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Optimal sizing and economic analysis of a hydrogen refuelling station providing frequency containment reserve

Akbar Dadkhah (UGent) , Dimitar Bozalakov (UGent) , Jeroen De Kooning (UGent) and Lieven Vandevelde (UGent)
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Abstract
In a decarbonised economy, hydrogen could be a promising energy carrier, mainly for the transportation sector. Using hydrogen-filled vehicles can decrease air pollution and greenhouse gas emission. One of the requirements for the implementation of hydrogen as a fuel for the transportation sector is a focus on the optimal design of hydrogen refuelling stations. In this work, a model was developed to study and optimise the performance of a hydrogen refuelling station located in Belgium. To maximise the total annual profits, the capacity of each subcomponent for a hydrogen refuelling station, including the electrolyser, compressor and storage, was optimised. The effect of participation in the reserve market on the economic feasibility of the hydrogen refuelling station was studied as well. The simulation was established by realistic data from the Belgian electricity market. The analysis showed that the price of both hydrogen and electricity notably affect economic viability. Besides, results confirmed that the economic feasibility could be enhanced through participation in the reserve market.
Keywords
Optimal sizing, Electrolysis, Balancing market, Frequency control

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MLA
Dadkhah, Akbar, et al. “Optimal Sizing and Economic Analysis of a Hydrogen Refuelling Station Providing Frequency Containment Reserve.” 20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings, IEEE, 2020, doi:10.1109/EEEIC/ICPSEurope49358.2020.9160652.
APA
Dadkhah, A., Bozalakov, D., De Kooning, J., & Vandevelde, L. (2020). Optimal sizing and economic analysis of a hydrogen refuelling station providing frequency containment reserve. In 20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings. Madrid, Spain: IEEE. https://doi.org/10.1109/EEEIC/ICPSEurope49358.2020.9160652
Chicago author-date
Dadkhah, Akbar, Dimitar Bozalakov, Jeroen De Kooning, and Lieven Vandevelde. 2020. “Optimal Sizing and Economic Analysis of a Hydrogen Refuelling Station Providing Frequency Containment Reserve.” In 20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings. IEEE. https://doi.org/10.1109/EEEIC/ICPSEurope49358.2020.9160652.
Chicago author-date (all authors)
Dadkhah, Akbar, Dimitar Bozalakov, Jeroen De Kooning, and Lieven Vandevelde. 2020. “Optimal Sizing and Economic Analysis of a Hydrogen Refuelling Station Providing Frequency Containment Reserve.” In 20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings. IEEE. doi:10.1109/EEEIC/ICPSEurope49358.2020.9160652.
Vancouver
1.
Dadkhah A, Bozalakov D, De Kooning J, Vandevelde L. Optimal sizing and economic analysis of a hydrogen refuelling station providing frequency containment reserve. In: 20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings. IEEE; 2020.
IEEE
[1]
A. Dadkhah, D. Bozalakov, J. De Kooning, and L. Vandevelde, “Optimal sizing and economic analysis of a hydrogen refuelling station providing frequency containment reserve,” in 20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings, Madrid, Spain, 2020.
@inproceedings{8666936,
  abstract     = {{In a decarbonised economy, hydrogen could be a promising energy carrier, mainly for the transportation sector. Using hydrogen-filled vehicles can decrease air pollution and greenhouse gas emission. One of the requirements for the implementation of hydrogen as a fuel for the transportation sector is a focus on the optimal design of hydrogen refuelling stations. In this work, a model was developed to study and optimise the performance of a hydrogen refuelling station located in Belgium. To maximise the total annual profits, the capacity of each subcomponent for a hydrogen refuelling station, including the electrolyser, compressor and storage, was optimised. The effect of participation in the reserve market on the economic feasibility of the hydrogen refuelling station was studied as well. The simulation was established by realistic data from the Belgian electricity market. The analysis showed that the price of both hydrogen and electricity notably affect economic viability. Besides, results confirmed that the economic feasibility could be enhanced through participation in the reserve market.}},
  author       = {{Dadkhah, Akbar and Bozalakov, Dimitar and De Kooning, Jeroen and Vandevelde, Lieven}},
  booktitle    = {{20th IEEE International Conference on Environment and Electrical Engineering (EEEIC), Proceedings}},
  isbn         = {{9781728174556}},
  keywords     = {{Optimal sizing,Electrolysis,Balancing market,Frequency control}},
  language     = {{eng}},
  location     = {{Madrid, Spain}},
  pages        = {{6}},
  publisher    = {{IEEE}},
  title        = {{Optimal sizing and economic analysis of a hydrogen refuelling station providing frequency containment reserve}},
  url          = {{http://dx.doi.org/10.1109/EEEIC/ICPSEurope49358.2020.9160652}},
  year         = {{2020}},
}

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