Optimisation of a Hybrid Wind, Solar, Electrolysis plant serving the Dutch Electricity and Hydrogen Market
J.F.A. Vlasblom (TU Delft - Electrical Engineering, Mathematics and Computer Science)
Petra W. Heijnen – Mentor (TU Delft - Energy and Industry)
Simon H. Tindemans – Graduation committee member (TU Delft - Intelligent Electrical Power Grids)
Z Lukszo – Mentor (TU Delft - Energy and Industry)
B.C. Ummels – Coach (TU Delft - Offshore Engineering)
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Abstract
This research evaluates and optimises the competitiveness of a combined wind, solar, and electrolyser plant in the Dutch electricity and hydrogen market. For the electricity market, this study used the EPEX spot market, where most electricity is traded. The hydrogen market is far less transparent than the electricity market; hence, a market had to be simulated for this study. It was assumed that the price of hydrogen is set by the production cost of hydrogen through steam methane reforming, because this is by far the largest producer of hydrogen in the current market. For both markets, it was assumed that an unlimited amount of electricity and/or hydrogen could be sold at the market price at any time. The competitiveness of the hybrid plant was determined by the Net present value of the hybrid plant. This NPV was calculated for nine research scenarios placed on two axes, a climate action axis, and a time axis. The climate axis represents the amount of climate action taken by governments and industries. The time axis represents the commercial operating date, varying from 2021 until 2030; this will illustrate how the plant competitiveness evolves.