Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain
An economic analysis of the implementation of the power-to-gas (PtG) system between 2030 and 2055 is presented at a large scale. The capacity of the PtG system is adapted to two scenarios in Spain (Bailera and Lisbona 2018), corresponding to growing scenarios of 1.73 and 1.36%/y of its electricity m...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-03-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/15/7/2523 |
| _version_ | 1797439464088272896 |
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| author | Alberto Abánades Jesús Frías |
| author_facet | Alberto Abánades Jesús Frías |
| author_sort | Alberto Abánades |
| collection | DOAJ |
| description | An economic analysis of the implementation of the power-to-gas (PtG) system between 2030 and 2055 is presented at a large scale. The capacity of the PtG system is adapted to two scenarios in Spain (Bailera and Lisbona 2018), corresponding to growing scenarios of 1.73 and 1.36%/y of its electricity market. The total power capacity of the PtG system has been fixed to 12.7 and 3.84 GW, respectively, at the end of 2055. The levelized cost of storage (LCOS) of the implementation of PtG has been evaluated. Assuming uncertainties in the current cost projections for CAPEX and OPEX, LCOS estimations are between 136 and 686 EUR/MWh with a payback time of 16 years in the best scenario for a reference electricity purchase of 100 EUR/MWh and a CO<sub>2</sub> penalty of 100 EUR/ton. A sensitivity analysis and the viability dependence versus energy purchase and CO<sub>2</sub> penalty certificates is shown. This work sheds some light for the comparison of PtG implementation costs in comparison with other storage options, such as batteries, pumped-storage hydroelectricity or compressed air storage for future energy scenarios. |
| first_indexed | 2024-03-09T11:54:17Z |
| format | Article |
| id | doaj.art-377153f53c934141ad05f40e5e6c58dc |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T11:54:17Z |
| publishDate | 2022-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-377153f53c934141ad05f40e5e6c58dc2023-11-30T23:11:20ZengMDPI AGEnergies1996-10732022-03-01157252310.3390/en15072523Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of SpainAlberto Abánades0Jesús Frías1Escuela Técnica Superior de Ingenieros Industriales, Universidad Politécnica de Madrid, 28006 Madrid, SpainEscuela Técnica Superior de Ingenieros Industriales, Universidad Politécnica de Madrid, 28006 Madrid, SpainAn economic analysis of the implementation of the power-to-gas (PtG) system between 2030 and 2055 is presented at a large scale. The capacity of the PtG system is adapted to two scenarios in Spain (Bailera and Lisbona 2018), corresponding to growing scenarios of 1.73 and 1.36%/y of its electricity market. The total power capacity of the PtG system has been fixed to 12.7 and 3.84 GW, respectively, at the end of 2055. The levelized cost of storage (LCOS) of the implementation of PtG has been evaluated. Assuming uncertainties in the current cost projections for CAPEX and OPEX, LCOS estimations are between 136 and 686 EUR/MWh with a payback time of 16 years in the best scenario for a reference electricity purchase of 100 EUR/MWh and a CO<sub>2</sub> penalty of 100 EUR/ton. A sensitivity analysis and the viability dependence versus energy purchase and CO<sub>2</sub> penalty certificates is shown. This work sheds some light for the comparison of PtG implementation costs in comparison with other storage options, such as batteries, pumped-storage hydroelectricity or compressed air storage for future energy scenarios.https://www.mdpi.com/1996-1073/15/7/2523power to gasenergy storagecost estimation |
| spellingShingle | Alberto Abánades Jesús Frías Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain Energies power to gas energy storage cost estimation |
| title | Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain |
| title_full | Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain |
| title_fullStr | Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain |
| title_full_unstemmed | Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain |
| title_short | Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain |
| title_sort | economic evaluation of implementation of power to gas application to the case of spain |
| topic | power to gas energy storage cost estimation |
| url | https://www.mdpi.com/1996-1073/15/7/2523 |
| work_keys_str_mv | AT albertoabanades economicevaluationofimplementationofpowertogasapplicationtothecaseofspain AT jesusfrias economicevaluationofimplementationofpowertogasapplicationtothecaseofspain |