• Title/Summary/Keyword: hydrogen price

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Establishment of a Fuzzy Multi-criteria Decision Making Method Framework for Selecting R&D Programs of Energy Technologies (에너지기술 R&D 프로그램 선정을 위한 퍼지 다기준의사결정 프레임워크 수립)

  • Lee, Seong-Kon;Mogi, Gento;Kim, Jong-Wook
    • Transactions of the Korean hydrogen and new energy society
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    • v.20 no.1
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    • pp.22-30
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    • 2009
  • Energy environment has been changing rapidly such as the fluctuation of oil prices and the effect on UNFCCC. Oil price change affects Korea's economy heavily due to her poor natural resources and large dependence of consumed energy resources. Korea takes the 4th place of importing the crude oil and 9th place in $CO_2$ emissions with the 1st place of $CO_2$ emissions increasing rate. Considering the current statue of Korea including oil price change and UNFCCC, Korea will be expected to be the Annex I nation due to Korean energy environments and the quantity of $CO_2$ emission. Energy technology development is a crucial key to cope with Korea's national energy security and environments. In this study, we establish the framework, which allocates the relative weights of assessment criteria and sub-criteria, for assessing and selecting R&D programs of energy technologies strategically. We integrated fuzzy theory and analytic hierarchy process (AHP) approach since the fuzzy AHP approach reflects the vagueness of human thoughts and perception effectively as making pairwise comparisons of criteria and alternatives. The fundamental data of this research results will support R&D planning phase for policy-makers and the production of well focused R&D outcomes.

Investigation of the Cryogenic Performance of the High Density Polyurethane Foam (고밀도 폴리우레탄 폼의 극저온 성능 분석)

  • Jeong-Hyeon Kim;Jeong-Dae Kim;Tae-Wook Kim;Seul-Kee Kim;Jae-Myung Lee
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.6_3
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    • pp.1289-1295
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    • 2023
  • Polyurethane foam insulation required for storing and transporting cryogenic liquefied gas is already widely used as a thermal insulation material for commercial LNG carriers and onshore due to its stable price and high insulation performance. These polyurethane foams are reported to have different mechanical performance depending on the density, and the density parameter is determined depending on the amount of the blowing agent. In this study, density-dependent polyurethane foam was fabricated by adjusting the amount of blowing agent. The mechanical properties of polyurethane foam were analyzed in the room temperature and cryogenic temperature range of -163℃ at 1.5 mm/min, which is a quasi-static load range, and the cells were observed through microstructure analysis. The characteristics of linear elasticity, plateau, and densification, which are quasi-static mechanical behaviors of polyurethane foam, were shown, and the correlation between density and mechanical properties in a cryogenic environment was confirmed. The correlation between mechanical behavior and cell size was also analyzed through SEM morphology analysis. Polyurethane foam with a density of 180 kg/m3 had a density about twice as high as that of a polyurethane foam with a density of 96 kg/m3, but yield strength was about 51% higher and cell size was about 9.5% smaller.

Economic Evaluation of Coals Imported in Last 3 Years for Power Plant Based on Thermal Performance Analysis (최근 3년간 수입 유연탄 분석 및 연소열성능 해석을 활용한 석탄화력 발전소 탄종 경제성 평가 연구)

  • Baek, Sehyun;Park, Hoyoung;Ko, Sung Ho
    • Journal of the Korean Society of Combustion
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    • v.18 no.3
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    • pp.44-53
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    • 2013
  • In this study, the economic evaluation for imported coals was conducted for power plant based on thermo-dynamical performance analysis. The number of coal types considered was 1,755 imported by five power generation companies in Korea during the 2010-2012. The higher heating value (HHV) of the coals ranged 4,000-6,500 kcal/kg, mostly sub-bituminous. The 1D thermo-dynamical performance modeling was performed for a 500 MWe standard power plant using PROATES code. It was founded that the low rank coals had negative effects on the plant efficiency mainly due to the increased heat loss by moisture, hydrogen and flue gas. Based on the performance analysis, the economic performance of the coals was evaluated. The apparent price of low-rank coals tended to be significantly lower than design coal; for example, the unit price of coal with a HHV of 4,000 kcal/kg was 57% of the reference coal having 6,080 kcal/kg. Considering the negative effects leading to a decrease in the thermal performance, heating value compensation, and increased parasite load, the corrected unit cost for the coal with 4,000 kcal/kg was 90.7% of the reference coal. Overall, the cost saving by imported coals was not high as expected.

