Project
December 2024
Concept Optioneering
Project Phases
- Identify
Technology Areas
- Biofuels
- Electrification
- Hydrogen
Service Areas
- Concept & Project Development
Project Location
- UK
Delivered high-level technical and economic assessments to evaluate options for curtailed power use, including hydrogen, P2X, and energy storage — supporting fast, informed decision-making and concept prioritisation.
Motivation:
The client was looking to assess and screen out a variety of possible concepts for the use of curtailed power, including the production of hydrogen or its derivatives, compressed gas energy storage, and gas to wire.
Our Approach:
Each of the different concepts were assessed first on a technical basis to determine whether they offered a technically robust use for the curtailed power. This included reviews such as P2X transportation viability, technology maturity, and output efficiency. A high level economic screening was then developed, based on allowable project CAPEX through NPV=0 calculation, using cost blocks developed throughout the technical assessment.
A red, amber, green matrix was created and shared with the client to advise on which concepts should be investigated further.
Benefit and Impact:
The high level technical and economic screening provided a framework for quick decision making for the project, enabling a high number of potential concept options to be narrowed down for further areas of study.
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