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3972. The cost-competitiveness of offshore hydrogen electrolysis in the North Sea
Invited abstract in session WC-9: Hydrogen and Electricity Modeling and Regulation I, stream Energy Markets.
Wednesday, 12:30-14:00Room: 10 (building: 116)
Authors (first author is the speaker)
| 1. | Kristina Haaskjold
|
| Energy System Analysis, Institute for Energy Technology (IFE) | |
| 2. | Kari Espegren
|
| Energy Systems Analysis, Institute for Energy Technology |
Abstract
Hydrogen has gained significant attention as a potential fuel for the future. It is a versatile energy carrier that can be produced from a variety of low carbon sources and used in different sectors. Norway is uniquely positioned to take advantage of the growing interest, having significant natural resources, including hydropower, new renewable energy, as well as abundant natural gas resources and necessary infrastructure for carbon capture and storage. Furthermore, Norway is strategically located to key markets such as Germany and the Netherlands, which are looking to import hydrogen to meet their energy needs.
Large plans for offshore wind deployment are planned, both in Norway and in Northern Europe, enabling business opportunities for producing hydrogen offshore. Benefits relate to reduced grid expansion, shorter transport distances to Europe and mitigated land use for onshore facilities. Hydrogen produced from offshore wind can also fulfill the requirements as an RFNBO. This study analysis under which conditions offshore electrolysis in the North Sea can be competitive to onshore hydrogen production, from electrolysis and natural gas with CCS, in Norway and in Germany. A mixed integer optimization model is developed using the TIMES framework, with a detailed modelling of the production, distribution and storage of electricity and hydrogen. In addition, the cost-competitiveness of different transport concepts is assessed, including pipelines and transport by ship.
Keywords
- Optimization Modeling
- OR in Energy
- Electricity Markets
Status: accepted
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