期刊
CHEMICAL ENGINEERING JOURNAL
卷 471, 期 -, 页码 -出版社
ELSEVIER SCIENCE SA
DOI: 10.1016/j.cej.2023.144725
关键词
Renewable methane; Levelized cost of methane; Renewable energy transition; Technoeconomic analysis; Financial viability; Sensitivity analysis
This study conducts a comprehensive techno-economic analysis of a power-to-methane plant, evaluating its financial viability and profitability over 20 years. The findings reveal financial challenges for the plant under current assumptions, but demonstrate its potential for viability and profitability under specific conditions. The study highlights the sensitivity of the plant's financial performance to key parameters such as methane selling price, CO2 costs, and discount rates, providing valuable insights for decision-making processes and development strategies. Additional research on technological advancements and integration with other renewable energy systems is recommended to further analyze the impact on the plant's financial performance and contribution to the transition to renewable energy systems.
This study presents a comprehensive techno-economic analysis of a power-to-methane plant, investigating its financial viability and profitability over 20 years. The financial performance of the plant is evaluated using key metrics such as net present value (NPV), internal rate of return (IRR), and levelized cost of methane (LCOM). The main findings reveal that under the current assumptions, the plant faces challenges in achieving financial viability, with a negative NPV of -$3,818,163 and an IRR of -1%, indicating a net loss over the 20 years and a lack of profitability for investors. The calculated LCOM is 1.75 $/kg, which provides an estimate of the cost to produce renewable methane from the plant. To further understand the conditions necessary for the plant to become financially viable, a sensitivity analysis is conducted, examining the effects of varying key parameters such as the selling price of methane, CO2 costs, and discount rates. The sensitivity analysis demonstrates that the financial viability and profitability of the plant are highly sensitive to the selling price of methane, with the NPV turning positive and the IRR exceeding the break-even point at selling prices above $2.1/kg. Moreover, the analysis reveals that higher CO2 costs lead to poorer financial performance, while lower discount rates result in a higher perceived value of the plant. In summary, the power-to-methane plant faces financial challenges under the current assumptions, but under certain conditions, it could become viable and profitable. The findings of this study provide valuable insights into the plant's potential market viability and can inform future decision-making processes and development strategies for power-to-methane technologies. It is recommended that additional research investigates the impact of technological advancements and integration with other renewable energy systems on the financial performance of the plant and their contribution to the transition to renewable energy systems.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据