Stavy, Michael, Is Hydrogen Energy Storage Ready for Prime Time on the European Grid? , WindEurope 2019, 2-4 April, Bilbao, Spain.
Abstract– A bulk energy storage plant can be used on the European (North American) electric grid for ancillary services, daily, weekly or seasonal wind energy storage.
The goal of this WindEurope-19 (WEU-19) paper is to determine whether hydrogen energy storage is ready for prime time on the European (North American) grid.
To determine this, the author developed a hydrogen storage plant (HSP) levelized cost of storage (LCOS) Algorithm. The algorithm is used for sensitivity analysis.
This paper discusses the hydrogen storage (HS) technology, focusing on the three phases of all HSP; one, the production of the hydrogen, two, the storage of the hydrogen, three, the use of stored hydrogen as the fuel to generate electricity.
The WEU-19 HSP LCOS Algorithm uses “project accounting” to compute a separate LCOS for the HSP charging, storage and discharging phases. To compute the LCOS, the author’s WEU-19 HSP LCOS Algorithm requires 22 energy storage plant (ESP) specifications (specs; metrics). The 22 HSP specs (metrics) are defined with a set of standard (SI) hydrogen units.
Based on the author’s sensitivity derived LCOS values and the author’s inability to locate in the literature, any actual bulk HSP on the European (North American) gird, the author’s conclusion is NO, H2 energy storage is not yet ready for prime time on the European (American) grid.
This paper is based on the author’s eight published paper’s on the finances of hydrogen energy storage, his three paper’s on the carbon content of hydrogen, his two papers on the cost of producing hydrogen by electrolysis and his one paper on the cost of electricity generated by a hydrogen powered fuel cell.
Download a schematic of a H2 Storage Plant below.
A list of references is provided.
A glossary of abbreviations is provided.
Michael’s WEU-19-HSP LCOS Paper, the WEU-19 Workbook Algorithm Workbook and the WEU-19 Conference Poster will soon be posted here.
For now, to celebrate Michael’s 75th Birthday, below is the 75th Birthday Edition of his WEU-19 Poster.
Michael’s WEU-18- LCOS Paper, the WEU-18 Excel Workbook Algorithm and the WEU-18 Conference Poster can be downloaded at https://tinyurl.com/y76zkbdm
Michael’s WindEurope 2018 Conference Presenter Biography is @ https://tinyurl.com/y9d6puss
Now is a good time to schedule an appointment with Michael at your office, in Bilbao, just below the Cabin Creek PSP in Georgetown, CO or in Chicago.
His usual hourly rate will apply. Call Michael at 312-321-1733.
Sigmund Freud, the noted behavioral economist, said that half the value of the consultation was derived from the client’s payment of the consulting fee. Michael lost his citation note for this. You might know the citation! Tell Michael!
