The economic feasibility of green hydrogen and fuel cell electric vehicles for road transport in China
It develops quantitative models to conduct economic assessments of the feasibility of hydrogen energy produced from renewable energy and subsequently applied in the road transport sector in China. A well-to-wheel model is developed to estimate the carbon emissions of the hydrogen supply chain as well as that of the fuel cell electric
A review on the development of compressed air energy storage in China: Technical and economic challenges to commercialization
This study provides a detailed overview of the latest CAES development in China, including feasibility analysis, air storage options for CAES plants, and pilot CAES projects. According to China''s
Hydrogen Sourced from Renewables and Clean Energy: A Feasibility Study of Achieving Large-scale Demonstration
26 Chapter 3 Technical and Economic Feasibility of Renewable Energy to Hydrogen Projects in Southern Provinces for Supply to Guangdong Yan Long and Jishi Zhao 1. Introduction As a kind of clean energy, hydrogen energy
Editorial: Sustainable planning and lifecycle thinking of energy
TEA is a method used to evaluate the feasibility and economic viability of energy infrastructure projects, such as renewable energy generation, transmission, and distribution. The TEA approach takes into consideration various factors such as the availability of natural resources, energy demand and consumption patterns,
Economic feasibility and optimisation of an energy storage system for Portland Wind Farm (Victoria, Australia
In Ref. 15, a techno-economic assessment has been performed considering the uncertainties associated with the storage cost to explore the impact on future investment decisions and corresponding
Hydrogen Sourced from Renewables and Clean Energy: A Feasibility Study of Achieving Large-scale Demonstration
1 Chapter 1 Introduction 1. Background In the past 2 years, the Economic Research Institute for ASEAN and East Asia (ERIA) has identified a significant potential for hydrogen energy supply and demand in the East Asian Summit (EAS) region. China is one of the
Sustainable offshore oil and gas fields development: Techno-economic feasibility analysis
And establish energy supply system design and economic and environment evaluation model to solve the most economic energy equipment configuration. According to the structure of energy system and the types of available energy carriers, this paper establishes three energy system schemes: traditional energy supply (TES)
Comparative techno-economic evaluation of energy storage
Energy storage technology is a crucial means of addressing the increasing demand for flexibility and renewable energy consumption capacity in power
Economic and Environmental Feasibility of Second-Life Lithium-Ion Batteries as Fast-Charging Energy Storage
The economic feasibility of the battery bank depends on historical weather data and energy prices, besides this, the battery bank is financially viable when only considering income generated from
A review on the development of compressed air energy storage in China: Technical and economic
Compressed Air Energy Storage (CAES) that stores energy in the form of high-pressure air has the potential to deal with the unstable supply of renewable energy at large scale in China. This study provides a detailed overview of the latest CAES development in China, including feasibility analysis, air storage options for CAES
A comprehensive feasibility evaluation of salt cavern oil energy storage system in China
Large-scale underground oil storage has a great effect on national energy safety. China''s oil dependency has exceeded 70% for four consecutive years, so it is necessary for China to build strategic oil storage. The salt cavern is a good medium to store oil, and it is widely used in foreign countries.
Technical and Economic Feasibility of Utility-Scale Solar Energy
A move toward renewable energy sources has become a global trend due to the economic and the environmental inconveniences of fossil fuels. Solar energy receives a great share of research focus owing to its availability and eco-friendly characteristics. Different approaches are advised and implemented for converting solar
Economic feasibility of marine renewable energy: Review
This paper aims to comprehensively review the economic feasibility of Marine Renewable Energy. Five major continents are at different development stages of i In equation (3), the operation period of the marine energy system T is distributed into ''n'' intermissions, and each intermission has a duration of T i and the prerequisite energy
Discussion on the Feasibility of the Integration of Wind Power and
Shanxi in China, and other new energy sources and coal-rich provinces, a large-scale wind–photohydrogen energy storage/coal multienergy coupled system has been proposed. Wang [6] reported that hydrogen energy coupled with the coal chemical industry
Research on the feasibility of compressed carbon dioxide energy storage system with underground sequestration in antiquated mine
This study presents the feasibility of a novel CO 2 Energy Storage System with CO 2 storage in antiquated mine deposit. The proposed system is beneficial to both of the CO 2 storage and the energy storage for reutilization, with a satisfied energy utilization performance and an acceptable economic benefit.
