Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future
The global resurgence of hydrogen as a clean energy source, particularly green hydrogen derived from renewable energy, is pivotal for achieving a carbon-neutral future. However, scalability poses a significant challenge. This research proposes innovative business models leveraging the low-emission p...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2024
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| Online Access: | https://hdl.handle.net/10356/178667 |
| _version_ | 1811678914933686272 |
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| author | Yang, Jiajia Lai, Xinyi Wen, Fushuan Dong, Zhao Yang |
| author2 | School of Electrical and Electronic Engineering |
| author_facet | School of Electrical and Electronic Engineering Yang, Jiajia Lai, Xinyi Wen, Fushuan Dong, Zhao Yang |
| author_sort | Yang, Jiajia |
| collection | NTU |
| description | The global resurgence of hydrogen as a clean energy source, particularly green hydrogen derived from renewable energy, is pivotal for achieving a carbon-neutral future. However, scalability poses a significant challenge. This research proposes innovative business models leveraging the low-emission property of green hydrogen to reduce its financial costs, thereby fostering its widespread adoption. Key components of the business workflow are elaborated, mathematical formulations of market parameters are derived, and case studies are presented to demonstrate the feasibility and efficiency of these models. Results demonstrate that the substantial costs associated with the current hydrogen industry can be effectively subsidized via the implementation of proposed business models. When the carbon emission price falls within the range of approximately 86–105 USD/ton, free access to hydrogen becomes a viable option for end-users. This highlights the significance and promising potential of the proposed business models within the green hydrogen credit framework. |
| first_indexed | 2024-10-01T03:00:50Z |
| format | Journal Article |
| id | ntu-10356/178667 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:00:50Z |
| publishDate | 2024 |
| record_format | dspace |
| spelling | ntu-10356/1786672024-07-05T15:39:38Z Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future Yang, Jiajia Lai, Xinyi Wen, Fushuan Dong, Zhao Yang School of Electrical and Electronic Engineering Engineering Green hydrogen Hydrogen economy The global resurgence of hydrogen as a clean energy source, particularly green hydrogen derived from renewable energy, is pivotal for achieving a carbon-neutral future. However, scalability poses a significant challenge. This research proposes innovative business models leveraging the low-emission property of green hydrogen to reduce its financial costs, thereby fostering its widespread adoption. Key components of the business workflow are elaborated, mathematical formulations of market parameters are derived, and case studies are presented to demonstrate the feasibility and efficiency of these models. Results demonstrate that the substantial costs associated with the current hydrogen industry can be effectively subsidized via the implementation of proposed business models. When the carbon emission price falls within the range of approximately 86–105 USD/ton, free access to hydrogen becomes a viable option for end-users. This highlights the significance and promising potential of the proposed business models within the green hydrogen credit framework. Published version This work is supported by National Key Research and Development Program (2022YFB2403100). 2024-07-02T05:08:53Z 2024-07-02T05:08:53Z 2024 Journal Article Yang, J., Lai, X., Wen, F. & Dong, Z. Y. (2024). Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future. International Journal of Hydrogen Energy, 60, 189-193. https://dx.doi.org/10.1016/j.ijhydene.2024.02.152 0360-3199 https://hdl.handle.net/10356/178667 10.1016/j.ijhydene.2024.02.152 2-s2.0-85185469941 60 189 193 en International Journal of Hydrogen Energy © 2024 The Authors. Published by Elsevier Ltd on behalf of Hydrogen Energy Publications LLC. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). application/pdf |
| spellingShingle | Engineering Green hydrogen Hydrogen economy Yang, Jiajia Lai, Xinyi Wen, Fushuan Dong, Zhao Yang Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future |
| title | Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future |
| title_full | Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future |
| title_fullStr | Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future |
| title_full_unstemmed | Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future |
| title_short | Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future |
| title_sort | green hydrogen credit subsidized renewable energy hydrogen business models for achieving the carbon neutral future |
| topic | Engineering Green hydrogen Hydrogen economy |
| url | https://hdl.handle.net/10356/178667 |
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