$ produced during butyrate and propionate probably used to produce electricity. In conclusion, butyrate conversion into acetate was faster than that of propionate with higher electricity production. If the production of propionate is inhibited during fermentation, anaerobically fermented liguor may be effectively applied for MFC.

• 자원ㆍ환경경제연구
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• 제14권3호
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• pp.729-751
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• 2005

RPS(Renewable Portfolio Standards)제도는 시장기능을 통하여 전력생산의 일정 양 또는 비율을 신재생에너지로 충당하도록 의무화함으로써 신재생에너지의 보급을 활성화하는 제도이다. 본 논문은 RPS제도의 국내 도입이 전력시장, 개별 산업부문 및 경제 전체에 어떤 영향을 미칠 것인가를 검토하였다. 의무비율을 채우지 못하거나 과다충족한 경우 각 해당부분을 대상사업자로부터 구매하거나 또는 대상사업자에게 판매할 수 있는 TREC(Tradable Renewable Energy Credits)시장과 RPS제도 실시에 따른 추가적인 공급비용이 유발하는 소비자의 추가비용을 판단할 수 있는 소매시장을 분석하여 최종소매가격과 공급량의 변화를 살펴보았다. 끝으로 RPS제도 도입에 따른 전력가격의 상승과 공급의 변화가 국민경제에 미치는 효과를 분석하였다. 주요 결과를 보면, 2011년 기준으로 전력가격의 용도별 평균치는 약 5% 정도 상승, 부문별 물가는 평균 0.268% 상승, 그리고 부문별 GDP는 평균 1.940% 감소하여 물가상승효과는 작은 반면 GDP 감소효과는 큰 것으로 나타났다.

• Nuclear Engineering and Technology
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• 제39권1호
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• pp.1-8
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• 2007

Hydrogen and electricity are expected to dominate the world energy system in the long term. The world currently consumes about 50 million metric tons of hydrogen per year, with the bulk of it being consumed by the chemical and refining industries. The demand for hydrogen is expected to increase, especially if the U.S. and other countries shift their energy usage towards a hydrogen economy, with hydrogen consumed as an energy commodity by the transportation, residential and commercial sectors. However, there is strong motivation to not use fossil fuels in the future as a feedstock for hydrogen production, because the greenhouse gas carbon dioxide is a byproduct and fossil fuel prices are expected to increase significantly. An advanced reactor technology receiving considerable international interest for both electricity and hydrogen production, is the modular helium reactor (MHR), which is a passively safe concept that has evolved from earlier high-temperature gas-cooled reactor (HTGR) designs. For hydrogen production, this concept is referred to as the H2-MHR. Two different hydrogen production technologies are being investigated for the H2-MHR; an advanced sulfur-iodine (SI) thermochemical water splitting process and high-temperature electrolysis (HTE). This paper describes pre-conceptual design descriptions and economic evaluations of full-scale, nth-of-a-kind SI-Based and HTE-Based H2-MHR plants. Hydrogen production costs for both types of plants are estimated to be approximately $2 per kilogram.

• 대한전기학회논문지:전력기술부문A
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• 제51권12호
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• pp.638-646
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• 2002

This paper presents an efficient algorithm for evaluating the Profit and revenue of generating units in a competitive electricity market based on the probabilistic production costing technique. The accurate evaluation of the profit and revenue of generating units for long-term perspectives is one of the most important issues in a competitive electricity market environment. For efficient calculation of the profit and revenue of generating units under the equivalent load duration curve(ELDC), a new approach to figure out the marginal plants and the corresponding market clearing prices during a time period in a probabilistic manner is developed. The mathematical formulation and illustrative application of the suggested method is presented.

• 경영과학
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• 제33권1호
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• pp.35-47
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• 2016

Generation of electricity using wind power has received considerable attention worldwide in recent years mainly due to its minimal environmental impact. However, volatility of wind power production causes additional problems to provide reliable electricity to an electrical grid regarding power system operations, power system planning, and wind farm operations. Those problems require appropriate stochastic models for the electricity generation output of wind power. In this study, we review previous literatures for developing the stochastic model for the wind power generation, and propose a systematic procedure for developing a stochastic model. This procedure shows a way to build an ARIMA model of volatile wind power generation using historical data, and we suggest some important considerations. In addition, we apply this procedure into a case study for a wind farm in the Republic of Korea, Shinan wind farm, and shows that our proposed model is helpful for capturing the volatility of wind power generation.