Technical, Financial, and Environmental Feasibility Analysis of Photovoltaic EV Charging Stations With Energy Storage in China
Abstract: This study assesses the feasibility of photovoltaic (PV) charging stations with local battery storage for electric vehicles (EVs) located in the United States and China using a simulation model that estimates the system''s energy balance, yearly energy costs, and cumulative CO2 emissions in different scenarios based on the system''s PV energy
Estimating the Economics of Electrical Energy Storage Based on
The economic feasibility of GES under three different types of compensation mechanisms was analyzed. Based on a careful investigation of China''s existing power
Economic viability of battery energy storage and grid strategy: A
This research starts with a price arbitrage model to evaluate the feasibility of energy storage in China''s electricity market, which can be used to determine the
Estimating the Economics of Electrical Energy Storage Based on Different Policies in China
DING Jie et al. Estimating the Economics of Electrical Energy Storage Based on Different Policies in China 353 List of symbols Bgi,t Fuel consumption/kg, loss Ptl Power loss on the l-th grid line for a certain time period t /MW dp Cgit Depth peak load cycling
Energy Storage Deployment and Benefits in the Chinese Electricity Market Considering Renewable Energy Uncertainty and Energy Storage
The construction and development of energy storage are crucial areas in the reform of China''s power system. However, one of the key issues hindering energy storage investments is the ambiguity of revenue sources and
An economic feasibility assessment of decoupled energy storage in the UK: With liquid air energy storage
This paper proposes a methodology to assess the economic feasibility of using decoupled energy storage technologies such as liquid air energy storage in the UK. Based on the UK''s half-hourly electricity spot price in 2015 and the payment structure for providing reserve services, revenue streams are calculated every half hour under two
Sustainability | Free Full-Text | Evaluation of the Techno-Economic Feasibility for Excavated Soil Recycling in Shenzhen, China
The existing recycling chain of construction and demolition waste generally considers soil inert solid waste to be sent to landfills. As the most significant component of C&D (construction and demolition) waste, excavated soil occupies approximately half of landfills. Currently, excavated soil is a big issue in China''s Pearl River Delta. This paper
Energies | Free Full-Text | Economic Analysis of the Investments in Battery Energy Storage Systems: Review and Current Perspectives
Sources such as solar and wind energy are intermittent, and this is seen as a barrier to their wide utilization. The increasing grid integration of intermittent renewable energy sources generation significantly changes the scenario of distribution grid operations. Such operational challenges are minimized by the incorporation of the energy storage
Economic Analysis of Renewable Energy in the Electricity Marketization Framework: A Case Study in Guangdong, China
That is to say, the economic feasibility of renewable energy generation projects can be guaranteed only by the complete market mechanism. Correlation Between Power Generation Output and Load This section examines the correlation between power output and load through Monte Carlo simulation.
The economics of clean coal power generation with carbon capture and storage technology in China
The double-carbon goal proposal has made it imperative for China''s power industry to address the urgent issue of reducing greenhouse gas emissions from coal-fired power plants and promoting their clean and efficient use. A new approach to achieving peak-shaving and improving grid stability is the combination of carbon capture and
A review on the development of compressed air energy storage in China: Technical and economic
Compressed Air Energy Storage (CAES) that stores energy in the form of high-pressure air has the potential to deal with the unstable supply of renewable energy at large scale in China. This study provides a detailed overview of the latest CAES development in China, including feasibility analysis, air storage options for CAES plants, and pilot CAES
Technoeconomic feasibility of grid storage: Mapping electrical services and energy storage technologies
The remaining regionally specific service characteristic of market value will dictate the economic feasibility of providing services with energy storage. While market values of services vary significantly among electricity grids, and fluctuate as a function of time, some typical values of the more common grid services are given in Table 2 to
Free Full-Text | Energy Storage Economic Analysis of Multi-Application Scenarios in an Electricity Market: A Case Study of China
Energy storage has attracted more and more attention for its advantages in ensuring system safety and improving renewable generation integration. In the context of China''s electricity market restructuring, the economic analysis, including the cost and benefit analysis, of the energy storage with multi-applications is urgent for the market
Free Full-Text | Energy Storage Economic Analysis of Multi
This paper uses an income statement based on the energy storage cost–benefit model to analyze the economic benefits of energy storage under multi
Comprehensive technology and economic evaluation based on the promotion of large-scale carbon capture and storage demonstration projects
The technology known as carbon capture and storage (CCS) can significantly reduce greenhouse gas emissions on a massive scale. The whole process and large-scale CCS projects are still in the exploratory stage from project demonstration stage to commercialization stage because to the significant expenditure, prolonged operating
The Necessity and Feasibility of Hydrogen Storage for Large-Scale, Long-Term Energy Storage in the New Power System in China
In the process of building a new power system with new energy sources as the mainstay, wind power and photovoltaic energy enter the multiplication stage with randomness and uncertainty, and the foundation and support role of large-scale long-time energy storage is highlighted. Considering the advantages of hydrogen energy storage in large-scale,
Techno-Economic Feasibility Analysis of Pumped Storage
As evidenced by the Shang et al. (2020) study that examines techno-economic feasibility of utilizing abandoned coal mines for PSH, there are similar research endeavors that extend beyond metallic
The next step for China''s clean energy transition: industrial and
2023 was a breakthrough year for industrial and commercial energy storage in China. Projections show significant growth for the future. The Forum''s
Economic viability of battery energy storage and grid strategy: A special case of China electricity
1. Introduction China is currently in the process of industrialization and urbanization; hence requires large amount of energy [46].The sustainability of China''s economic growth faces a series of environmental and energy problems. Jiang and Lin [21] forecast that China''s 2020 primary energy demand may reach 4519 to 5188 Mtce among
