Allocation of Ontario’s Surplus Electricity to Different Power-to-Gas Applications
Suaad S. Al-Zakwani,
Azadeh Maroufmashat,
Abdelkader Mazouz,
Michael Fowler and
Ali Elkamel
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Suaad S. Al-Zakwani: Department of Chemical Engineering, University of Waterloo, Waterloo, ON N2L 3G1, Canada
Azadeh Maroufmashat: Department of Chemical Engineering, University of Waterloo, Waterloo, ON N2L 3G1, Canada
Abdelkader Mazouz: College of Business, Al Ain University of Science and Technology, Al Ain 64141, UAE
Michael Fowler: Department of Chemical Engineering, University of Waterloo, Waterloo, ON N2L 3G1, Canada
Ali Elkamel: Department of Chemical Engineering, University of Waterloo, Waterloo, ON N2L 3G1, Canada
Energies, 2019, vol. 12, issue 14, 1-18
Abstract:
Power-to-Gas (PtG) is a potential means of managing intermittent and weather-dependent renewable energies to create a storable chemical energy form. Power-to-Gas is not only a storage technology; its role can be extended to many other applications including energy distribution, transportation, and industrial use. This study quantifies the hydrogen volumes upon utilizing Ontario, Canada’s surplus electricity baseload and explores the allocation of the hydrogen produced to four Power-to-Gas pathways in terms of economic and environmental benefits, focusing on the following Power-to-Gas pathways: Power-to-Gas to mobility fuel, Power-to-Gas to industry, Power-to-Gas to natural gas pipelines for use as hydrogen-enriched natural gas, and Power-to-Gas to renewable natural gas (i.e., Methanation). The study shows that the Power-to-Gas to mobility fuel pathway has the potential to be implemented. Utilization of hydrogen for refueling light-duty vehicles is a profitable business case with an average positive net present value of $4.5 billions, five years payback time, and 20% internal rate of return. Moreover, this PtG pathway promises a potential 2,215,916 tonnes of CO 2 reduction from road travel.
Keywords: Power-to-Gas; hydrogen production; hydrogen economy; hydrogen energy storage; electrolyzers; Techno-economic assessment (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:12:y:2019:i:14:p:2675-:d:247767
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