• 한국시스템다이내믹스연구
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• 제2권2호
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• pp.25-40
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• 2001

This paper describes the forecast of power plant construction in a competitive korean electricity market. In Korea, KEPCO (Korea Electric Power Corporation, fully controlled by government) was responsible for from the production of the electricity to the sale of electricity to customer. However, the generation part is separated from KEPCO and six generation companies were established for whole sale competition from April 1st, 2001. The generation companies consist of five fossil power companies and one nuclear power company in Korea at present time. Fossil power companies are scheduled to be sold to private companies including foreign investors. Nuclear power company is owned and controlled by government. The competition in generation market will start from 2003. ISO (Independence System Operator will purchase the electricity from the power exchange market. The market price is determined by the SMP(System Marginal Price) which is decided by the balance between demand and supply of electricity in power exchange market. Under this uncertain circumstance, the energy policy planners such as government are interested to the construction of the power plant in the future. These interests are accelerated due to the recent shortage of electricity supply in California. In the competitive market, investors are no longer interested in the investment for the capital intensive, long lead time generating technologies such as nuclear and coal plants. Large unclear and coal plants were no longer the top choices. Instead, investors in the competitive market are interested in smaller, more efficient, cheaper, cleaner technologies such as CCGT(Combined Cycle Gas Turbine). Electricity is treated as commodity in the competitive market. The investors behavior in the commodity market shows that the new investment decision is made when the market price exceeds the sum of capital cost and variable cost of the new facility and the existing facility utilization depends on the marginal cost of the facility. This investors behavior can be applied to the new investments for the power plant. Under these postulations, there is the potential for power plant construction to appear in waves causing alternating periods of over and under supply of electricity like commodity production or real estate production. A computer model was developed to sturdy the possibility that construction will appear in waves of boom and bust in Korean electricity market. This model was constructed using System Dynamics method pioneered by Forrester(MIT, 1961) and explained in recent text by Sternman (Business Dynamics, MIT, 2000) and the recent work by Andrew Ford(Energy Policy, 1999). This model was designed based on the Energy Policy results(Ford, 1999) with parameters for loads and resources in Korea. This Korea Market Model was developed and tested in a small scale project to demonstrate the usefulness of the System Dynamics approach. Korea electricity market is isolated and not allowed to import electricity from outsides. In this model, the base load such as unclear and large coal power plant are assumed to be user specified investment and only CCGT is selected for new investment by investors in the market. This model may be used to learn if government investment in new unclear plants could compensate for the unstable actions of private developers. This model can be used to test the policy focused on the role of unclear investments over time. This model also can be used to test whether the future power plant construction can meet the government targets for the mix of generating resources and to test whether to maintain stable price in the spot market.

• 한국수소및신에너지학회논문집
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• 제15권4호
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• pp.324-332
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• 2004

According to the rapid depletion of the fossil fuels, the electricity and hydrogen will gradually take charge of the future energy supply. Especially, in order to control the supply and demand of electricity, energy storage medium is necessary and this could be solved by the combination of water electrolysis and fuel cell. Although electricity can be generated from such alternative energies as hydropower, nuclear, solar, and wind-power resources, alternative energy storage medium is also required since regenerative energies, solar and wind-powers, are intermittent energy resources. In this regard, hydrogen production from water electrolysis was recognized as a superb method for electricity storage. In this work, the current development and economic status of alkaline, solid polymer, and high temperature electrolysis were reviewed, and then the practical use of water electrolysis technology were discussed.

• 국제학술발표논문집
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• The 9th International Conference on Construction Engineering and Project Management
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• pp.937-944
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• 2022

Electric vehicles (EVs) have been growing to reduce energy consumption and greenhouse gas (GHG) emissions in the transportation sector. The increasing number of EVs requires adequate recharging infrastructure, and at the same time, adopts low- or zero-emission electricity production because the GHG emissions are highly dependent on primary sources of electricity production. Although previous research has studied solar photovoltaic (PV) -integrated EV charging stations, it is challenging to optimize spatial areas between where the charging stations are required and where the renewable energy sources (i.e., solar photovoltaic (PV)) are accessible. Therefore, the primary objective of this research is to support decisions of siting EV charging stations using a spatial data clustering method integrated with Geographic Information System (GIS). This research explores spatial relationships of PV power outputs (i.e., supply) and traffic flow (i.e., demand) and tests a community in the state of Indiana, USA for optimal sitting of EV charging stations. Under the assumption that EV charging stations should be placed where the potential electricity production and traffic flow are high to match supply and demand, this research identified three areas for installing EV charging stations powered by rooftop PV in the study area. The proposed strategies will drive the transition of existing energy infrastructure into decentralized power systems. This research will ultimately contribute to enhancing economic efficiency and environmental sustainability by enabling significant reductions in electricity distribution loss and GHG emissions driven by transportation energy.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2000년도 하계학술대회 논문집 A
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• pp.388-390
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• 2000

The production of electricity and the pattern of consumption in competitive electricity market are changing. The price of electric power in spot market will be varied by the economic electricity availability of generation utilities and electricity consumers. DSM(demand-side management) is a method which provides simultaneously economics to utilities and consumers as main participants in electricity market. In this paper, it is argued that the effect of DSM in competitive electricity market for consumers, generation utilities, and transmission utilities.