FEASIBILITY OF A PTH PROJECT IN ICELAND
Author
Term
4. Term
Publication year
2024
Submitted on
2024-06-03
Pages
83
Abstract
The aim of this project is to examine the feasibility of a Power-to-Hydrogen project in Iceland. The motivation behind this study is that Power-to-hydrogen potentially can relieve the challenge of fluctuating electricity production and produce fuel for other sectors with more difficult electrification. The feasibility is determined by the development of various scenarios in EnergyPRO to perform an Energy System Analysis and determine the yearly hydrogen production of each one of them. The economical feasibility will take as input the expected hydrogen productions from the EnergyPRO model and the investment necessary to calculate the NPV, IRR and payback time. Moreover, the environmental impacts of the best scenario will be studied and measures to reduce them will be presented. Furthermore, social acceptance will also be taken into account and measures to improve it will be presented as well.
Keywords
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