A Study on World Energy Outlook and the Optimal Alternatives for Energy Technology Development: Focusing on Coal Utilization Technology (에너지자원 수급 전망 분석 및 최적 기술 개발 대안에 관한 연구: 석탄활용기술 중심)

  • Lee, Seong-Kon;Kim, Jong-Wook;Yoon, Yong-Jin
    • Journal of Energy Engineering
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    • v.15 no.3 s.47
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    • pp.174-180
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    • 2006
  • The trend and outlook of energy supply and demand have an crucial effect on not only energy sector but also korean economy due to the rapid change of energy environments with continuous high oil price such as dubai crude oil price of above $60 a barrel. Specifically, korea is the 9th largest energy consuming nation in the world and the 97 percentages of energy import totally depends on the import of energy resources in korea. Korean economy is influenced directly by the trend and outlook of world energy on account of that. Moreover, Should korea be the annex 1 country having responsibility for reducing its greenhouse gas emissions to 1990 levels by the year 2000, in 2013, The effectuation of united nations framework convention on climate change will affect korean economy severely. In this study, we analyze the supply and demand of primary energy resources such as petroleum, coal, and natural gas. we then suggest the optimal alternatives of energy technology development that play an important part, which will be a temporary bridge, in going forward with hydrogen economy in the aspects of energy policy.

Development of Economic Prediction Model for Internal Combustion Engine by Dual Fuel Generation (내연기관엔진의 가스혼소발전 경제성 예측모델 개발)

  • HUR, KWANG-BEOM;JANG, HYUCK-JUN;LEE, HYEONG-WON
    • Transactions of the Korean hydrogen and new energy society
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    • v.31 no.4
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    • pp.380-386
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    • 2020
  • This paper represents an analysis of the economic impact of firing natural gas/diesel and natural gas/by-product oil mixtures in diesel engine power plants. The objects of analysis is a power plant with electricity generation capacity (300 kW). Using performance data of original diesel engines, the fuel consumption characteristics of the duel fuel engines were simulated. Then, economic assessment was carried out using the performance data and the net present value method. A special focus was given to the evaluation of fuel cost saving when firing natural gas/diesel and natural gas/by-product oil mixtures instead of the pure diesel firing case. Analyses were performed by assuming fuel price changes in the market as well as by using current prices. The analysis results showed that co-firing of natural gas/diesel and natural gas/by-product oil would provide considerable fuel cost saving, leading to meaningful economic benefits.

Economic Feasibility Analysis for P2G Using PEM Water Electrolysis (PEM 수전해를 이용한 P2G에 대한 경제적 타당성 분석)

  • JEONG, SEONJU;CHOI, NAK HEON;MOON, CHANGHWAN;MOON, SANGBONG;LIM, HANKWON
    • Transactions of the Korean hydrogen and new energy society
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    • v.28 no.3
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    • pp.231-237
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    • 2017
  • With worldwide efforts to increase the portion of renewable energy for $CO_2$ reductions, a lot of attention has been paid to P2G (power-to-gas) in Europe and Japan to efficiently utilize the surplus electricity. In this paper, economic feasibility analysis has been carried out for P2G using PEM water electrolysis by reflecting current economic status in Korea. In addition, efficiency and electricity price required to be competent in Korean market were provided. Based on cash flow diagrams, unit production costs for $H_2$ and $CH_4$ were estimated and profitability of P2G using PEM water electrolysis was analyzed.

High Electrochemical Activity of Pt-Cu Alloy Support on Carbon for Oxygen Reduction Reaction (산소 환원 반응을 위한 탄소기반 Pt-Cu 합금의 높은 전기적 촉매 활성)

