Research on Investment Economics of Hydrogen Production Project in Thermal Power Plant Under Auxiliary Service Market

Jing Jiang, Hua Li (), ZhiWei Xie, YiWei Xue, Qi Luo and RunQi Liu
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Jing Jiang: Guangzhou Power Supply Bureau of Guangdong Power Grid Corporation
Hua Li: Guangzhou Power Supply Bureau of Guangdong Power Grid Corporation
ZhiWei Xie: Guangzhou Power Supply Bureau of Guangdong Power Grid Corporation
YiWei Xue: Guangzhou Power Supply Bureau of Guangdong Power Grid Corporation
Qi Luo: Guangzhou Power Supply Bureau of Guangdong Power Grid Corporation
RunQi Liu: Guangzhou Power Supply Bureau of Guangdong Power Grid Corporation

A chapter in Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023), 2023, pp 272-279 from Springer

Abstract: Abstract On the basis of analyzing the characteristics of hydrogen energy, the application status and development trend of hydrogen energy storage technology, the feasibility and advantages of participating in auxiliary service of peak load balancing for hydrogen production projects invested in thermal power were studied and analyzed, and the investment economy of hydrogen production projects was demonstrated by using traditional engineering economic evaluation methods combined with examples. Finally, this paper argues that thermal power plants sell electricity to hydrogen production enterprises at a low price during peak regulation period, the thermal power plants can gain profits, the hydrogen market has a good prospect, and the hydrogen production project itself can achieve a better return on investment.

Keywords: New energy consumption; Auxiliary service; Hydrogen production; Economical efficiency (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-224-8_34

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DOI: 10.2991/978-94-6463-224-8_34

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