Desktop Feasibility to Evaluate Commercial Aspects of Utilizing Green Hydrogen by Decarbonization and Techno Economic Analysis

Archana Desai; Dr. Kuldeep Joshi; Dr. Hemangini Shah

Desktop Feasibility to Evaluate Commercial Aspects of Utilizing Green Hydrogen by Decarbonization and Techno Economic Analysis

Authors: Archana Desai, Dr. Kuldeep Joshi, Dr. Hemangini Shah

Unique Paper ID: 164751
Volume: 10
Issue: 10
PageNo: 1073-1082

Keywords: Green hydrogen Techno-economic solution Sustainable energy Renewable energy Energy efficiency.

Abstract:
The increasing demand for sustainable and clean energy sources has led to a growing interest in the utilization of green hydrogen as a potential solution. Green hydrogen, produced through electrolysis using renewable energy sources, has the potential to significantly reduce greenhouse gas emissions and contribute to a more environmentally friendly energy sector. However, before implementing large-scale green hydrogen projects, it is crucial to assess their commercial viability and economic feasibility. This study focuses on evaluating the commercial aspects of utilizing green hydrogen through a techno-economic analysis conducted on desktop feasibility. The research aims to assess the economic viability of green hydrogen production, storage, and utilization, considering factors such as capital costs, operational expenses, energy efficiency, and market dynamics. The methodology involves collecting data on renewable energy resources, electrolyzer technologies, hydrogen storage options, and potential market scenarios. Various techno-economic models and software tools are employed to simulate different scenarios and evaluate the financial implications of green hydrogen projects. Sensitivity analyses are conducted to assess the impact of variables such as electricity prices, government policies, and infrastructure development on the economic feasibility of green hydrogen solutions. The findings of this study provide valuable insights into the commercial aspects of utilizing green hydrogen, helping policymakers, investors, and industry stakeholders make informed decisions. The research highlights the potential benefits and challenges associated with green hydrogen projects, identify key economic indicators, and propose strategies for cost optimization and market integration. By analyzing the techno-economic feasibility of green hydrogen on a desktop scale, this research contributes to the understanding of the economic viability of green hydrogen projects. A sensitivity analysis may reveal that a 10% increase in electricity prices reduces the profitability of the green hydrogen project by 15%. A reduction of subsidies by 20%, decreases the project's internal rate of return (IRR) by 8%, emphasizing the importance of pol

email to a friend

Cite This Article

ISSN: 2349-6002
Volume: 10
Issue: 10
PageNo: 1073-1082

Desktop Feasibility to Evaluate Commercial Aspects of Utilizing Green Hydrogen by Decarbonization and Techno Economic Analysis

Available:https://ijirt.org/Article?manuscript=164751

22 Aug, 2024

DESIGN OF ANN AND ANFIS CONTROLLER BASED UPFC EMBEDDED WITH THREE LEVEL CASCADED H BRIDGE INVERTER WITH SPWM TECHNIQUE FOR FAST RESTORATION OF POWER FOLLOWING SEVERE TRANSIENT CONDITIONS ON TRANSMISSION LINES

21 Aug, 2024

ANALYZING THE IMPACT OF ARTIFICIAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT

20 Aug, 2024

INTERNATIONAL MARKETING UNVEILED: KEY FACTORS, INDIAN STANDARDS, COMPARATIVE STRATEGIES, AND PATHWAYS TO GLOBAL SUCCESS

16 Aug, 2024

ANALYSIS ON THE ECONOMIC BENEFITS OF SUSTAINABLE PRACTICES IN ENHANCING WEALTH CREATION AND EQUITABLE RESOURCE DISTRIBUTION

15 Aug, 2024

INTEGRATED MANAGEMENT STRATEGIES FOR ALTERNARIA BLIGHT IN MUSTARD: A COMPREHENSIVE REVIEW

13 Aug, 2024

AGILE HR PRACTICES: ADAPTING THE STRATEGIES & RAPIDLY CHANGING BUSSINESS ENVIRONMENT

10 Aug, 2024

IMPACT OF MOBILE BANKING ON EXPANSION OF BANKING SERVICES

07 Aug, 2024

PREDICTIVE MODEL-BASED SELECTION OF DEEP NEURAL NETWORKS FOR EMBEDDED IMAGE CLASSIFICATION

31 Jul, 2024

OPTIMAL CAPITAL STRUCTURE DETERMINATION: ASSESSING THE IMPACT ON FINANCIAL PERFORMANCE OF BSE LISTED COMPANIES ACROSS IGAAP AND IND AS PERIODS

31 Jul, 2024

INTEGRATED MANAGEMENT STRATEGIES FOR ALTERNARIA BLIGHT IN MUSTARD: A COMPREHENSIVE REVIEW

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry