Green Energy Production from Renewables using Ammonia Alchemy - PowerPoint PPT Presentation

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Green Energy Production from Renewables using Ammonia Alchemy

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The feasibility and sustainability of hydrogen as a clean energy source are largely dependent on the results of a hydrogen production cost analysis. To promote developments in this area, a thorough analysis of the costs related to hydrogen production must be carried out. We can find chances for cost optimization by looking at several production techniques, like steam methane reforming or electrolysis, and evaluating the costs associated with each step. – PowerPoint PPT presentation

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Title: Green Energy Production from Renewables using Ammonia Alchemy


1
Green Energy Production from Renewables using
Ammonia Alchemy
  • The feasibility and sustainability of hydrogen as
    a clean energy source are largely dependent on
    the results of a hydrogen production cost
    analysis. To promote developments in this area, a
    thorough analysis of the costs related to
    hydrogen production must be carried out. We can
    find chances for cost optimization by looking at
    several production techniques, like steam methane
    reforming or electrolysis, and evaluating the
    costs associated with each step.
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  • With the help of the information gathered from
    the hydrogen production cost analysis, we are
    able to plan ahead and make well-informed
    decisions that will help the hydrogen industry
    become more competitive and economically
    feasible. With this understanding, we can
    endeavor to reduce production costs and make
    hydrogen a practical and affordable choice as we
    move toward a more sustainable and
    environmentally friendly energy future.
  • Due to its clean, adaptable, and efficient
    nature, hydrogen is regarded as a promising
    energy source for the future. But right now,
    producing hydrogen costs more than producing
    traditional fossil fuels. Reducing production
    costs through Hydrogen Production Cost Analysis
    at each stage is crucial to making hydrogen a
    financially competitive energy source.
  • The price of power, feedstock, plant capacity,
    technology type, and other factors all affect how
    much it costs to produce hydrogen.

2
  • Coal gasification, electrolysis, and steam
    methane reforming (SMR) are the three main
    processes used to produce hydrogen.
  • Steam Methane Reforming (SMR) With over 75 of
    all hydrogen generated worldwide coming from SMR,
    it is now the most popular technique of
    manufacturing hydrogen. The price of natural gas,
    which is the main feedstock for SMR, affects the
    cost of producing hydrogen. Carbon dioxide and
    hydrogen are produced during the process of
    reacting natural gas with steam. Emissions of
    greenhouse gases can be decreased by capturing
    and storing the carbon dioxide. The price per
    kilogram of hydrogen produced with SMR varies
    from 1.5 to 3.5.
  • Electrolysis Water is split into hydrogen and
    oxygen through a process called electrolysis,
    which uses electricity. Depending on the
    electrolysis method employed and the cost of
    power, the cost of producing hydrogen using
    electrolysis is determined. Alkaline and proton
    exchange membrane (PEM) technologies are the two
    main categories of electrolysis technology. With
    a production cost per kilogram of hydrogen
    ranging from 2 to 4, alkaline electrolysis is a
    well-established and reasonably priced
    technology. A more recent and costly method is
    PEM electrolysis, which costs 4 to 6 every
    kilogram of hydrogen to produce.
  • Coal Gasification Carbon monoxide and hydrogen
    are produced during the coal gasification process
    by reacting coal with steam and oxygen.
    Additional hydrogen and carbon dioxide can be
    produced by reacting the carbon monoxide and
    steam further. The price of coal and the kind of
    technology utilized have a significant impact on
    the cost of producing hydrogen through coal
    gasification. The price per kilogram of hydrogen
    generated by coal gasification is between 2 and
    6.
  • The technique of Hydrogen Production Cost
    Analysis can utilize a number of strategies to
    make hydrogen production cost-effective. One
    strategy is to expand production volume since
    economies of scale make larger facilities more
    affordable. A different strategy is to boost
    production process efficiency, which can be done
    by utilizing cutting-edge technologies or
    optimizing existing procedures. Furthermore,
    producing hydrogen through electrolysis can be
    made much less expensive by utilizing renewable
    energy sources like solar or wind power.

3
  • Important factors affecting the cost of producing
    hydrogen
  • Capital Costs Capital costs are the sums of
    money needed to build and operate facilities that
    produce hydrogen. The price of the
    infrastructure, machinery, buildings, and land is
    included in this. The production technique and
    facility size can have a substantial impact on
    capital expenses.
  • Operating and Maintenance Costs The expenses
    related to the daily operation and maintenance of
    the hydrogen producing facility are included in
    the category of operating and maintenance costs.
    This covers the cost of labor, energy (natural
    gas, electricity, or other fuels), maintenance
    and repair, and other operational costs.
  • Feedstock Costs Feedstock refers to the expenses
    incurred in producing hydrogen from raw
    materials. The production process that is used
    determines the choice of feedstock. For instance,
    electrolysis may need power from conventional or
    renewable sources, whereas steam methane
    reforming (SMR) uses natural gas as its main
    feedstock. The cost of production as a whole is
    greatly influenced by the availability and price
    of feedstock materials.
  • Energy Costs The cost of energy is a major
    factor in the cost of producing hydrogen,
    particularly for technologies such as
    electrolysis. The energy needed for the process
    is determined by how efficient it is as well as
    the energy source that is used. The cost of
    energy is affected by the price of fuel (such as
    natural gas), electricity, and the efficiency of
    energy conversion in the production process.
  • Catalysts and Materials Specific catalysts or
    materials are needed for some hydrogen production
    processes, such electrolysis and biomass
    gasification, in order to speed up the chemical
    reactions. The total cost of production may
    increase as a result of these materials and
    catalysts. Materials and catalysts might have
    different costs based on the market prices, their
    performance, and their availability.
  • Byproduct Value or Disposal Costs Carbon dioxide
    or biochar may be produced as byproducts of some
    hydrogen production techniques, such as biomass
    gasification or specific reforming procedures.
    The total cost analysis must take these
    byproducts' value or disposal expenses into
    account.

4
  • Economies of Scale The price of producing
    hydrogen is affected by economies of scale.
    Larger production facilities can create hydrogen
    at lower costs per unit because of improved
    resource utilization, enhanced efficiency, and
    economies of scale in operations and procurement.
  • Research and Development Costs Particularly for
    new or cutting-edge hydrogen production systems,
    research and development (RD) expenses are a
    significant factor. Research and development
    expenditures eventually lead to cost savings,
    increased productivity, and advances in
    technology.
  • Read More - https//www.marketsandmarkets.com/indu
    stry-practice/hydrogen/hydrogen-production-cost-an
    alysis
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