Techno-Economic Analysis for Centralized GH2 Power Systems

Sustainable energy system requires novel technologies for a low-carbon transition. This chapter presents a detailed economic analysis for a centralized green hydrogen (GH2) power system, as well as this chapter presents an overview of the rising need for clean and renewable energy solutions, stressing the limits of traditional power systems as well as the environmental concerns they cause. To improve the performance of the presented model, the system integrates hydrogen storage, which consists of an electrolyzer and a fuel cell. It highlights the importance of hydrogen as a flexible energy carrier capable of integration of intermittent renewable energy sources. This chapter also applies an optimum coalition technique. In addition, the integration of renewable energy sources, energy storage, and hydrogen-powered cars is being investigated. This chapter is designed based on the centralized GH2 power system and peer-to-peer (P2P) energy trading market. In this method, a system operator tries to reduce the overall cost of the microgrid. In this way, P2P energy trading infrastructure and energy storage technologies facilitate and increase the flexibility in this local system. The optimal coalition technique encourages cooperation across many peers inside the system. Some of these peers have renewable energy sources and energy storage systems, which allows for more efficient resource sharing. The advantages of this strategy are discussed, including cost-effectiveness and improved renewable energy integration. The results show the potential for low-cost, which will aid in the transition to a low-carbon future.