This paper presents a real options-based techno-economic analysis of a hydrogen-based wind energy storage system (H2 …-WESS) deployed adjacent to a nearshore wind farm in northern Germany. The H2-WESS can be used to produce and store hydrogen … supply, or when the spot market electricity price falls below the estimated (efficiency-adjusted) market price of hydrogen …

drive a generator which in turn delivers electrical energy to produce hydrogen (Alternative 2). In this study, the economic …

In this paper, we investigate the economic viability of hydrogen storage for excess electricity produced in wind power … hydrogen as a storage medium helps to increase capacity utilization of the wind parks; in the case of disconnection of the wind … to generate hydrogen, and the selling of electricity that is generated from hydrogen at high spot market prices. Finally …