Exploring the profit potential of energy storage in a car park using electrolysis, hydrogen storage and fuel cell electric vehicles

Conference paper (2017)

Authors

R.A.C. van der Veen Energy and Industry
R.A. Verzijlbergh Energy and Industry
Z. Lukszo Energy and Industry
A.J.M. van Wijk Energy Technology - Mechanical, Maritime and Materials Engineering
Research Group
Energy and Industry
Copyright: © 2017 R.A.C. van der Veen, R.A. Verzijlbergh, Z. Lukszo, A.J.M. van Wijk
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Published Date

2017

Language

English

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Research Group

Energy and Industry

Abstract

The Car Park as Power Plant (CPPP) is a main business concept related to a future integrated sustainable mobility and energy system in which hydrogen is a key energy carrier. In order to investigate the uncertain profitability of the CPPP concept, an optimisation model has been developed of a CPPP system that includes an electrolyser, a hydrogen storage tank, and fuel cell electric vehicles, which can produce electricity from hydrogen. The potential profits that can be obtained with electricity price arbitrage through energy storage are explored by means of various energy market scenarios. It is concluded that the CPPP electricity arbitrage business model can be profitable for a future system with a high share of wind and solar power, but that profit levels are highly dependent on electricity prices in hours with low wind and solar power generation.

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