  • KIM, HAN SEUL;RYU, SU CHAK;LEE, YOUNG WOOK;SHIN, TAE HO
    • Transactions of the Korean hydrogen and new energy society
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    • v.30 no.6
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    • pp.549-555
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    • 2019
  • Electrocatalysis of oxygen reduction reaction (ORR) using Pt nanoparticles or bimetal on carabon was studied. Currently, the best catalyst is platinum, which is a limited resource and expensive to commercialize. In this paper, we investigated the cheaper and more active electrocatalysts by making Pt nanoparticles and adding 3D transition metal such as copper. Electrocatalysts were obtained by chemical reduction based on ethylene glycol solutions. Elemental analysis and particle size were confirmed by XRD and TEM. The electrochemical surface area (ECSA) and activity of the catalyst were determined by electrochemical techniques such as cyclic voltammetry and linear sweep voltammetry method. The commercialized Pt support on carbon (Pt/C, JM), synthesis Pt/C and synthesis Pt3Cu1 alloy nanoparticles supported on carbon were compared. We confirmed that the synthesized Pt3-Cu1/C has high electrochemical performance than commercial Pt/C. It is expected to develop an electrocatalyst with high activity at low price by increasing the oxygen reduction reaction rate of the fuel cell.

Trigeneration Based on Solid Oxide Fuel Cells Driven by Macroalgal Biogas (거대조류 바이오가스를 연료로 하는 고체산화물 연료전지를 이용한 삼중발전)

  • Effendi, Ivannie;Liu, J. Jay
    • Clean Technology
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    • v.26 no.2
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    • pp.96-101
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    • 2020
  • In this paper, the commercial feasibility of trigeneration, producing heat, power, and hydrogen (CHHP) and using biogas derived from macroalgae (i.e., seaweed biomass feedstock), are investigated. For this purpose, a commercial scale trigeneration process, consisting of three MW solid oxide fuel cells (SOFCs), gas turbine, and organic Rankine cycle, is designed conceptually and simulated using Aspen plus, a commercial process simulator. To produce hydrogen, a solid oxide fuel cell system is re-designed by the removal of after-burner and the addition of a water-gas shift reactor. The cost of each unit operation equipment in the process is estimated through the calculated heat and mass balances from simulation, with the techno-economic analysis following through. The designed CHHP process produces 2.3 MW of net power and 50 kg hr-1 of hydrogen with an efficiency of 37% using 2 ton hr-1 of biogas from 3.47 ton hr-1 (dry basis) of brown algae as feedstock. Based on these results, a realistic scenario is evaluated economically and the breakeven electricity selling price (BESP) is calculated. The calculated BESP is ¢10.45 kWh-1, which is comparable to or better than the conventional power generation. This means that the CHHP process based on SOFC can be a viable alternative when the technical targets on SOFC are reached.

Partial Preconditioning Approach for the Solution of Detailed Kinetics Problems Based on Sensitivity Analysis (효율적인 상세 반응 기구 해석을 위한 민감도 기반의 부분 음해법)

  • Kang, K.H.;Moon, S.Y.;Noh, J.H.;Won, S.H.;Choi, J.Y.
    • Journal of the Korean Society of Combustion
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    • v.13 no.1
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    • pp.17-22
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    • 2008
  • A partly implicit/quasi-explicit method is introduced for the solution of detailed chemical kinetics with stiff source terms based on the standard fourth-order Runge-Kutta scheme. Present method solves implicitly only the stiff reaction rate equations, whereas the others explicitly. The stiff equations are selected based on the survey of the chemical Jaconian matrix and its Eigenvalues. As an application of the present method constant pressure combustion was analyzed by a detailed mechanism of hydrogen-air combustion with NOx chemistry. The sensitivity analysis reveals that only the 4 species in NOx chemistry has strong stiffness and should be solved implicitly among the 13 species. The implicit solution of the 4 species successfully predicts the entire process with same accuracy and efficiency at half the price.

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Current Situation of Renewable Energy Resources Marketing and its Challenges in Light of Saudi Vision 2030 Case Study: Northern Border Region

  • AL-Ghaswyneh, Odai Falah Mohammad
    • International Journal of Computer Science & Network Security
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    • v.22 no.3
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    • pp.89-94
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    • 2022
  • The Saudi Vision 2030 defined the directions of the national economy and market towards diversifying sources of income, and developing energy to become less dependent on oil. The study sought through a theoretical review to identify the reality of the energy sector and the areas of investment available in the field of renewable energy. Findings showed that investment in the renewable energy sector is a promising source according to solar, wind, hydrogen, geothermal energy and burning waste than landfill to extract biogas for less emission. The renewable energy sector faces challenges related to technology, production cost, price, quantity of production and consumption, and markets. The study revealed some recommendations providing and suggested electronic marketing system to provide investors and consumers with energy available from renewable sources.