 Techno-Economic Analysis of Green Hydrogen Production as Maritime Fuel from Wave EnergyZimasa Macingwane () and
Alessandro Schönborn ()
Energies, 2024, vol. 17, issue 18, 1-20 Abstract: The study examined the potential changing roles of ports in terms of diversifying their revenue through the expansion of new markets in the Port of Ngqura. This is by means of the production and sales of renewable hydrogen as marine fuel produced from a wavefarm in Nelson Mandela Bay. A key objective of the study was to conduct a comprehensive techno-economic analysis of the feasible hydrogen production technologies based on the analysis performed, including alkaline electrolysis of seawater and renewable-powered electrolysis of seawater. The produced hydrogen aligns with global decarbonisation of ships and ports and will be used to supply the port with electricity, serve to refuel tugboats, and provide green hydrogen bunkering fuel for commercial shipping vessels. The Port of Ngqura is geographically well positioned to lead the production of zero carbon shipping fuel. This work considers the CAPEX and OPEX of a hydrogen plant using electrolysers and evaluates the current cost of production and selling price of hydrogen. The primary aim of this study was to examine the feasibility of hydrogen production through electrolysis of seawater at the Port of Ngqura. Through assessing resource and technological options, determining advantageous economic assumptions, and identifying existing limitations and potential opportunities, a feasibility study was conducted with special consideration of the site characteristics of Ngqura. The output of this study is a model that simulates the production, storage, and transportation of hydrogen gas from the Port of Ngqura, which was further used to analyse different case study scenarios. This approach directly addresses the main goal of the study. The results found showed that with wave energy convertors in a row of three next to each other, the energy produced by the wave farm was 2.973 TJ per month, which is equivalent to 18.58 tons of produced hydrogen when considering the lower heating value of hydrogen and assuming that hydrogen production efficiency is 75%. The anticipated hydrogen fuel will be able to refuel a tugboat with green hydrogen from the energy produced by the wave farm each month. It is predicted that the price of hydrogen is expected to drop, and the price of fossil fuel will gradually increase in the coming years. The fact that coal electricity can be produced on demand and wind and solar energy are weather dependent as a result lacks the ability to achieve a constant supply. There is currently an urgent need for energy storage and the efforts to study the production of hydrogen and ammonia. Hydrogen is still predicted to be more expensive than coal electricity; however, from this, maybe a critical cost for a kg of CO 2 could be calculated, which could make hydrogen competitive. The cost of green hydrogen production from wave energy in the Port of Ngqura was calculated as R96.07/kg (4.88 EUR/kg) of produced hydrogen, which is equivalent to 2.1 times the cost of the same energy supplied as Marine Diesel Oil (MDO) at current prices. Hydrogen from wave energy would thus become competitive with MDO; if a price is set for the emission of CO 2 , this may also offset the difference in cost between MDO and hydrogen from wave energy. The carbon price necessary to make green hydrogen competitive would be approximately R6257/tonne CO 2 , or 318 EUR/tonne CO 2 , which is around 4.5 times the current trading price of carbon in the EU Emissions Trading Scheme. Keywords: changing role of ports; wave-power; hydrogen; maritime; alternative fuels (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:17:y:2024:i:18:p:4683-:d:1481778 Access Statistics for this article Energies is currently edited by Ms. Agatha Cao More articles in Energies from MDPI |
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