EconPapers    
Economics at your fingertips  
 

Community acceptance of hydrogen power plant projects: The case of South Korea

Woojin Son, Seungyeon Lee and JongRoul Woo

Renewable and Sustainable Energy Reviews, 2023, vol. 187, issue C

Abstract: Hydrogen fuel cell power plants are emerging as a means of transition to a hydrogen economy paradigm to achieve carbon neutrality by 2050. Owing to its advantage of eliminating the need for high-voltage transmission grid installations and reducing related conflicts, the acceptance by the community is key to the successful construction of hydrogen fuel cell power plants near residential regions for a decentralized generation that provides heat as well as electricity. This study estimated residents’ willingness to accept the construction of a hydrogen fuel cell power plant construction and identified the marginal willingness to accept the attributes using a contingent valuation method and discrete choice experiment, respectively. Combining the results of the two methods, a simulation was conducted to determine the subsidy level. The results revealed that the annual WTA of residents for a 5 MW hydrogen fuel cell power plant at a distance of 1 km from the residential area was about KRW 7.8 million (USD 6037/year). However, the annual WTA decreases to KRW 5.41 million (USD 4185/year) if the plant does not have a large-scale hydrogen storage tank internally and increases to KRW 9.42 million (USD 7287/year) if the plant does not supply hot water. The results of this study can serve as empirical evidence for policymakers to secure their acceptance of expanding hydrogen fuel cell power plants and achieving a hydrogen economy.

Keywords: Hydrogen power plant; Stationary fuel cell; Hydrogen economy; Community acceptance; Contingent valuation method; Discrete choice experiment (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032123006354
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:187:y:2023:i:c:s1364032123006354

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2023.113778

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:rensus:v:187:y:2023:i:c:s1364032123006354