Exploiting electricity market dynamics using flexible electrolysis units for retrofitting methanol synthesis
Jiaze Ma, Michael Rebarchik, Saurabh Bhandari, Manos Mavrikakis, George W. Huber, Víctor M. Zavala
Abstract
Exploiting the dynamics of electricity markets can make hydrogen production cost-competitive and this can lead to viable alternatives to electrify methanol production.
Topics & Concepts
RetrofittingElectricityHydrogen productionProduction (economics)Electricity marketMethanolElectrolysisProcess engineeringProduction costElectricity generationBiochemical engineeringIndustrial organizationEnvironmental scienceEnvironmental economicsBusinessEngineeringHydrogenChemistryEconomicsMicroeconomicsMechanical engineeringElectrical engineeringPower (physics)Structural engineeringPhysicsElectrodeQuantum mechanicsElectrolyteOrganic chemistryPhysical chemistryElectrocatalysts for Energy ConversionHybrid Renewable Energy SystemsAmmonia Synthesis and Nitrogen Reduction